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Investec Bank Ltd - Notice of Expiry for Investec Enhanced Dividend Securities
(EDS)
Investec Bank Ltd
Notice of Expiry for Investec Enhanced Dividend Securities (EDS)
Share Expiry Date JSE Code ISIN NUMBER
African Bank 01/11/2005 ABLIDA ZAE 000060174
Investments
Limited
Anglo American 01/11/2005 AGLIDA ZAE 000060182
plc
Absa Group 01/11/2005 ASAIDA ZAE 000060190
Limited
Edgars 01/11/2005 ECOIDA ZAE 000060208
Consolidated
Stores Limited
Foshini Limited 01/11/2005 FOSIDA ZAE 000060216
Investec 01/11/2005 INLIDA
Limited
JD Group 01/11/2005 JDGIDA ZAE 000060232
Limited
Remgro Limited 01/11/2005 REMIDA ZAE 000060240
Standard Bank 01/11/2005 SBKIDA ZAE 000060257
Group Limited
Sasol Limited 01/11/2005 SOLIDA ZAE 000060265
Share Expiry Date JSE Code ISIN NUMBER
AngloGold 08/11/2005 ANGIDA ZAE 000060307
Ashanti Limited
Impala Platinum 08/11/2005 IMPIDA ZAE 000060315
Holdings
Limited
Mittal Steel 08/11/2005 IISIDA ZAE 000060323
South Africa
Limited
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent expiries
on 01Nov05 and 08Nov05 respectively (see the related securities above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the underlying securities on or before 12:00 pm on the second
last Business Day prior to the Expiry Date.
Holders may indicate to the Investec Equity Derivatives desk that they intend to
roll over into the "IDB" series of EDS (in which case Investec will make
arrangement to buy-back the "IDA" and sell the "IDB" at no spread margin). In
this case, the desk must be notified before 12:00 pm on the second last Business
Day prior to the Expiry Date. Should this be done on a one-for-one basis, a cash
distribution of the difference between the intrinsic value inherent to the "IDA"
and the less expensive "IDB" will accrue to the client.
Should holders not choose either option 1 or 2 above, the "IDA" EDS will expire
at full intrinsic value on the respective expiry date, and a cash settlement
amount representing the number of EDS held on that date multiplied by the excess
of the Volume Weighted Average Price of the Underlying Parcel over the last two
Business Days prior to the Expiry Date over the Exercise Price (Strike Price)
will automatically accrue to the holder.
The new "B" series of Enhanced Dividend Securities (EDS) have already been
listed, with new strike prices set at approximately 55% of the current share
price.
For further information, please contact Investec Equity Derivatives on (011) 286
4742.
Richard Swain
Investec Equity Derivatives
Investec Bank Ltd
+27 11 286 4742
Date: 24/10/2005 05:08:48 PM Produced by the JSE SENS Department
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