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JSE STXIHA
INVS
STXIHA - Investec Bank Limited - Expiry of hot enhanced dividend securities 15
May 2008
INVESTEC BANK LIMITED
Share Satrix40
Strike Price R18.82
Stop-Loss Level R21.33
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 500,000
JSE Code STXIHA ZAE000094801
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 15 May 2008
(see the related securities above).
1 Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive theunderlying securities on or before 5:00 pm, one
business day prior to the Expiry Date.
2 Should holders choose to expire the "Existing" Hot EDS they should notify
the Investec Equity Derivatives Desk before 5:00 pm, Tuesday 13 May 2008.
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.
3 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.
4
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: 09/05/2008 14:48:01 Produced by the JSE SENS Department.
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