Release Date: 16/05/2018 15:16
Code(s): ESPIBL
Wrap Text
Imminent Expiry- ESPIBL



Share/ Reference Index             FTSE/JSE Top 40 Index

Strike Price                       44,693.72
Expiry Date                        25 May 2018
Cover Ratio                        1:1

Call/Put                           Put
Style                              European
Issue Size                         3,366
JSE Code                           ESPIBL ZAE000199311

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 25 May 2018 (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 31 May 2018.

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 31 May 2018.

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 11 June 2018.

Date: 16 May 2018

Copies of the offering circular may be obtained from:
         Investec Bank Limited
         100 Grayston Drive
For further information contact:
         Investec Warrants
         Tel.: 011 286-4672

           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07)

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