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JSE
INVS
ACLIDD - Investec Bank - Rebate payment for enhanced dividend securities
INVESTEC BANK LIMITED
REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - ACLIDD
Share ArcelorMittal South Africa Limited
Strike Price R125.99
Stop-Loss Level R171.68
Expiry Date 14/05/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 350,000
JSE Code ACLIDD ZAE000119012
Investec Bank Limited, as Issuers of the above ACLIDD, Enhanced Distribution
Security (EDS), advised Holders that due to the breach of the stop loss level of
R171.68 in the Underlying Share, as of close of business Tuesday, 2 September
2008 the abovementioned Enhanced Distribution Security (EDS) has been
terminated.
The Rebate Payment, represents the number of 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 R125.99. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on Wednesday, 3 September 2008 = 16594.1 cents
The VWAP on Thursday, 4 September 2008 = 16623.4 cents
The simple average of the 2 day VWAP = 16608.75 cents
Rebate payment of 4009.75 cents
Holders will receive R40.0975 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: 15/09/2008 09:17:02 Produced by the JSE SENS Department.
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