INVESTEC BANK LIMITED - BILIHC and REMIHM - Rebate Notice

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)

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