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Tue 16 May 2006, 8:26 Investec Bank Limited - Expiry of Enhanced Dividen
JSE   SLMIDA
 INVS                                                                            
Investec Bank Limited - Expiry of Enhanced Dividend Securities                  
INVESTEC BANK LIMITED                                                           
Share               Strike   Stop-Loss     Expiry Date Conv.       Call/        
Price    Level                     Ratio       Put          
Sanlam Limited                                                                  
(ISIN Code)                                                                     
ZAE000066650        R6.00    R9.00         19/05/2006  1:1         Call         
Share               Style         Issue Size     JSE Code                       
Sanlam Limited                                                                  
(ISIN Code)         American      20 Million     SLMIDA                         
ZAE000066650                                                                    
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities     
(EDS), hereby reminds holders of their rights relating to the imminent expiry   
on 19 May 2006 (see the related securities above).                              
1.   Holders may  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.                                                                      
2.   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 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.: 011 286-4672                                                              
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 16/05/2006 08:27:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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