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JSE ACLIHD
INVS
ACLIHC - Investec Bank Limited - Rebate payment for hot enhanced dividend
securities - ACLIHD
INVESTEC BANK LIMITED - REBATE PAYMENT FOR HOT ENHANCED DIVIDEND SECURITIES -
ACLIHD
Share ArcelorMittal South Africa Limited
Strike Price R108.25
Stop-Loss Level R122.68
Expiry Date 01/09/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 350,000
JSE Code ACLIHC ZAE000126199
Investec Bank Limited, as Issuers of the above ACLIHD, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R122.68 in the Underlying Share, as of close of business Monday, 6
October 2008 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has
been terminated.
The Rebate Payment, represented by 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
R108.25. This amount will automatically accrue to holders via instruction
through STRATE.
The VWAP on Tuesday, 7 October 2008 = 24302.5cents
The VWAP on Wednesday, 8 October 2008 = 24030.3 cents
The simple average of the 2 day VWAP = 24166.4 cents
No rebate will be paid out as the average VWAP is less that the strike.
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: 09/10/2008 14:26:02 Produced by the JSE SENS Department.
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