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Wed 27 Nov 2013, 10:00 INVESTEC BANK LIMITED - Breached Barrier- KIOIHC
KIOIHC 201311270014A
Breached Barrier- KIOIHC

INVESTEC BANK LIMITED – NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND KIOIHC



Share                              Kumba Iron Ore Limited









Strike Price                       R353.00

Stop-Loss Level                    R400.00

Expiry Date                        2014/07/23

Cover Ratio                        1:1



Call/Put                           Call

Style                              American

Issue Size                         140,000

JSE Code                           ZAE000180964









Investec Bank Limited, as Issuers of the above KIOIHC, Hot Enhanced Distribution Security (HOT EDS), advised

Holders that due to the breach of the stop loss level of R400.00 in the Underlying Share, as of close of business

Friday, 22 November 2013 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been

terminated.



The Rebate Payment, represented by the number of HOT EDS held on the termination date, multiplied by the

excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the

two Business Days following the Termination Date over the Exercise Price (Strike Price) of R353.00 This amount

will automatically accrue to holders via instruction through STRATE.



The VWAP on, 25 November 2013 = R395.029

The VWAP on, 26 November 2013 = R385.878

The simple average of the 2 day VWAP = R390.4535



Holders will receive R37.4535 cents for every warrant held.



27 November 2013



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.investecwarrants.com



Sponsor

           Investec Securities (Pty) Ltd

           Member of the JSE

           Registration number. 1972/008905/07)


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