INVESTEC BANK LIMITED - Notice of Rebate For Hot Enhanced Dividend (TRUIHB)

Notice of Rebate For Hot Enhanced Dividend (TRUIHB)

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND TRUIHB

Share           Truworths International Limited



Strike Price                                      R59.00
Stop-Loss Level                                   R67.00
Expiry Date                                       2017/09/08
Cover Ratio                                       1:1

Call/Put                                          Call
Style                                             American
Issue Size                                        700 000
JSE Code                                          TRUIHB
ISIN Code                                         ZAE000223723



Investec Bank Limited, as Issuers of the TRUIHB Hot Enhanced Dividend Security (HOTEDs), advised holders that
due to the breach of the stop loss level of R67.00 in the Underlying Share, as of close of business on Thursday, 03
November 2016 the abovementioned HOTED was terminated

The Rebate Payment, represented by the number of HOT EDS held on the termination date, multiplied by the
excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the
two Business Days following the Termination Date over the Exercise Price (Strike Price) of R59.00. This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on 4 November 2016 = R 6583.2593
The VWAP on 7 November 2016 = R 6693.7148
The simple average of the 2 day VWAP = R 6638.48

Holders will receive R 7.3848 for every warrant held.

08 November 2016

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

For further information contact:
         Investec Warrants
         Tel.: 011 286-4672
         E-mail: warrants@investec.co.za
         Internet: www.investec.co.za

Sponsor
           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07)

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