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JSE BILIHG
INVS
BILIHG - Investec Bank Limited - Expiry of Hot Enhanced Dividend Securities 14
FEBRUARY 2011
Share BHP Billiton Plc
Strike Price R150.00
Stop-Loss Level R170.00
Expiry Date 14/02/2011
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 3119000
JSE Code BILIHG ZAE000146585
Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities
(HOT EDS), hereby reminds holders of their imminent option expiry on 14 February
2011 (see the related securities above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the
underlying securities on or before 12:00 hours, one business day prior to the
Expiry Date.
Should holders choose to expire the "Existing" Hot EDS they should notify the
Investec Equity Derivatives Desk before 12:00 hours, Monday 7 February 2011. 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.
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 Friday 4 February 2011) 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.investec.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 31/01/2011 07:43:02 Produced by the JSE SENS Department.
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