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Fri 18 Sep 2009, 16:58 INVS - Investec - Investec Variable Strike Warrants: Adjustment To The Exercise
JSE   HYPIVCHYPIVB
INVS                                                                            
INVS - Investec - Investec Variable Strike Warrants:  Adjustment To The Exercise
Price As Of 18/09/2009                                                          
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
18/09/2009                                                                      
Share               Hyprop Investments   Hyprop Investments Limited             
                   Limited                                                      
                                                                                

Adjusted Exercise   R6.78                R19.37                                 
Price per Share                                                                 
Expiry Date         19/07/2016           24/07/2019                             
Cover Ratio         1:1                  1:1                                    
Call/Put            Call                 Call                                   
Style               European             European                               
Issue Size          5Million             77000                                  
JSE Code            HYPIVB ZAE000081782  HYPIVC ZAE000138202                    
As a result of the Recalculation based on Interest Distribution an adjustment   
has been made to the exercise prices of the above-mentioned Variable Strike     
warrants.  These adjustments are effective from 18 September 2009.  The warrant 
is exercisable only in accordance with the terms and conditions as set out in   
the relevant offering circular.                                                 
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.: 286-4742                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 18/09/2009 16:58:03 Produced by the JSE SENS Department.                  
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