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JSE SOLIHABILIHASOLIHBTKGIHBMTNIHBTKGIHAASAIHBBILIHBAGLIHASBKIHBMTNIHAAGLIHBSB
INVS
Investec Bank Limited - Expiry of Enhanced Dividend
Investec Bank Limited
Announcement to Warrant Holders of the Old Position of the Hot Enhanced
Dividend Securities Which Expired 8 May 2007 and Their New Positions
Share Old Position Price New Position Price Conv. Cash per
Ratio ratio
Anglo AGLIHA R161.70 AGLIHB R156.67 1:1 R5.03
American plc ZAE000083499 ZAE000092169
Absa Group ASAIHA R 67.30 ASAIHB R47.88 1:1 R19.42
Limited ZAE000083507 ZAE000092151
BHP Billiton BILIHA R 65.42 BILIHB R71.03 3:2 R54.20
plc ZAE000083515 ZAE000092177
MTN Group MTNIHA R 62.00 MTNIHB R41.40 1:1 R20.60
Limited ZAE000083523 ZAE000092243
Standard Bank SBKIHA R 51.50 SBKIHB R39.06 1:1 R12.44
Group ZAE000083531 ZAE000092268
Sasol Limited SOLIHA R65.30 SOLIHB R84.18 4:3 R8.66
ZAE000083549 ZAE000092276
Telkom SA TKGIHA R 75.80 TKGIHB R63.03 1:1 R12.77
Limited ZAE000083556 ZAE000092292
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(Hot EDS), would like to inform warrant holders who rolled their Hot EDS into
the "New" series of Hot EDS of the positions in which their securities closed
out yesterday, Tuesday 8th May 2007 and to inform warrant holders of their new
positions.
If there is a difference between the intrinsic value inherent to the "Expired"
Hot EDS and the less expensive "New" Hot EDS this will accrue to the client as
seen in the cash per ratio above. If the intrinsic value inherent in the
expired Hot EDS is less than the "New" Hot EDS, then a ratio will be applied.
For example, SOLIHA/SOLIHB has a 4:3 ratio. This implies that for every 4
expired Hot EDS, SOLIHA (4 x 65.30 = 261.20) the warrant holder receives 3
SOLIHB (3 x 84.18 =252.54). However, there is cash owing to the holder. The
holder then receives this as a cash payment.
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: 09/05/2007 09:59:13 Produced by the JSE SENS Department.
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