INVESTEC BANK LIMITED - ADJUSTMENT TO STRIKE PRICES ANNOUNCEMENT ON VARIABLE STRIKE WARRANTS

ADJUSTMENT TO STRIKE PRICES ANNOUNCEMENT ON VARIABLE STRIKE WARRANTS

INVESTEC WARRANTS


ADJUSTMENT TO STRIKE PRICES ANNOUNCEMENT ON VARIABLE STRIKE WARRANTS


 Investec Variable Strike Warrants: Adjustment to the Exercise Price as of 1 September 2015


 Share                      Adjusted     Expiry Date   Cover    Call/Put     Style        JSE Code
                            Exercise                   Ratio
                            Price per
                              Share
                             (cents)




 Growthpoint Properties                                                                     GRTIVC
 Limited                    211.7525     24/07/2019      1:1      Call     European       ZAE000138194


 Growthpoint Properties                                                                     GRTIVD
 Limited                    946.3909     01/04/2022      1:1      Call     European       ZAE000166419


 Growthpoint Properties                                                                     GRTIVE
 Limited                    1818.7464    15/03/2028      1:1      Call     European       ZAE000179065


 Hyprop Investments                                                                         HYPIVC
 Limited                    434.8405     24/07/2019      1:1      Call     European       ZAE000138202


 Investec Property Fund                                                                      IPFIVA
 Limited                    310.5849     24/07/2019      1:1      Call     European       ZAE000162939


 Investec Property Fund                                                                      IPFIVB
 Limited                    560.2234     01/04/2022      1:1      Call     European       ZAE000166427


 Redefine Properties                                                                        RDFIVD
 Limited                    682.0891     21/05/2024      1:1      Call     European       ZAE000179073


 Vukile Property Fund Ltd                                                                    VKEIVA
                            708.2265     21/05/2024      1:1      Call     European       ZAE000182952




As a result of the Recalculation based on the Dividend Distributions an adjustment has been made to the exercise
prices of the above-mentioned Variable Strike warrants. These adjustments are effective from 1 September 2015.
The warrants are exercisable only in accordance with the terms and conditions as set out in the relevant offering
circular.

1 September 2015
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.: 0860 103 343
         E-mail: warrants@investec.co.za
         Internet: www.investecwarrants.com

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

Date: 01/09/2015 05:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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