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JSE
INVS
Investec Bank Limited - Expiry Of Hot Enhanced Dividend Securities
8 May 2008
Share Strike Stop- Cover Call/ Style Issue JSE Code
Price Loss Ratio Put Size
Level
Satrix40 R18.82 R21.33 1:1 Call American 500,000 STXIHA
ZAE0000
94801
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option
expiry on 8 May 2008 (see the related securities above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the underlying securities on or before 5:00 pm, one
business day prior to the Expiry Date.
Should holders choose to expire the "Existing" Hot EDS they should notify
the Investec Equity Derivatives Desk before 5:00 pm, five business days
prior to the Expiry Date. The "Existing" Hot EDS will expire at full
intrinsic value on the respective expiry date. A cash settlement amount
representing the number of Hot EDS held on that date multiplied by the
excess of the simple average of the Volume Weighted Average Price ("VWAP")
of the Underlying Parcel over the two Business Days following the Expiry
Date, over the Exercise Price (Strike Price) will automatically accrue to
the holder.
Should holders not choose either option 1 or 2, Investec will make
arrangement to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS.
(The "New" Hot EDS will be listed on Tuesday, 6 May 2008.) This will be
done on an optimal ratio basis, a cash distribution of any difference
between the intrinsic value inherent to the "Existing" Hot EDS and the
"New" Hot EDS will accrue to the client.
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.: 011 286-4672
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 29/04/2008 16:36:05 Produced by the JSE SENS Department.
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