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JSE ANGIDE
INVS
ANGIDE - Investec Bank Limited Adjustment to the terms and conditions of ANGIDE
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF ANGIDE- ZAE000114062
Investec Enhanced Dividend Securities (EDS)
As a result of Anglo Gold Ashanti Limited rights issue, ANGIDE has been adjusted
accordingly to leave warrant holders in an equivalent cash position as prior to
the rights issue.
For every 100 ANG holders will receive 24.60403 ANGN
ANG close EX (2 June 2008): 267.10
ANGN close EX (2 June 2008): 74.50
ANG Theoretical close EX (2 June 2008) = (267.10*100 + 74.50*24.60403)/100
= 285.43
The strike price and barrier level has been adjusted to leave ANGIDE with the
same intrinsic as prior to the rights issue.
The following adjustments are made:
Factor: ANG close EX / ANG Theoretical close EX = 0.9358
Prior to ANGIDE After the Corporate ANGIDE
Corporate action
Action
Strike R181.50 Adjusted Strike R169.84
Price Price (56.330 x
factor)
Barrier R247.50 Adjusted Barrier R231.61
Level Level (63.84 x
factor)
Rebate R66.00 Adjusted Rebate R61.77
Payment Payment
(Barrier - (Barrier - Strike)
Strike)
Price R117.55 New Price R110.04
Spot R285.43 Spot R267.10
Position 100 New Position 106
(100/factor)
Value Value
R11, 755.00 R11, 664.24 +
Cash R90.76 =
R11, 755.00
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: 03/06/2008 11:26:01 Produced by the JSE SENS Department.
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