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JSE PPCIDABAWIDA
INVS
Investec Bank Limited - Expiry Of Enhanced Dividend Securities
INVESTEC BANK LIMITED
EXPIRY OF ENHANCED DIVIDEND SECURITIES
Share Strike Stop- Expiry Conv. Call Style Issue JSE
Price Loss Date Ratio /Put Size Code
Level
Barloworld R48.00 R70.00 15/02/ 1:1 Call American 20 BAWIDA
Limited 2006 Million
(ISIN Code
ZAE000066627)
Pretoria R110.00 R163.00 15/02/ 1:1 Call American 20 PPCIDA
Portland 2006 Million
Cement
Company
Limited
(ISIN Code
ZAE000066643)
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent
expiries on 15 February 2006 (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 5:00 pm on the Expiry
Date.
Holders may indicate to the Investec Equity Derivatives desk that they intend
to roll into the "IDB" series of EDS (in which case Investec will make
arrangement to buy-back the "IDA" and sell the "IDB" at no bid-offer spread
margin). In this case, the desk must be notified before 12:00 pm on 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. A cash settlement
amount representing the number of EDS held on that date multiplied by the
excess of the Volume Weighted Average Price ("VWAP") of the Underlying Parcel
over the last two Business Days following the Expiry Date, over the Exercise
Price (Strike Price) will automatically accrue to the holder.
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.: 286-4672
E-mail: warrants@investec.co.za
Internet: www.investecwarrants.com
Sponsor
Investec Securities Limited
Member of the JSE
Registration number. 1972/008905/06)
Date: 09/02/2006 12:29:12 PM Produced by the JSE SENS Department
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