INVESTEC BANK LTD - Expiry of ESPIBG

Expiry of ESPIBG

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESPIBG)

Reference Index                      S&P500® Index



Strike Price                         1875.39

Expiry Date                          20 July 2017

Cover Ratio                          1:1

Call/Put                             Put

Style                                European

Issue Size                           9,734

ISIN Code                            ZAE000190906

JSE Code                             ESPIBG




Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 20 July 2017 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put
Strike Price will automatically accrue to the Holder via instruction through STRATE on 26 July 2017.
.
In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the
Holder Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the
balance of the Holder Underlying Securities, through STRATE on 26 July 2017.
.
Each Holder may elect and request the Issuer to utilize the abovementioned settlement amount to reinvest into a new
quantity of ESPs (“the new ESP”). The terms and conditions of the new ESP series will be governed by a new Pricing
Supplement. Investec will, if so elected by the Holder, settle any amount due to Holder pursuant to the expiry of the
existing ESPs by allocation of new ESPs which will be listed on or before 04 August 2017.
.
Holders of ESPIBG will be notified on 26 July 2017 and to the extent applicable, the number of new ESPs that will be
allocated per each ESPIBG.

Date: 07 July 2017



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)

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