JSE GRYIVAGRYIVB
INVS
Investec Bank Limited - Variable Strike Warrants
Investec Bank Limited
Investec Variable Strike Warrants: Adjustment to the Exercise Price as of
20/11/2006
Share Allan Gray Property Trust Allan Gray Property Trust
(ISIN Code ZAE000049003) (ISIN Code ZAE000081766)
Initial Exercise R1.55 R2.50
Price per Share
Adjusted Exercise R0.54 R 2.56
Price per Share
New Adjusted Exercise R0.34 R2.37
Price per Share
Expiry Date 18/09/2013 19/07/2016
Conv. Ratio 1:1 1:1
Call/Put Call Call
Style European European
Issue Size 25 Million 10 Million
JSE Code GRYIVA GRYIVB
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 20 November 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: 20/11/2006 11:06:07 AM Produced by the JSE SENS Department
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