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JSE KMBIBE
INVS
Investec Bank Limited - Adjustments To The Terms And Conditions Of
The Kumba Resources Limited Warrant ("KMBIBE")
INVESTEC BANK LIMITED
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE KUMBA RESOURCES LIMITED WARRANT
("KMBIBE")
Share Strike Expiry Date Conv. Call Style Issue JSE
Price Ratio /Put Size Code
Kumba Resources R145.00 01/03/2007 40:1 Call American 100 KMBIBE
Limited (ISIN Million
Code
ZAE000086088)
As a result of the "Unbundling" of Kumba Resources Limited, Holders of the
warrant KMBIBE will receive one (1) KIOIBA warrant for every KMBIBE held. An
adjustment to the strike price of KMBIBE will be made as a result of the
"Special Dividend" to ensure the financial position of the warrant holders is
unprejudiced by this event.
Investec will calculate the percentage that the KMBIBE is in the money. This
percentage will be applied to the new strike price of the KMBIBE and the KIOIBA
warrants based off the spot price of KMB and KIO on Monday 20th November 2006
(Ex Date)
The strike prices of KMBIBE and KIOIBA will be adjusted as follows:
New strike price of KMBIBE = Basket A * P * Spot price
New strike price of KIOIBA = Basket B * P * Spot price
Where:
Basket A = the percentage that KMB has of the sum of the closing prices for KMB
and KIO on Monday 20th November 2006 (Ex Date)
Basket B= the percentage that KIO has of the sum of the closing prices for KMB
and KIO on Monday 20th November 2006 (Ex Date)
P= the percentage that the old strike on LDT was in the money
Spot price= the official closing price of KMB on Friday the 17th November 2006
(LDT)
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE KUMBA RESOURCES LIMITED ENHANCED
DIVIDEND SECURITY ("KMBIDB")
Share Strike Stop- Expiry Date Conv Call Style Issue JSE
Price Loss . /Put Size Code
Level Rati
o
Kumba R78.50 R107.00 15/11/2007 1:1 Call American 20 KMBIDB
Resources Million
Limited
(ISIN
Code
ZAE000087
110)
Holders of the KMBIDB Enhanced Dividend Security product will receive the
special dividend of R1.85 per Enhanced Dividend Security held. Holders of the
warrant KMBIDB will receive one (1) KIOIDA for every KMBIDB held. An adjustment
to the strike price will be made to ensure the financial position of the warrant
holders is unprejudiced by this event.
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: 17/11/2006 02:54:40 PM Produced by the JSE SENS Department
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