INVESTEC BANK LTD - Expiry and roll of ESPIBD

Expiry and roll of ESPIBD

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)




                                    Old Position (ESPIBD)                     New Position (SPIB14)

Index                               S&P 500 Index                             S&P 500 Index

Strike Price                        1,756.54                                  2,391.17
Expiry Date                         28 April 2017                             06 November 2020
Cover Ratio                         1:1                                       1:1

Call/Put                            Put                                       Put
Style                               European                                  European
Issue Size                          16,169                                    17,939
JSE Code                            ESPIBD ZAE000185740                       SPIB14 ZAE



Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their option expiry which occurred on 28 April 2017 (see the related securities above).

The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date and hence the Put Option
expired in the money. As a result thereof, the Holder will sell the Underlying Securities to the Issuer and the equivalent
Put Strike Price of R18, 243.36 per ESPIBD will automatically accrue to the Holder via instruction through STRATE on
05 May 2017.

Holders that have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest into a
new quantity of new ESPs shall receive one new SPIB14 to be listed on 16 May 2017, for every ESPIBD held. The
Holders’ new positions in SPIB14 following the expiry of ESPIBD will be allocated on 19 May 2017.



Date: 03 May 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: 03/05/2017 02:00:00 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.