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Mon 20 Mar 2006, 8:00 Investec Bank Limited - Expiry Of Stock Warrants:
JSE   SBKIBCFSRIBPHARIBPBAWIBARCHIBPTKGIBQGFIIBDAMSIBQECOIBDSLMIBCMLAIBPBILIBQRC
 INVS                                                                            
Investec Bank Limited - Expiry Of Stock Warrants: 22/03/2006                    
Investec Bank Limited                                                           
Registration number. 1972/008905/06)                                            
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: 22/03/2006                      
Share            Strike Expiry Date   Conv.  Call    Style     Issue    JSE     
                  Price               Ratio  /Put              Size     Code    
Anglo           R175.00 22/03/2006    30:1   Call   American    100    AGLIBD   
American plc                                                  Million           
(ISIN Code                                                                      
ZAE000071437)                                                                   
Anglo           R153.65 22/03/2006   34.7:1   Put   European    100    AGLIBQ   
American plc                                                  Million           
(ISIN Code                                                                      
ZAE000071445)                                                                   
Anglo           R330.00 22/03/2006    75:1   Call   American    100    AMSIBC   
Platinum                                                      Million           
Limited                                                                         
(ISIN Code                                                                      
ZAE000070355)                                                                   
Anglo           R300.00 22/03/2006    75:1    Put   European    100    AMSIBQ   
Platinum                                                      Million           
Limited                                                                         
(ISIN Code                                                                      
ZAE000070363)                                                                   
Barloworld      R110.00 22/03/2006    20:1   Call   American    100    BAWIBA   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000071452)                                                                   
BHP Billiton    R105.00 22/03/2006    20:1   Call   American    100    BILIBC   
plc                                                           Million           
(ISIN Code                                                                      
ZAE000070389)                                                                   
BHP Billiton     R95.00 22/03/2006    25:1    Put   European    100    BILIBQ   
plc                                                           Million           
(ISIN Code                                                                      
ZAE000071460)                                                                   
Edgars           R37.00 22/03/2006     8:1   Call   American    100    ECOIBD   
Consolidated                                                  Million           
Stores                                                                          
Limited                                                                         
(ISIN Code                                                                      
ZAE000071478)                                                                   
FirstRand        R15.50 22/03/2006     4:1    Put   European    100    FSRIBP   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000071486)                                                                   
Gold Fields      R80.00 22/03/2006    25:1   Call   American    100    GFIIBD   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000070421)                                                                   
Gold Fields      R70.00 22/03/2006    25:1    Put   European    100    GFIIBP   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000070439)                                                                   
Harmony Gold     R55.00 22/03/2006    20:1   Call   American    100    HARIBB   
Mining                                                        Million           
Company                                                                         
Limited                                                                         
(ISIN Code                                                                      
ZAE000071593)                                                                   
Harmony Gold     R50.00 22/03/2006    20:1    Put   European    100    HARIBP   
Mining                                                        Million           
Company                                                                         
Limited                                                                         
(ISIN Code                                                                      
ZAE000071494)                                                                   
Mittal Steel     R47.50 22/03/2006    20:1    Put   European    100    MLAIBP   
South Africa                                                  Million           
Limited                                                                         
(ISIN Code                                                                      
ZAE000071502)                                                                   
MTN Group        R52.50 22/03/2006    10:1   Call   American    100    MTNIBC   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000071510)                                                                   
Richemont        R26.11 22/03/2006   3.94:1  Call   American    100    RCHIBC   
Securities AG                                                 Million           
(ISIN Code                                                                      
ZAE000071528)                                                                   
Richemont        R23.65 22/03/2006   4.93:1   Put   European    100    RCHIBP   
Securities AG                                                 Million           
(ISIN Code                                                                      
ZAE000071536)                                                                   
SABMiller plc   R125.00 22/03/2006    20:1   Call   American    100    SABIBC   
(ISIN Code                                                    Million           
ZAE000071544)                                                                   
Sanlam           R14.00 22/03/2006     3:1   Call   American    100    SLMIBC   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000071551)                                                                   
Standard Bank    R77.50 22/03/2006    13:1   Call   American    100    SBKIBC   
Group Limited                                                 Million           
(ISIN Code                                                                      
ZAE000071569)                                                                   
Standard Bank    R70.00 22/03/2006    15:1    Put   European    100    SBKIBQ   
Group Limited                                                 Million           
(ISIN Code                                                                      
ZAE000071577)                                                                   
Telkom SA       R120.00 22/03/2006    25:1    Put   European    100    TKGIBQ   
Limited                                                       Million           
(ISIN Code                                                                      
ZAE000070496)                                                                   
The abovementioned Warrants will expire on 22 March 2006.  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                                                               
Date: 20/03/2006 08:00:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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