Announcement to warrant holders of their new positions of the Hot Enhanced Dividend Securities which expired INVESTEC BANK LIMITED ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED DIVIDEND SECURITIES WHICH EXPIRED Share Old Position Old Old New Position Price New Conversion Cash Price Strike Strike Ratio per (Old : New) ratio BHP Billiton BILIHA R110.01 R118.00 BILIHB R 55.53 R182.00 1:1.98109 0 Plc ZAE000212643 ZAE000236485 Standard SBKIHJ R 63.59 R87.00 SBKIHK R 41.72 R116.00 1:1.52421 0 Bank Limited ZAE000212668 ZAE000236493 SOLIHM R283.00 SOLIHN 0 1:0.94739 ZAE000212684 ZAE000236501 Sasol R120.31 R296.00 R113.98 Limited Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (Hot EDS), would like to inform warrant holders who rolled their Hot EDS into the “New” series of Hot EDS of the positions in which their securities closed out on Thursday, 15 December2016 and to inform warrant holders of their new positions. This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic value inherent to the “Expired” Hot EDS multiplied by the position held on expiry and “New” Hot EDS multiplied by the new position held. 19 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: 19/12/2016 12:45:00 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.