INVESTEC VARIABLE STRIKE WARRANTS - ADJUSTMENT TO THE EXERCISE PRICE AS OF
30/09/2004
Investec Variable Strike Warrants: Adjustment to the Exercise Price as of
30/09/2004
Share Initi Adjus Expiry Con Call Style Issue JSE
al ted Date v. /Put Size Code
Exerc Exerc Rat
ise ise io
Price Price
per per
Share Share
Allan Gray R1.55 R1.38 18/09/2013 1:1 Call European 25 GRYI
Property Million VA
Trust
Growthpoint R3.10 R2.55 18/09/2013 1:1 Call European 25 GRTI
Properties Million VA
Limited
Martprop R1.15 R1.01 18/09/2013 1:1 Call European 25 MTPI
Property Million VA
Fund
Pangbourne R3.65 R3.06 18/09/2013 1:1 Call European 25 PAPI
Properties Million VA
Limited
Redefine R1.25 R1.06 18/09/2013 1:1 Call European 25 RDFI
Income Fund Million VA
Limited
As a result of the `Recalculation` an adjustment will be made to the exercise
price to ensure the financial position of the warrant holders is unprejudiced by
this event. This adjustment will be effective from 30 September 2004. 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.: 286-4742
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
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