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Tue 24 Jan 2006, 15:53 Investec Limited - Investec Variable Strike Warran
JSE   RDFIVA
 INVS                                                                            
Investec Limited - Investec Variable Strike Warrant:  Adjustment to the         
Exercise Price as of 23/01/2006                                                 
Investec Variable Strike Warrant:  Adjustment to the Exercise Price as of       
23/01/2006                                                                      
Share                                      Redefine Income Fund Limited         
                                           (ISIN Code: ZAE000048971)            
Initial Exercise Price per Share           R1.25                                
Adjusted Exercise Price per Share          R0.62                                
New Adjusted Exercise Price per Share      R0.50                                
Expiry Date                                18/09/2013                           
Conv. Ratio                                1:1                                  
Call/Put                                   Call                                 
Style                                      European                             
Issue Size                                 25 Million                           
JSE Code                                   RDFIVA                               
As a result of the "Interest Distribution" an adjustment was made to the        
exercise price to ensure the financial position of the warrant holders is       
unprejudiced.  This adjustment was effective from 23 January 2006.  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)                                            
Date: 24/01/2006 03:53:04 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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