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Mon 18 Sep 2006, 11:48 Investec Bank Limited - Variable Strike Warrant MT
JSE   MTPIVA
 INVS                                                                            
Investec Bank Limited - Variable Strike Warrant MTPIVA                          
INVESTEC BANK LIMITED                                                           
Investec Variable Strike Warrant MTPIVA:  Adjustment to the Exercise Price as of
18/09/2006                                                                      
  Share                                 Martprop Property Fund                  
                                        (ISIN Code ZAE000048997)                
  Initial Exercise Price per Share      R1.15                                   
Adjusted Exercise Price per Share     R0.52                                   
  New Adjusted Exercise Price per Share R0.39                                   
  Expiry Date                           18/09/2013                              
  Conv. Ratio                           1:1                                     
Call/Put                              Call                                    
  Style                                 European                                
  Issue Size                            25 Million                              
  JSE Code                              MTPIVA                                  
As a result of the "Interest Distribution" an adjustment was made to the        
exercise price to ensure the financial position of the warrant holders is       
unprejudiced.  This adjustment was effective from 18 September 2006.  The       
warrant is exercisable only in accordance with the terms and conditions as set  
out in the relevant offering circular.                                          
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.: 286-4742                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 18/09/2006 11:49:07 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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