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JSE ACLIRP
INVS
ACLIRP - Investec Bank Limited - Rebate payment for barrier put warrant
securities
INVESTEC BANK LIMITED -REBATE PAYMENT FOR BARRIER PUT WARRANT SECURITIES -
ACLIRP
Share ArcelorMittal South Africa Ltd
Strike Price R111.83
Stop-Loss Level R93.19
Expiry Date 11/11/2009
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 500 000
JSE Code ACLIRP ZAE000128963
Investec Bank Limited, as Issuers of the above ACLIRP, Barrier Put Warrant
Security (REVS), advised Holders that due to the breach of the stop loss level
of R93.19 in the Underlying Share, as of close of business on Monday, 5 January
2009 the abovementioned Barrier Put Warrant (REVS) has been terminated.
The Rebate Payment represents the number of REVS 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 R111.83. This amount
will automatically accrue to holders via instruction through STRATE.
The VWAP on, 6 January 2009 = R100.62
The VWAP on, 7 January 2009 = R98.04
The simple average of the 2 day VWAP = R99.33
Holders will receive R 12.50 for every warrant held
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: 08/01/2009 09:48:24 Produced by the JSE SENS Department.
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