| Wed 1 Oct 2008, 9:57 | | INVS - Investec Bank Limited - Expiry notice of enhanced dividend securities on |
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JSE APNIDDSOLIDDHVLIDCMTNIDDSABIDCEXXIDB
INVS
INVS - Investec Bank Limited - Expiry notice of enhanced dividend securities on
15 october 2008
INVESTEC BANK LIMITED
EXPIRY NOTICE OF ENHANCED DIVIDEND SECURITIES ON 15 OCTOBER 2008
Share Aspen Pharmacare Exxaro Resources Highveld Steel
Holdings Limited Limited and Vanadium
Corporation
Limited
Strike R20.50 R55.50 R62.00
Price
Stop-Loss R28.00 R75.75 R84.00
Level
Expiry Date 15/10/2008 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 1,500,000 20,000,000 100,000
JSE Code APNIDD EXXIDB HVLIDC
ISIN Code ZAE000108635 ZAE000108767 ZAE000108734
Share MTN Group Limited SABMiller Plc Sasol Limited
Strike R65.50 R105.50 R182.00
Price
Stop-Loss R89.50 R144.00 R248.00
Level
Expiry Date 15/10/2008 15/10/2008 15/10/2008
Cover Ratio 1:1 1:1 1:1
Call/Put Call Call Call
Style American American American
Issue Size 3,000,000 3,000,000 20,000,000
JSE Code MTNIDD SABIDC SOLIDD
ISIN Code ZAE000108775 ZAE000108825 ZAE000108858
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their imminent option expiry on 15October 2008
(see the related securities above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the
underlying securities on or before 5:00 pm, one business day prior to the Expiry
Date.
Should holders choose to expire the "Existing" EDS they should notify the
Investec Equity Derivatives Desk before 5:00 pm, Wednesday 8 October 2008. The
"Existing" EDS will expire at full intrinsic value on the respective expiry
date. A cash settlement amount representing the number of 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.
Should holders not choose either option 1 or 2, Investec will make arrangement
to buy-back the "Existing" EDS and sell the "New" EDS. (The "New" EDS, were
listed on the 11 September 2008). This will be done on an optimal ratio basis, a
cash distribution of any difference between the intrinsic value inherent to the
"Existing" EDS and the "New" EDS will accrue to the client.
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: 01/10/2008 09:57:03 Produced by the JSE SENS Department.
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