BILIHC and REMIHM - Rebate Notice INVESTEC BANK LIMITED NOTICE OF REBATE Share BHP Billiton PLC Strike Price R 152.00 Stop-Loss Level R 172.00 Expiry Date 15/05/2018 Cover Ratio 1:1 Call/Put Call Style American Issue Size 700 000 JSE Code BILIHC ISIN Code ZAE000244869 Share Remgro Limited Strike Price R 169.00 Stop-Loss Level R 190.00 Expiry Date 15/05/2018 Cover Ratio 1:1 Call/Put Call Style American Issue Size 300 000 JSE Code REMIHM ISIN Code ZAE000244877 Investec Bank Limited, as Issuers of the above BILIHC and REMIHM Hot Enhanced Distribution Security (HotEDS), advised holders that the abovementioned Hot Enhanced Distribution Security (HotEDS) expired on 15 May 2018. With respect to BILIHC, the Rebate Payment, represented by the number of HotEDS held on the expiry 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 Expiry Date over the Exercise Price (Strike Price) of R 152.00. This amount will automatically accrue to holders via instruction through STRATE. The VWAP on, 16 May 2018 = R 293.1739 The VWAP on, 17 May 2018 = R 294.4907 The simple average of the 2 day VWAP = R 293.8323 Holders will receive R 141.8323 for every warrant held. With respect to REMIHM, the Rebate Payment, represented by the number of HotEDS held on the expiry 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 Expiry Date over the Exercise Price (Strike Price) of R 169.00. This amount will automatically accrue to holders via instruction through STRATE. The VWAP on, 16 May 2018 = R 214.4227 The VWAP on, 17 May 2018 = R 212.5939 The simple average of the 2 day VWAP = R 213.5083 Holders will receive R 44.5083 for every warrant held. 18 May 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.investecwarrants.com Sponsor Investec Securities (Pty) Ltd Member of the JSE Registration number. 1972/008905/07) Date: 18/05/2018 10:43:00 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.