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JSE SBKIDE
INVS
SBKIDE - Investec Enhanced Dividend Securities
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF SBKIDE - ZAE000115150
Investec Enhanced Dividend Securities (EDS)
As a result of the Standard Bank Group Limited corporate action, all Standard
Bank holdings will be decreased by 11.11% at a price of R136, leaving the
holders in the same cash position before and after the corporate action.
The holder`s SBKIDE position is adjusted.
An example is used to illustrate the adjustment.
LDT Spot: 93
EX Spot: 87.63
Price LDT: 50.21
Price EX: 44.66
For every 100 options held, Investec Bank Limited will buy back 11% of the
holder`s option position at a price of R95.16 thus keeping his cash position the
same before and after the corporate action.
SBKIDE
LDT EX
Price 50.20983023 44.653709
Spot 93 87.625605
Position 89.00
100.00
Value 5020.983023 3974.1801 + cash
(1046.8029) =5020.983
Price at which 11 options are bought back = 1046.8029 / (0.11*(position=100) =
95.16
Final levels will be announced after close of business on Friday 22 February
2008.
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: 21/02/2008 15:53:25 Produced by the JSE SENS Department.
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