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Tue 12 Jun 2007, 12:11 SYCIVB - Investec - Variable Strike Warrants
JSE   SYCIVB
 INVS                                                                            
    SYCIVB - Investec - Variable Strike Warrants                                
                                                                                
    Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of  
1/06/2007                                                                   
    Share                                Sycom Property Fund                    
    Initial Exercise Price per Share     R 8.00                                 
    Adjusted Exercise Price per Share    R7.26                                  
Expiry Date                          19/07/2016                             
    Conv. Ratio                          1:1                                    
    Call/Put                             Call                                   
    Style                                European                               
Issue Size                           5 Million                              
    JSE Code                             SYCIVB ZAE000081824                    
    As a result of the Recalculation an adjustment has been made to the         
    exercise price to ensure the financial position of the warrant holders is   
unprejudiced.  This adjustment is effective from 11 June 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: 12/06/2007 12:11:31 Produced by the JSE SENS Department.
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