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Wed 19 Jul 2006, 8:45 Investec Bank Limited - Issue of Variable Strike W
JSE
 INVS                                                                            
Investec Bank Limited - Issue of Variable Strike Warrants                       
Investec Variable Strike Warrants:  Commencement Date: 19/07/2006               
Share            Strike Expiry Date  Conv.   Call/    Style     Issue     JSE   
Price              Ratio    Put               Size     Code   
Allan Gray        R2.50 2016/07/19    1:1    Call    European    10     GRYIVB  
Property                                                       Million          
Trust                                                                           
(ISIN Code                                                                      
ZAE000081766)                                                                   
Growthpoint       R5.00 2016/07/19    1:1    Call    European    10     GRTIVB  
Properties                                                     Million          
Limited                                                                         
(ISIN Code                                                                      
ZAE000081774)                                                                   
Hyprop           R14.00 2016/07/19    1:1    Call    European     5     HYPIVB  
Investments                                                    Million          
Limited                                                                         
(ISIN Code                                                                      
ZAE000081782)                                                                   
Redefine          R2.50 2016/07/19    1:1    Call    European    10     RDFIVB  
Income Fund                                                    Million          
Limited                                                                         
(ISIN Code                                                                      
ZAE000081816)                                                                   
Sycom             R8.00 2016/07/19    1:1    Call    European     5     SYCIVB  
Property Fund                                                  Million          
(ISIN Code                                                                      
ZAE000081824                                                                    
The JSE Limited ("JSE") has approved the listing of the abovementioned warrants 
and trading will commence on 19 July 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: 19/07/2006 08:45:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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