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Mon 7 May 2007, 12:36 INVS - Investec - Variable Strike Warrants: Adjus
JSE   RDFIVCRDFIVB
 INVS                                                                            
INVS - Investec - Variable Strike Warrants:  Adjustment to the Exercise Price as
of 07/05/2007                                                                   
Investec Bank Limited                                                           
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
07/05/2007                                                                      
Share                   Redefine Income Fund   Redefine Income Fund             
                       Limited                Limited                           
Initial Exercise Price  R2.50                  R2.80                            
per Share                                                                       
New Adjusted Exercise   R2.18                  R2.58                            
Price per Share                                                                 
Expiry Date             19/07/2016             12/09/2016                       
Conv. Ratio             1:1                    1:1                              
Call/Put                Call                   Call                             
Style                   European               European                         
Issue Size              10 Million             5 Million                        
JSE Code                RDFIVB                 RDFIVC                           
ISIN Code               ZAE000081816           ZAE000084489                     
As a result of the "Interest Distribution" an adjustment was made to the        
exercise price to ensure the financial position of the warrant holders is       
unprejudiced.  This adjustment is effective from 7 May 2007.  The warrant is    
exercisable only in accordance with the terms and conditions as set out in the  
relevant offering circular.                                                     
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.: 286-4742                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 07/05/2007 12:36:01 Produced by the JSE SENS Department.
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