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INVS - Investec Bank - Expiry of enhanced dividend securities 24 March 2010

Wed, 10 Mar 2010 17:00

JSE   RMHIDBSLMIDGDTCIDG
INVS                                                                            
INVS - Investec Bank - Expiry of enhanced dividend securities 24 March 2010     
INVESTEC BANK LIMITED                                                           
EXPIRY OF ENHANCED DIVIDEND SECURITIES 24 MARCH 2010                            
Share               Datatec Limited             RMB Holdings Limited            
Strike Price        R9.50                       R12.25                          
Stop-Loss Level     R13.00                      R16.75                          
Expiry Date         24/03/2010                  24/03/2010                      
Cover Ratio         1:1                         1:1                             
Call/Put            Call                        Call                            
Style               American                    American                        
Issue Size          133000                      648000                          

JSE Code            DTCIDG   ZAE000137303       RMHIDB   ZAE000137295           
Share               Sanlam Limited                                              
Strike Price        R9.25                                                       
Stop-Loss Level     R12.75                                                      
Expiry Date         24/03/2010                                                  
Cover Ratio         1:1                                                         
Call/Put            Call                                                        
Style               American                                                    
Issue Size          1735000                                                     
JSE Code            SLMIDG   ZAE000137311                                       
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities     
(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" EDS they should notify the  
    Investec Equity Derivatives Desk before 12:00 hours, Tuesday 16 March 2010. 
    The "Existing" EDS will expire at full intrinsic value on the respective    
expiry date.  A cash settlement amount representing the number of 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" EDS and sell the "New" EDS. (The     
    "New" 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" EDS and the "New" 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 16:44:02 Produced by the JSE SENS Department.                  
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