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Wed 24 May 2006, 8:45 INVESTEC BANK LIMITED - ISSUE OF STOCK WARRANTS AN
JSE
 INVS                                                                            
INVESTEC BANK LIMITED - ISSUE OF STOCK WARRANTS AND ENHANCED DIVIDEND SECURITY  
INVESTEC BANK LIMITED                                                           
Investec Stock Warrants:  Commencement Date: 24/05/2006                         
Share      Strike    Expiry Date Conv.    Call  Style     Issue     JSE       
             Price                 Ratio    /Put            Size      Code      
  AngloGold  R330.00   08/11/2006  100:1    Call  American  100       ANGIBG    
  Ashanti                                                   Million             
Limited                                                                       
  Edgars     R  36.00  08/11/2006  10:1     Call  American  100       ECOIBF    
  Consolida                                                 Million             
  ted                                                                           
Stores                                                                        
  Limited                                                                       
  FirstRand  R  18.00  08/11/2006  5:1      Call  American  100       FSRIBE    
  Limited                                                   Million             
MTN Group  R  64.00  08/11/2006  15:1     Call  American  100       MTNIBF    
  Limited                                                   Million             
  Remgro     R135.00   08/11/2006  25:1     Call  American  100       REMIBC    
  Limited                                                   Million             
SABMiller  R135.00   08/11/2006  20:1     Call  American  100       SABIBE    
  plc                                                       Million             
  Sappi      R  90.00  08/11/2006  20:1     Call  American  100       SAPIBF    
  Limited                                                   Million             
Telkom SA  R140.00   08/11/2006  30:1     Call  American  100       TKGIBF    
  Limited                                                   Million             
Investec Enhanced Dividend Security:  Commencement Date: 24/05/2006             
  Share         Strike Price     Stop-  Expiry Date      Conv. Ratio  Call/Put  
Loss                                           
                                 Level                                          
  Liberty       R66.00           R90.0  15/05/2007       1:1          Call      
  Internationa                   0                                              
l plc                                                                         
  Share                      Style               Issue Size    JSE Code         
  Liberty International plc  American            20 Million    LBTIDA           
The JSE Limited ("JSE") has approved the listing of the abovementioned warrants 
and trading will commence on 24 May 2006.  All members of the JSE may           
participate in trading, which will occur according to normal JSE Rules.  As the 
Warrants have been dematerialised, settlement will be effected electronically   
through the STRATE system of the JSE and accordingly, certificates evidencing   
the Warrants will not be issued to Holders.                                     
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                                                               
Registration number. 1972/008905/06)                                            
Date: 24/05/2006 08:45:08 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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