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Wed 23 Nov 2005, 12:56 Investec Bank Limited - Expiry of stock warrants:
Investec Bank Limited - Expiry of stock warrants: 24/11/2005                    
Investec Bank Limited                                                           
COMPLETION AND DELIVERY OF AN EXERCISE NOTICE WILL NOT BE NECESSARY AS ALL      
REGISTERED HOLDERS WILL RECEIVE AN AUTOMATIC CASH SETTLEMENT AMOUNT ON THE      
EXPIRATION DATE                                                                 
EXPIRY OF STOCK WARRANTS: 24/11/2005                                            
Share          Strike   Expiry Date  Conv   Call  Style     Issue     JSE       
Price                 Ratio  /Put            Size      Code      
African Bank   R17.00   24/11/2005   4:1    Call  American  100       ABLIBB    
Investments                                                 Million             
(Pty) Limited                                                                   
(ISIN Code                                                                      
ZAE000067799)                                                                   
Anglo          R170.00  24/11/2005   35:1   Call  American  100       AGLIBC    
American plc                                                Million             
(ISIN Code                                                                      
ZAE000067971)                                                                   
Edgars         R27.50   24/11/2005   5:1    Call  American  100       ECOIBB    
Consolidated                                                Million             
Stores                                                                          
Limited                                                                         
(ISIN Code                                                                      
ZAE000067823)                                                                   
Grindrod       R9.90    24/11/2005   2:1    Call  American  100       GNDIBA    
Limited                                                     Million             
(ISIN Code                                                                      
ZAE000067815)                                                                   
Harmony Gold   R52.50   24/11/2005   15:1   Call  American  100       HARIBA    
Mining                                                      Million             
Company                                                                         
Limited                                                                         
(ISIN Code                                                                      
ZAE000067831)                                                                   
Highveld       R60.66   24/11/2005   19.32: Call  American  100       HVLIBA    
Steel &                              1                      Million             
Vanadium                                                                        
Corporation                                                                     
Limited                                                                         
(ISIN Code                                                                      
ZAE000067849)                                                                   
Impala         R600.00  24/11/2005   150:1  Call  American  100       IMPIBB    
Platinum                                                    Million             
Limited                                                                         
(ISIN Code                                                                      
ZAE000067856)                                                                   
Kumba          R66.155  24/11/2005   14.593 Call  American  100       KMBIBB    
Resources                            :1                     Million             
Limited                                                                         
(ISIN Code                                                                      
ZAE000067864)                                                                   
Mittal Steel   R52.50   24/11/2005   10:1   Call  American  100       MLAIBC    
South Africa                                                Million             
Limited                                                                         
(ISIN Code                                                                      
ZAE000067989)                                                                   
Naspers        R87.50   24/11/2005   15:1   Call  American  100       NPNIBA    
Limited                                                     Million             
(ISIN Code                                                                      
ZAE000067997)                                                                   
Sasol Limited  R175.00  24/11/2005   35:1   Call  American  100       SOLIBC    
(ISIN Code                                                  Million             
ZAE000068003)                                                                   
VenFin         R29.00   24/11/2005   4:1    Call  American  100       VNFIBA    
Limited                                                     Million             
(ISIN Code                                                                      
ZAE000067880)                                                                   
The abovementioned Warrants will expire on 24 November 2005.  Holders should    
ensure that their holdings are registered prior to this date, as only registered
holders will be entitled to exercise.                                           
It will not be necessary for a warrantholder to complete and deliver an         
effective Exercise Notice, as all unexercised Warrants will be deemed to have   
been automatically exercised on the Expiration Date, with payment of the Cash   
Settlement Amount on the Cash Payment Date in accordance with the Terms and     
Conditions.                                                                     
The Warrants are exercisable only in accordance with the Terms and conditions   
set out in the 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: 23/11/2005 12:56:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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