JSE INPNIC
NEDB
Nedbank - Adjustments to the terms and conditions of the Nedbank Investec Plc
Share Instalment
Nedbank Warrants
Share Code: INPNIC
ISIN Code: ZAE000078812
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NEDBANK INVESTEC PLC SHARE
INSTALMENT
Prior Terms
JSE Code Exercise Price Conversion Expiry Exercise Style
Ratio
INPNIC R159.03 1 for 1 30/03/2007 American Call
Following the Investec plc ("INP") announcement of a 5 FOR 1 share split of
INP, the Issuer will amend the Terms and Conditions in the following way:
The Adjustments
On the 4TH September 2006, a new Exercise Price will be calculated, so that
The effect of the adjustments will be that:
The New Strike Price = (159.03/5)
The conversion ratio will not change, but there will rather be an instalment
split, whereby the holder of 1 INPNIC share instalment will be converted to 5
share instalments.
New Terms
JSE Code Exercise Price Conversion Expiry Exercise Style
Ratio
INPNIC R31.80 1 for 1 30/03/2007 American Call
The JSE Limited ("the JSE") Issuer Services Division has approved the Adjustment
of the above-mentioned warrants, and the adjustments will be effective from 4
September 2006.
Sponsor Nedbank Capital
4 September 2006
Date: 05/09/2006 09:41:15 AM Produced by the JSE SENS Department
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