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JSE SBKIHD
INVS
SBKIHD - Investec Bank Limited - Notice of barrier for hot enhanced dividend
security - Standard Bank Group Ltd
INVESTEC BANK LIMITED - NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITY -
STANDARD BANK GROUP LTD
Share Standard Bank Group Ltd
Strike Price R57.56
Stop-Loss Level R65.24
Expiry Date 29/06/2009
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 1,500 000
JSE Code SBKIHD ZAE000121547
Investec Bank Limited, as Issuers of the above SBKIHD, Hot Enhanced Distribution
Security (HOT EDS), advised Holders that due to the breach of the stop loss
level of R65.24 in the Underlying Share, as of close of business Friday, 20
February 2009 the abovementioned Hot Enhanced Distribution Security (HOT EDS)
has been terminated.
The Rebate Payment represents 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 R57.56.
This amount will automatically accrue to holders via instruction through STRATE.
The VWAP 23 February 2009= 6517.84 cents
The VWAP on 24 February 2009 = 6249.7 cents
The simple average of the 2 day VWAP = 6383.77cents
Rebate payment of 627.77 cents
Holders will receive R6.28 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: 25/02/2009 12:32:01 Produced by the JSE SENS Department.
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