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Tue 21 Nov 2006, 11:06 Investec Bank Limited - Adjustment To The Terms A
JSE   KMBIDB
 INVS                                                                            
Investec Bank Limited -  Adjustment To The Terms And Conditions Of The Kumba    
Resources Limited Enhanced Dividend Securities (EDS) - "KMBIDB"                 
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE KUMBA RESOURCES LIMITED ENHANCED  
DIVIDEND SECURITIES (EDS) - "KMBIDB"                                            
As a result of the "Corporate Action" of Kumba Resources Limited ("KMB"), an    
adjustment will be made to ensure the financial position of KMBIDB Enhanced     
Dividend Securities ("EDS") holders is unprejudiced by this event.  This        
adjustment will be effective from 21 November 2006.  The EDS is exercisable only
in accordance with the terms and conditions as set out in the relevant offering 
circular.                                                                       
Share                   Kumba Resources Limited                                 
(ISIN Code ZAE000087110)                                
Old Strike Price        R 78.50                                                 
New Strike Price        R24.89                                                  
Expiry Date             15/11/2007                                              
Old Stop-Loss Level     R107.00                                                 
New Stop-Loss Level     R33.92                                                  
Ratio                   1:1                                                     
Call/Put                Call                                                    
Style                   American                                                
Issue Size              20 Million                                              
JSE Code                KMBIDB                                                  
In addition to the abovementioned adjustments, Holders of the KMBIDB Enhanced   
Dividend Security will automatically receive one (1) KIOIDA, Listing 22 November
2006, for every KMBIDB held as per LDT.                                         
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: 21/11/2006 11:06:44 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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