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JSE NPNIHDSABIHC
INVS
INVS - Investec Bank - Expiry of hot enhanced dividend securities 19
November 2008
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 19 NOVEMBER 2008
Share Naspers Ltd SABMiller plc
Strike R102.75 R117.98
Price
Stop-Loss R116.45 R133.71
Level
Expiry Date 19/11/2008 19/11/2008
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 500 000 500 000
JSE Code NPNIHD SABIHC
ISIN Code ZAE000115044 ZAE000115051
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend
Securities (HOT EDS), hereby reminds holders of their imminent option
expiry on 19 November 2008 (see the related securities above).
1. 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.
2. Should holders choose to expire the "Existing" Hot EDS they should
notify the Investec Equity Derivatives Desk before 5:00 pm, Wednesday 12
November 2008. The "Existing" Hot EDS will expire at full intrinsic value
on the respective expiry date. A cash settlement amount representing the
number of Hot 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.
3. Should holders not choose either option 1 or 2, Investec will make
arrangement to buy-back the "Existing" Hot EDS and sell the "New" Hot EDS.
(The "New" Hot EDS, will be listed on the 12 November 2008) This will be
done on an optimal ratio basis, a cash distribution of any difference
between the intrinsic value inherent to the "Existing" Hot EDS and the
"New" Hot 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: 06/11/2008 15:34:01 Produced by the JSE SENS Department.
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