Investec Bank Limited - Adjustment to the terms and conditions of the Grindrod
Ltd Warrants
Investec Bank Limited
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE GRINDROD LTD WARRANTS
Share : Grindrod Limited
Old Strike Price : R49.50
New Strike Price : R9.90
Expiry Date : 24/11/2006
Old Conv. Ratio : 10:1
New Conv. Ratio : 2:1
Call/Put : Call
Style : American
Issue Size : 100 Mil
JSE Code : GNDIBA
ISIN Code : ZAE000067815
As a result of the "Corporate Action" an adjustment will be made to ensure the
financial position of the warrant holders is unprejudiced by this event. This
adjustment will be effective from 31 October 2005. 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: 01/11/2005 09:42:07 AM Produced by the JSE SENS Department
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