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JSE AEGIHA
INVS
AEGIHA - Investec Bank - Adjustment To The Terms And Conditions Of AEGIHA
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF AEGIHA- ZAE000116661
Investec Enhanced Dividend Securities (EDS)
As a result of AVENG Limited special dividend payment, AEGIHA has been
adjusted accordingly to leave warrant holders in an equivalent cash position
as prior to the corporate action.
AEG close LDT (10 Oct 2008): 50.07
AEG special dividend: 1.45
AEG Theoretical close EX (13 Oct 2008) = (50.07-1.45= 48.62) Assuming no
market movement
The strike price and barrier level has been adjusted to leave AEGIHA with
the same intrinsic as prior to the corporate action.
The following adjustments are made:
Factor 1: AEG close LDT (10 Oct 2008) / AEG Theoretical close EX (13 Oct
2008) = 0.971041
Factor 2: Price post Corporate Action / Price prior to Corporate Action =
0.978933
Prior to AEGIHA After the Corporate AEGIHA
Corporate action
Action
Strike Price R43.80 Adjusted Strike Price R42.53
(165.00x factor 1)
Barrier Level R49.64 Adjusted Barrier Level R48.20
(225.00 x factor 1)
Rebate Payment R5.84 Adjusted Rebate R5.67
(Barrier - Payment
Strike) (Barrier - Strike)
Price R7.12 New Price R6.97
Spot R50.07 Spot R48.62
Position 100 New Position 102
(100/factor 2)
Value Value
R712.00 R710.94 +
Cash R1.06 =
R712.00
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: 14/10/2008 15:12:02 Produced by the JSE SENS Department.
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