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INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 24

Wed, 10 Mar 2010 17:00

JSE   REMIHDPPCIHH
INVS                                                                            
INVS - Investec Bank Limited - Expiry of hot enhanced dividend securities 24    
March 2010                                                                      
INVESTEC BANK LIMITED                                                           
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 24 MARCH 2010                        
Share               Pretoria Portland Cement     Remgro Limited                 
Strike Price        R21.50                       R53.25                         
Stop-Loss Level     R24.50                       R60.50                         
Expiry Date         24/03/2010                   24/03/2010                     
Cover Ratio         1:1                          1:1                            
Call/Put            Call                         Call                           
Style               American                     American                       
Issue 
Size          658,000                      424,000                        
JSE Code            PPCIHH ZAE000137279          REMIHD ZAE000137287            
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities 
(HOT EDS), hereby reminds holders of their imminent option expiry on 24 March   
2010 (see the related securities above).                                        
1    Holders may choose to exercise and pay the Exercise Price (Strike Price) in
    order to receive the underlying securities on or before 12:00 hours, one    
    business day prior to the Expiry Date.                                      
2    Should holders choose to expire the "Existing" Hot EDS they should notify  
    the Investec Equity Derivatives Desk before 12:00 hours, Tuesday 16 March   
    2010. The "Existing" Hot EDS will expire at full intrinsic value on the     
    respective expiry date.  A cash settlement amount representing the number   
of Hot EDS held on that date 
multiplied by the excess of the simple average 
    of the Volume Weighted Average Price ("VWAP") of the Underlying Parcel over 
    the two Business Days following the Expiry Date, over the Exercise Price    
    (Strike Price) will automatically accrue to the holder.                     
3    Should holders not choose either option 1 or 2, Investec will make         
    arrangement to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS.  
    (The "New" Hot EDS, will be listed on the 17 March 2010) This will be done  
    on an optimal ratio basis, a cash distribution of any difference between    
the intrinsic value inherent to the "Existing" Hot EDS and the "New" Hot    
    EDS will accrue to the client.                                              
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 Limited                                                 
    Member of the JSE                                                           
Registration number. 1972/008905/06)                                        
Date: 10/03/2010 
16:43:02 Produced by the JSE SENS Department.                  
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