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Fri 28 Mar 2008, 13:29 INVS - Investec - Variable strike warrants
JSE   GRTIVBRDFIVCRDFIVBSYCIVBFPTIVBHYPIVB
 INVS                                                                            
INVS - Investec - Variable strike warrants                                      
Investec                                                                        
Variable Strike Warrants-28 Mar08                                               
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
28/03/08                                                                        
Share               Fountainhead    Growthpoint       Hyprop Investments        
                   Property Trust  Properties        Limited                    
Limited                                      
Adjusted Exercise   R1.86           R3.11             R8.98                     
Price per Share                                                                 
Expiry Date         19/07/2016      19/07/2016        19/07/2016                
Cover Ratio         1:1             1:1               1:1                       
Call/Put            Call            Call              Call                      
Style               European        European          European                  
Issue Size          10 Million      10 Million        5 Million                 
JSE Code            FPTIVB          GRTIVB            HYPIVB                    
                   ZAE000098265    ZAE000081774      ZAE000081782               
Share               Redefine        Redefine Income   Sycom Property            
                   Income Fund     Fund Limited      Fund                       
Limited                                                      
Adjusted Exercise   R1.91           R2.32             R6.07                     
Price per Share                                                                 
Expiry Date         19/07/2016      10/09/2016        19/07/2016                
Cover Ratio         1:1             1:1               1:1                       
Call/Put            Call            Call              Call                      
Style               European        European          European                  
Issue Size          10 Million      5 Million         5 Million                 
JSE Code            RDFIVB          RDFIVC            SYCIVB                    
                   ZAE000081816    ZAE000084489      ZAE000081824               
As a result of the Recalculation based on Interest Distribution an adjustment   
has been made to the exercise prices of the above-mentioned Variable Strike     
warrants.  These adjustments are effective from 28 March 2008.  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: 28/03/2008 13:29:50 Produced by the JSE SENS Department.                  
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