INVESTEC BANK LIMITED - GRTIVD, GRTIVE, IPFIVB, RDFIVD, VKEIVA - Adjustment

GRTIVD, GRTIVE, IPFIVB, RDFIVD, VKEIVA - Adjustment

INVESTEC WARRANTS


ADJUSTMENT TO STRIKE PRICES ANNOUNCEMENT ON VARIABLE STRIKE WARRANTS


 Investec Variable Strike Warrants: Adjustment to the Exercise Price as of 2 September 2019


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



 Growthpoint Properties     494.9879     01/04/2022       1:1      Call     European       GRTIVD
 Limited                                                                                 ZAE000166419


 Growthpoint Properties    1703.8060     15/03/2028       1:1      Call     European       GRTIVE
 Limited                                                                                 ZAE000179065


 Investec Property Fund     182.3327     01/04/2022       1:1      Call     European        IPFIVB
 Limited                                                                                 ZAE000166427


 Redefine Properties        545.6939     21/05/2024       1:1      Call     European       RDFIVD
 Limited                                                                                 ZAE000179073


 Vukile Property Fund       263.7902     21/05/2024       1:1      Call     European        VKEIVA
                                                                                         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 2 September 2019.
The warrants are exercisable only in accordance with the terms and conditions as set out in the relevant offering
circular.

2 September 2019


 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: 02/09/2019 02:55:00
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