Expiry of SHPIHH - New SHPIHI INVESTEC BANK LIMITED ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED DIVIDEND SECURITIES WHICH EXPIRED Share Old Position Old Price Old Strike New Position Price New Conversion Cash Strike Ratio per (Old : New) ratio Shoprite SHPIHH R73.75 R 136.00 SHPIHI R59.37 R160.00 1:1.24221 0 Holdings Limited ZAE000232559 ZAE000249090 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 Friday, 15 September 2017 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. 18 September 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) Date: 18/09/2017 02:10:00 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.