INVESTEC BANK LIMITED - EXPIRY- ESPIBS

EXPIRY- ESPIBS

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


Share                              FTSE/JSE Top 40 Index



Strike Price                       1,000,000
Expiry Date                        11/12/2014
Cover Ratio                        1:1

Call/Put                           Put
Style                              European
Issue Size                         898
JSE Code                           ESPIBS ZAE000157707


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 11 December 2014 (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 19 December 2014.

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 19 December 2014.

Holders of ESPIBS will be notified on Friday, 12 December 2014, and to the extent applicable, the number of new
ESPs that will be allocated per each ESPIBS.

04 December 2014

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)

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