SNHIHA - Rebate Notice INVESTEC BANK LIMITED NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND SNHIHA Share Steinhoff International Holdings N.V. Strike Price R51.00 Stop-Loss Level R58.00 Expiry Date 2017/12/08 Cover Ratio 1:1 Call/Put Call Style American Issue Size 2 840 000 JSE Code SNHIHA ISIN Code ZAE000232567 Investec Bank Limited, as Issuers of the SNHIHA Hot Enhanced Dividend Security (HOTEDs), advised holders that due to the breach of the stop loss level of R58.00 in the Underlying Share, as of close of business on Friday, 10 November 2017 the abovementioned HOTED was terminated The Rebate Payment, represented by the number of HOTEDs 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 R51.00. This amount will automatically accrue to holders via instruction through STRATE. The VWAP on 13 November 2017 = R55.9987 The VWAP on 14 November 2017 = R54.4861 The simple average of the 2 day VWAP = R55.2424 Holders will receive R4.2424 for every warrant held. 15 November 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.co.za Sponsor Investec Securities (Pty) Ltd Member of the JSE Registration number. 1972/008905/07) Date: 15/11/2017 09:15:00 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.