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JSE
INVS
Investec Bank Limited - Expiry Of An Enhanced Dividend Security
Share Strike Stop- Expiry Conv. Call/ Style Issue JSE Code
Price Loss Date Ratio Put Size
Level
Telkom R52.00 R78.00 04/08/ 1:1 Call American 20 TKGIDA
SA 2006 Million
Limited
(ISIN
Code
ZAE0000
66668
Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities
(EDS), hereby reminds holders of their options relating to the imminent expiry
on 4 August 2006 (see the related security above).
Holders may choose to exercise and pay the Exercise Price (Strike Price) in
order to receive the underlying securities on or before 5:00 pm, one business
day prior to the Expiry Date.
Holders may indicate to the Investec Equity Derivatives desk that they intend
to roll into the "IDB" series of EDS (in which case Investec will make
arrangement to buy-back the "IDA" and sell the "IDB" at no bid-offer spread
margin). In this case, the desk must be notified telephonically before 12:00
pm on the Expiry Date. Should this be done on a one-for-one basis, a cash
distribution of the difference between the intrinsic value inherent to the
"IDA" and the less expensive "IDB" will accrue to the client.
Should holders not choose either option 1 or 2 above, 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 simple average 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: 27/07/2006 12:00:04 PM Produced by the JSE SENS Department
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