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Mon 19 Nov 2007, 17:37 FSRIBW - Investec Bank Limited - Adjustment to the
JSE   FSRIBW
 INVS                                                                            
FSRIBW - Investec Bank Limited - Adjustment to the strike price and cover       
ratio of firstrand limited warrants                                             
INVESTEC BANK LIMITED                                                           
ADJUSTMENT TO THE STRIKE PRICE AND COVER RATIO OF FIRSTRAND LIMITED WARRANTS    
("FSRIBW")                                                                      
Investec Stock Warrants                                                         
Share                                       FirstRand limited                   
Old Strike Price                            R20.00                              
New Strike Price                            R18.70                              
Expiry Date                                 4 March 2008                        
Old Cover Ratio                             5:1                                 
New Cover ratio                             4.67: 1                             
Call/Put                                    Put                                 
Style                                       European                            
Issue Size                                  100 Million                         
JSE Code                                    FSRIBW ZAE000106373                 
As a result of the unbundling by FirstRand Limited of it`s shareholding in      
Discovery Holdings Limited, Investec Bank Limited have made an adjustment to    
ensure the financial position of the warrant holder is unprejudiced by this     
event.  The strike price and cover ratio of FSRIBW has been adjusted            
accordingly. This adjustment will reflect on Wednesday, 21 November 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.: 0860 103 343                                                              
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 19/11/2007 17:37:51 Produced by the JSE SENS Department.                  
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