Investec Limited/ Investec Plc - Odd-lot offer: Fi
Investec Limited/ Investec Plc - Odd-lot offer: Finalisation of offer price
Investec Limited Investec plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL JSE share code: INP
ISIN: ZAE000040531 ISIN: GB0031773103
ODD-LOT OFFER: FINALISATION OF OFFER PRICE
1. Background
On 20 October 2005 Investec Limited and Investec plc issued a circular to
members and announced details of an Odd-lot Offer whereby holders of less than
100 ordinary shares in either Investec Limited or Investec plc were given the
option to sell their holdings to Investec. It was further announced on 14
November 2005 that the resolutions necessary to implement the Odd-lot Offer were
duly passed.
2. Offer Prices
Under the terms of the Odd-lot Offer, Investec Limited Odd-lot Holders will have
their shares acquired at the Investec Limited Offer Price and Investec plc Odd-
lot Holders will have their shares acquired at the Investec plc Offer Price.
The Investec Limited Offer Price is R277.64 which represents a 5 per cent
premium to the volume weighted average price of Investec Limited Shares traded
on the JSE Limited ("JSE") over the five trading days prior to Friday,
18 November 2005.
The Investec plc Offer Price:
(i) in the case of Investec plc shares held on the United Kingdom share register
is GBP24.28 which represents a 5 per cent premium to the volume weighted average
price of Investec plc Shares on the London Stock Exchange (as quoted by
Bloomberg) over the five trading days prior to Friday, 18 November 2005; and
(ii) in the case of Investec plc Shares held on the South African branch
register is R284.71 which represents a 5 per cent premium to the volume weighted
average price of Investec plc Shares traded on the JSE over the five trading
days prior to Friday, 18 November 2005.
Investec Limited Odd-lot Holders and Investec plc Odd-lot Holders recorded on
the South African branch register will be paid in Rand and Investec plc Odd-lot
Holders recorded on the UK share register will be paid in Pounds Sterling.
Johannesburg / London
18 November 2005
Financial adviser Lead sponsor in South Africa
Merrill Lynch International Merrill Lynch South Africa
Legal adviser in the UK Legal adviser in South Africa
Linklaters Jowell Glyn & Marais Inc.
Joint sponsor
Investec Bank Limited
Date: 18/11/2005 12:00:05 PM Produced by the JSE SENS Department
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