General SENS Submitter Company - Investec Bank Limited - Rebate Notice - BTIIHH - Amendment

Investec Bank Limited - Rebate Notice - BTIIHH - Amendment

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND BTIIHH

Share                                           British American Tobacco Plc



Strike Price                                    R627.00
Stop-Loss Level                                 R710.00
Expiry Date                                     2018/08/31
Cover Ratio                                     1:1

Call/Put                                        Call
Style                                           American
Issue Size                                      179 000
JSE Code                                        BTIIHH
ISIN Code                                       ZAE000250197



Investec Bank Limited (“Investec”), as Issuers of the BTIIHH Hot Enhanced Dividend Security (HOTEDs), advised
holders that due to the breach of the stop loss level of R710.00 in the Underlying Share, as of close of business on
Thursday, 22 February 2018 the abovementioned HOTED was terminated.

Further, Investec confirm that a Notice of Rebate with an incorrect Rebate Payment of R9.0241 was sent out on 27
February 2018 (“Incorrect Notice of Rebate”), and that this amended Notice of Rebate is sent out in replacement of
the Incorrect Notice of Rebate.

Therefore, with reference to the above correction, 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 R627.00. This amount will automatically accrue to holders via instruction through STRATE.

The VWAP on 23 February 2018 = R713.7879
The VWAP on 26 February 2018 = R724.2602
The simple average of the 2 day VWAP = R719.0241

Holders will receive R92.0241 for every warrant held.

28 February 2018

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: 28/02/2018 01:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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