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JSE TBSIDD
INVS
TBSIDD - Investec Bank - Adjustment to the terms and conditions Of TBSIDD
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF TBSIDD - ZAE000115499
Investec Enhanced Dividend Securities (EDS)
As a result of the unbundling by Tiger Brands Limited of Adcock Ingram Holdings
Limited, TBSIDD has been adjusted accordingly to leave warrant holders in an
equivalent cash position as prior to the unbundling.
For every 100 TBS the holder will receive 100 API.
TBS close LDT (22 August 2008): 158.50
TBS close EX (25 August 2008): 127.00
AIP close EX (25 August 2008): 34.05
TBS Theoretical close EX (25 August 2008) = (127.00+34.05) = 161.05
The following adjustments have been made:
Factor: TBS close EX / TBS Theoretical close EX = 0.788574976715306
Prior to TBSIDD After the Corporate TBSIDD
Corporate Action action
Strike Price R71.78 Adjusted Strike R56.60
Price (71.78x
factor)
Barrier Level R97.88 Adjusted Barrier R77.19
Level (97.88 x
factor)
Rebate Payment R26.10 Adjusted Rebate R20.58
(Barrier - Payment
Strike) (Barrier - Strike)
Price R92.38 New Price R72.88
Spot R161.05 Spot R127
Position 100 New Position 126
(100/factor)
Value Value
R9238.00 R9182.88 +Cash
R55.12= R9238.00
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: 25/08/2008 17:55:01 Produced by the JSE SENS Department.
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