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Mon 12 Dec 2011, 15:51 RDFIVB - Investec Bank Limited - Adjustment to the terms and conditions of
JSE   RDFIVB
INVS                                                                            
RDFIVB - Investec Bank Limited - Adjustment to the terms and conditions of      
RDFIVB ZAE000081816                                                             
Investec Variable Strikes                                                       
Share          Adjusted    Cover   Call/P  Style             JSE Code           
              Strike      Ratio   ut                                            
              Price per                                                         
              Share                                                             

Redefine       R0.33       1:1     Call    European            RDFIVB           
Properties                                               ZAE000081816           
Limited                                                                         
As a result of the Recalculation based on the Redefine Properties Limited       
Corporate Action, an adjustment has been made to the terms and conditions of the
above mentioned Variable Strike. These adjustments are effective from 12        
December 2011. 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.: 0860 103 343                                                              
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 12/12/2011 15:51:34 Produced by the JSE SENS Department.                  
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