JSE PAPIVA
INVS
Investec Bank Limited - Amendment to the Exercise price of PAPIVA
Investec Bank Limited
Investec Variable Strike Warrant: Adjustment to the Exercise Price as of
07/04/2006
Share Pangbourne Properties Limited
(ISIN Code ZAE000048989)
Initial Exercise Price per Share R3.65
Adjusted Exercise Price per Share R1.37
New Adjusted Exercise Price per Share R0.87
Expiry Date 18/09/2013
Conv. Ratio 1:1
Call/Put Call
Style European
Issue Size 25 Million
JSE Code PAPIVA
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 07 April 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: 07/04/2006 12:30:03 PM Produced by the JSE SENS Department
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