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Mon 5 May 2008, 10:26 DEUT - Deutsche Bank AG - Bidvest Ltd Warrant Noti
JSE   BVTDBSBVTDBD
 DEUT                                                                            
DEUT - Deutsche Bank AG - Bidvest Ltd Warrant Notice                            
BIDVEST LTD WARRANT NOTICE                                                      
Holders of the Warrants below are referred to the notice to shareholders of     
BIDVEST LTD "BVT", regarding the corporate action.                              
BIDVEST LTD will acquire 1.82 BVT shares for every 100 BVT shares held in return
for a consideration of R121.00 per BVT share acquired.                          
With regard to this corporate action, the following adjustments will be made to 
BVT warrants effective Monday the 5th May 2008 (Ex date).                       
Previous Parameters                                                             
Warrant ISIN          Type    Strike         Expiry Date                        
Code                          Price   Cover                                     
Ratio                                      
BVTDBD  DE000DB9LTK0  AC      135.00  35.00  2008-Sep-11                        
BVTDBS  DE000DB9LTL8  EP      115.00  35.00  2008-Sep-11                        
Adjusted Parameters                                                             
Warrant ISIN                  Strike         Expiry Date                        
Code                          Price   Cover                                     
                                     Ratio                                      
BVTDBD  DE000DB9LTK0  AC      134.85  34.96  2008-Sep-11                        
BVTDBS  DE000DB9LTL8  EP      114.87  34.96  2008-Sep-11                        
The above adjustments have been made from the start of trading on 5th May 2008. 
The effects of the adjustments will place the holders in the same position, had 
the corporate action not taken place.                                           
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange   
Square, 87 Maude Street, Sandton: (Tel (011) 775-7994 or e-mail x-              
markets@db.co.za)                                                               
Date: 05/05/2008 10:26:01 Produced by the JSE SENS Department.                  
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