The issue of Hot Enhanced Dividend Securities - BTIIHF, NPNIHE and REMIHL INVESTEC BANK LIMITED THE ISSUE OF HOT ENHANCED DIVIDEND SECURITIES Investec Hot Enhanced Dividend Securities (HotEDS): Commencement Date: 06 July 2016 Share BRITISH AMERICAN TOBACCO PLC Strike Price R 718.00 Stop-Loss Level R 814.00 Expiry Date 12/07/2017 Cover Ratio 1:1 Call/Put Call Style American Issue Size 400,000 JSE Code BTIIHF ISIN Code ZAE000221834 Share NASPERS LIMITED Strike Price R 1650.00 Stop-Loss Level R 1870.00 Expiry Date 12/07/2017 Cover Ratio 1:1 Call/Put Call Style American Issue Size 400,000 JSE Code NPNIHE ISIN Code ZAE000221842 Share REMGRO LIMITED Strike Price R 187.00 Stop-Loss Level R 212.00 Expiry Date 08/07/2016 Cover Ratio 1:1 Call/Put Call Style American Issue Size 320,000 JSE Code REMIHL ISIN Code ZAE000221859 The JSE Limited (“JSE”) has approved the listing of the abovementioned warrants and trading commenced on Wednesday, 06 July 2016. All members of the JSE may participate in trading, which will occur according to normal JSE Rules. No emigrants or non-residents, both referred to as Restricted Shareholders, may participate in the Hot Enhanced Dividend Securities (HotEDS) programme. As the Warrants have been dematerialised, settlement will be effected electronically through the STRATE system of the JSE and accordingly, certificates evidencing the Warrants will not be issued to Holders. Any capitalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Warrant issue documentation. Date: 06 July 2016 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 Copies of Warrant issue documentation can be located on: Internet: www.investec.com Place and Date of Incorporation of the Issuer: Incorporated in the Republic of South Africa Registration Number: 1969/004763/06 Date of Incorporation: 31 March 1969 For further information kindly contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Sponsor: Investec Securities (Pty) Ltd Member of the JSE Registration Number: 1972/008905/07 Date: 06/07/2016 09:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.