INVESTEC BANK LIMITED - Expiry of Hot Enhanced Dividend Securities - BILIHA, SBKIHJ and SOLIHM

Expiry of Hot Enhanced Dividend Securities - BILIHA, SBKIHJ and SOLIHM

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 15 DECEMBER 2016



Share                                 BHP Billiton plc

Strike Price                          R 118.00
Stop-Loss Level                       R 133.00
Expiry Date                           2016/12/15
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            65,000
JSE Code                              BILIHA
ISIN Code                             ZAE000212643



Share                                 Standard Bank Limited

Strike Price                          R 87.00
Stop-Loss Level                       R 98.00
Expiry Date                           2016/12/15
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            1 100 000
JSE Code                              SBKIHJ
ISIN Code                             ZAE000212668



Share                                 Sasol Limited

Strike Price                          R 283.00
Stop-Loss Level                       R 320.00
Expiry Date                           2016/12/15
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            60,000
JSE Code                              SOLIHM
ISIN Code                             ZAE000212684




Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 15 December 2016 (see the related securities above).

1.             Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
               underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.
2.         Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
           Desk before 12:00 hours, Monday, 12 December 2016. The “Existing” HotEDS will expire at full intrinsic
           value on the respective expiry date. A cash settlement amount representing the number of HotEDS held
           on that date multiplied by the excess of the simple average of the Volume Weighted Average Price
           (“VWAP”) of the Underlying Parcel over the two Business Days following the Expiry Date, over the Exercise
           Price (Strike Price) will automatically accrue to the holder via instruction through STRATE.

3.         Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
           Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Tuesday, 13 December
           2016). This will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic
           value inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.


06 December 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.com

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

Date: 06/12/2016 10:48:00 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.