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JSE SBKIHC
INVS
SBKIHC - Investec Bank - Rebate Payment For Hot Enhanced Dividend Securities -
SBKIHC
INVESTEC BANK LIMITED
Share STANDARD BANK GROUP LIMITED
Strike Price R69.47
Stop-Loss Level R78.73
Expiry Date 07/10/2008
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 2,500,000
JSE Code SBKIHC ZAE000113510
Investec Bank Limited, as Issuers of the above SBKIHC, Hot Enhanced Distribution
Security (HOT EDS),advised Holders that due to the breach of the stop loss level
of R78.73 in the Underlying Share, as of close of business Tuesday, 17 June
2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been
terminated.
The Rebate Payment represents the number of HOT EDS held on the termination
date, multiplied by the excess of the simple average of the Volume Weighted
Average Price ("VWAP") of the Underlying Share over the two Business Days
following the Termination Date over the Exercise Price (Strike Price) of R69.47.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP on Wednesday, 18 June 2008 = 7889.61 cents
The VWAP on Thursday, 19 June 2008 = 7750.05 cents
The simple average of the 2 day VWAP = 7819.83
Rebate payment of 872.83 cents
Holders will receive R8.7283 for every warrant held.
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: 20/06/2008 09:40:46 Produced by the JSE SENS Department.
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