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JSE NPNIDAGRYIDARLOIDAAPAIDATKGIDBRDFIDBTKGIDCMLAIDBHARIDCRDFIDAHARIDDBILIDCIM
INVS
Investec Bank Limited - Expiry of Enhanced Dividend Securities 15 May 2007
Investec Bank Limited
Share African Bank Anglo American Anglo Platinum
Investments plc Limited
Strike Price R14.00 R150.00 R390.00
Stop-Loss Level R19.50 R205.00 R530.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code ABLIDC AGLIDC AMSIDB
ZAE000082756 ZAE000083010 ZAE000082764
Share ApexHi BHP Billiton The Bidvest Group
Properties plc Limited
Limited
Strike Price R 7.20 R 72.50 R55.00
Stop-Loss Level R9.80 R 100.00 R75.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code APAIDA BILIDB BVTIDA
ZAE000081501 ZAE000082772 ZAE000081139
Share Gold Fields Growthpoint Allan Gray
Limited Properties Property Trust
Limited
Strike Price R 90.00 R 6.40 R2.95
Stop-Loss Level R122.00 R8.70 R4.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code GFIIDC GRTIDA GRYIDA
ZAE000082780 ZAE000081527 ZAE000081519
Share Harmony Gold Impala Liberty
Mining Platinum International plc
Company Holdings
Limited Limited
Strike Price R 58.00 R660.00 R66.00
Stop-Loss Level R 79.00 R900.00 R90.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code HARIDC IMPIDC LBTIDA
ZAE000082798 ZAE000082814 ZAE000080669
Share Mittal Steel Naspers Palabora Mining
South Africa Limited Company Limited
Limited
Strike Price R 42.00 R75.00 R22.00
Stop-Loss Level R 57.00 R102.00 R30.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code MLAIDB NPNIDA PAMIDA
ZAE000082822 ZAE000080495 ZAE000081147
Share Redefine Remgro Limited Reunert Limited
Income Fund
Limited
Strike Price R 3.15 R 75.00 R42.00
Stop-Loss Level R4.30 R 103.00 R 57.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code RDFIDA REMIDC RLOIDA
ZAE000081535 ZAE000082830 ZAE000080362
Share Shoprite Telkom SA Western Areas
Holdings Limited Limited
Limited
Strike Price R13.50 R 68.00 R 21.50
Stop-Loss Level R18.50 R 94.00 R29.00
Expiry Date 15/05/2007 15/05/2007 15/05/2007
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 20 Million 20 Million 20 Million
JSE Code SHPIDA TKGIDB WARIDA
ZAE000083069 ZAE000083044 ZAE000081899
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent expiry
on 15 May 2007 (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 5:00 pm, 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 5:00 pm, five business day prior to the
Expiry Date. 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 at no bid-
offer spread margin. This will be done on a one-for-one basis, a cash
distribution of the difference between the intrinsic value inherent to the
"Existing" EDS and the less expensive "New" EDS will accrue to the client.
However, if the "New" EDS are more expensive than the "Expiring` EDS, Investec
will apply a ratio and pay the cash difference.
INVESTEC BANK LIMITED - IF HOLDERS EXERCISE OPTION 3, THEN THE EXPIRED ENHANCED
DIVIDEND SECURITIES WILL ROLL INTO THE FOLLOWING ENHANCED DIVIDEND SECURITIES
Share ApexHi African Bank Anglo American
Properties Investments plc
Limited
Strike Price R8.70 R16.75 R193.75
Stop-Loss Level R11.85 R25.12 R290.60
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 700,000 2 Million 2 Million
JSE Code APAIDB ABLIDD AGLIDD
ZAE000094744 ZAE000094595 ZAE000094603
Share Anglo BHP Billiton The Bidvest Group
Platinum plc plc Limited
Strike Price R595.50 R82.00 R69.10
Stop-Loss Level R893.25 R123.26 R103.65
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 500,000 4Million 1 Million
JSE Code AMSIDC BILIDC BVTIDB
ZAE000094611 ZAE000094629 ZAE000094637
Share Growthpoint Allan Gray Harmony Gold
Properties Property Trust Mining Company
Limited Limited
Strike Price R8.20 R3.70 R56.00
Stop-Loss Level R11.20 R5.20 R84.00
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,75 Million 1,25 Million 1,25 Million
JSE Code GRTIDB GRYIDB HARIDD
ZAE000094751 ZAE000094769 ZAE000094645
Share Impala Liberty Mittal Steel
Platinum International South Africa
Holdings plc Limited
Limited
Strike Price R117.00 R88.50 R61.50
Stop-Loss Level R175.50 R132.75 R92.25
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 2 Million 500,000 1 Million
JSE Code IMPIDD LBTIDB MLAIDC
ZAE000094652 ZAE000094660 ZAE000094678
Share Naspers Palabora Redefine Income
Limited Mining Company Fund Limited
Limited
Strike Price R91.75 R33.75 R4.35
Stop-Loss Level R137.62 R50.60 R5.90
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,500,000 400,000 1 Million
JSE Code NPNIDB PAMIDB RDFIDB
ZAE000094686 ZAE000094694 ZAE000094777
Share Remgro Reunert Telkom SA Limited
Limited Limited
Strike Price R92.25 R38.75 R87.15
Stop-Loss Level R138.37 R58.12 R13.072
Expiry Date 5/15/2008 5/15/2008 5/15/2008
Conv. Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,000,000 750,000 1,250,000
JSE Code REMIDD RLOIDB TKGIDC
ZAE000094710 ZAE000094728 ZAE000094736
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: 14/05/2007 16:56:04 Produced by the JSE SENS Department.
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