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INL
INL
Investec Bank Limited - Issue Of Enhanced Dividend Security
Investec Enhanced Dividend Security: Commencement Date: 27/07/2006
Share Strike Stop- Expiry Conv. Call Style Issue JSE
Price Loss Date Ratio /Put Size Code
Level
Shop- R13.50 R18.50 15/05/ 1:1 Call American 20 SHPIDA
rite 2007 Million
Holdings
Limited
(ISIN
Code
ZAE0000
83069)
The JSE Limited ("JSE") has approved the listing of the abovementioned warrant
and trading will commence on 27 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.
Members of the JSE are notified of a new function of the Enhanced Dividend
Securities (EDS) product, now included in the latest listing supplement covering
Investec"s new issue (see above), enabling Holders to automatically re-invest
the settlement proceeds back into the next series.
In line with preferred market practice, this new listing of EDS will now be
automatically re-invested into the next series at the Expiration Date (15 May
2007) without requiring any action by the Holders. The number of new EDS taken
up by Holders will be governed by the following formula:
Number of New EDS = Cash Settlement Amount/Issue Price of New EDS
Where: "Cash Settlement Amount" = Number of EDS held on that day multiplied by
the excess of the Exercise Price over the simple average of the Daily Volume
Weighted Average Price of the underlying parcel on the last two hours of the
expiration date.
Should holders wish to exercise the EDS for physical shares they will need to
notify Investec of their intentions prior to the close of business on the expiry
date.
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: 27/07/2006 08:45:08 AM Produced by the JSE SENS Department
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