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Tue 11 Sep 2007, 16:59 INVS - Investec - Variable Strike Warrants - Adjus
JSE   GRTIVBSACIVARDFIVCFPTIVARDFIVBSYCIVBFPTIVBHYPIVB
 INVS                                                                            
INVS - Investec - Variable Strike Warrants - Adjustment to the Exercise Price   
Investec Bank Limited                                                           
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
11/09/2007                                                                      
Share            Fountainhead   Fountainhead Growthpoint    Hyprop              
                Property       Property     Properties     Investments          
                Trust          Trust        Limited        Limited              
Adjusted         R0.12          R2.08        R3.62          R10.38              
Exercise Price                                                                  
per Share                                                                       
Expiry Date      18/09/2013     19/07/2016   19/07/2016     19/07/2016          
Conv. Ratio      1:1            1:1          1:1            1:1                 
Call/Put         Call           Call         Call           Call                
Style            European       European     European       European            
Issue Size       25 Million     10 Million   10 Million     5 Million           
JSE Code         FPTIVA         FPTIVB       GRTIVB         HYPIVB              
                ZAE000098232   ZAE000098265 ZAE000081774   ZAE000081782         
                                                                                
Share            Redefine       Redefine     SA Corporate   Sycom Property      
Income Fund    Income Fund  Real Estate    Fund                 
                Limited        Limited      Fund                                
Adjusted         R2.19          R2.60        R0.27          R6.71               
Exercise Price                                                                  
per Share                                                                       
Expiry Date      19/07/2016     10/09/2016   18/09/2013     19/07/2016          
Conv. Ratio      1:1            1:1          1:1            1:1                 
Call/Put         Call           Call         Call           Call                
Style            European       European     European       European            
Issue Size       10 Million     5 Million    25 Million     5 Million           
JSE Code         RDFIVB         RDFIVC       SACIVA         SYCIVB              
                ZAE000081816   ZAE000084489 ZAE000048997   ZAE000081824         
As a result of the Recalculation based on Interest Distribution an adjustment   
has been made to the exercise price of the above-mentioned Variable Strike      
warrants.  This adjustment is effective from 11 September 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: 11/09/2007 16:59:10 Produced by the JSE SENS Department.                  
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