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Mon 25 Jun 2012, 16:57 IPFIVA - Investec - Declaration of a distribution announcement on Investec
JSE   IPFIVA
INVS                                                                            
IPFIVA - Investec - Declaration of a distribution announcement on Investec      
Property Fund Limited- Variable strike warrant- IPFIVA                          
INVESTEC WARRANTS                                                               
JSE SHARE CODE:   IPFIVA                                                        
JSE ISIN CODE:    ZAE000162939                                                  
DECLARATION OF A DISTRIBUTION ANNOUNCEMENT ON INVESTEC PROPERTY FUND LIMITED-   
VARIABLE STRIKE WARRANT- IPFIVA                                                 
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of 25   
June 2012                                                                       
Share          Adjusted      Expiry  Cover   Call/Put  Style      JSE Code      
              Exercise      Date    Ratio                                       
Price per                                                         
              Share                                                             
                                                                                
Investec       R4.72         24/07/  1:1     Call      Europ  IPFIVA            
Property                     2019                      ean    ZAE000162939      
Fund Limited                                                                    
As a result of the Recalculation based on a Distribution an adjustment has been 
made to the exercise price of the above-mentioned Variable Strike warrants.     
This adjustment will be effective from 25 June 2012.  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: 25/06/2012 16:57:01 Produced by the JSE SENS Department.                  
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