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Mon 12 Dec 2011, 15:52 RDFIVC - Investec Bank Limited - Adjustment to the terms and conditions of
JSE   RDFIVC
INVS                                                                            
RDFIVC - Investec Bank Limited - Adjustment to the terms and conditions of      
RDFIVC ZAE000084489                                                             
Investec Variable Strike Warrant                                                
Share          Adjusted    Cover   Call  Style                JSE Code          
              Strike      Ratio   /Put                                          
              Price per                                                         
              Share                                                             

Redefine       R1.02       1:1     Call  European  RDFIVC ZAE000084489          
Properties                                                                      
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 warrants. 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 15:52:01 Produced by the JSE SENS Department.                  
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