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JSE CFRIDAREIIDARCHIDA
INVS
INVS - Investec Bank Limited - Adjustment to the terms and conditions of RCHIDA-
ZAE000124020
INVESTEC BANK LIMITED
ADJUSTMENT TO THE TERMS AND CONDITIONS OF RCHIDA- ZAE000124020
CFRIDA - ZAE000128583
REIIDA - ZAE000128567
Investec Enhanced Dividend Securities (EDS)
As a result of Richemont Securities AG corporate action, RCHIDA has been
adjusted accordingly to leave warrant holders in an equivalent cash position as
prior to the corporate action.
For 1 RCHIDA the holder will receive 1 CFRIDA and 1 REIIDA.
CFR close (22 October 2008) = 23.20
REI close (22 October 2008) = 18.20
RCH Theoretical close (22 October 2008) = 23.20+18.20 = 41.40
The following adjustments are made:
Factor 1: CFR close (22 October 2008) / RCH Theoretical (22 October 2008) =
0.560386
Factor 2: REI close (22 October 2008) / RCH Theoretical (22 October 2008) =
0.439614
Prior to RCHIDA After the CFRIDA REIIDA (factor 2)
Corporate Corporate action (factor 1)
Action
Strike R23.78 Adjusted Strike R13.33 R10.45
Price Price (R23.78x
factor)
Barrier R32.42 Adjusted Barrier R18.17 R14.25
Level Level (R32.42 x
factor)
Rebate R8.64 Adjusted Rebate R4.48 R3.80
Payment Payment
(Barrier - (Barrier - Strike)
Strike)
Price R20.56 New Price R11.52 R9.04
Spot R41.40 Spot R23.20 R18.20
Position 100 New Position 100 100
Value Value
R2056.00 R1152.00 + R904.00 = R2056.00
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: 23/10/2008 10:36:12 Produced by the JSE SENS Department.
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