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JSE
INVS
Investec - Variable Strike Warrants: Adjustment to the Exercise Price as of
01/12/2006
Investec Warrants
Share Initial Adjus- Expiry Conv. Call Style Issue JSE
Exer- ted Date Ratio /Put Size Code
cise Exer-
Price cise
per Price
Share per
Share
Allan Gray R 1.55 R0.34 18/09/ 1:1 Call European 25 GRYIVA
Property 2013 Million
Trust
(ISIN Code
ZAE0000
49003)
Allan Gray R 2.50 R 2.37 19/07/ 1:1 Call European 10 GRYIVB
Property 2016 Million
Trust (ISIN
Code
ZAE0000
81766)
Growthpoint R 3.10 R0.76 18/09/ 1:1 Call European 25 GRTIVA
Properties 2013 Million
Limited
(ISIN Code
ZAE0000
49011)
Growthpoint R 5.00 R4.72 19/07/ 1:1 Call European 10 GRTIVB
Properties 2016 Million
Limited
(ISIN Code
ZAE0000
81774)
Hyprop R14.00 R13.29 19/07/ 1:1 Call European 5 HYPIVB
Investments 2016 Million
Limited
(ISIN Code
ZAE0000
81782)
Martprop R 1.15 R0.40 18/09/ 1:1 Call European 25 MTPIVA
Property 2013 Million
Fund
(ISIN Code
ZAE0000
48997)
Pangbourne R 3.65 R0.27 18/09/ 1:1 Call European 25 PAPIVA
Properties 2013 Million
Limited
(ISIN Code
ZAE0000
48989)
Redefine R 1.25 R0.08 18/09/ 1:1 Call European 25 RDFIVA
Income Fund 2013 Million
Limited
(ISIN Code
ZAE0000
48971)
Redefine R 2.50 R2.35 19/07/ 1:1 Call European 10 RDFIVB
Income Fund 2016 Million
Limited
(ISIN Code
ZAE0000
81816)
Redefine R 2.80 R2.74 10/09/ 1:1 Call European 5 RDFIVC
Income Fund 2016 Million
Limited
(ISIN Code
ZAE0000
84489)
Sycom R 8.00 R8.25 19/07/ 1:1 Call European 5 SYCIVB
Property 2016 Million
Fund (ISIN
Code
ZAE0000
81824
As a result of the "Recalculation" an adjustment will be made to the exercise
price to ensure the financial position of the warrant holders is unprejudiced.
This adjustment will be effective from 1 December 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: 01/12/2006 11:17:01 AM Produced by the JSE SENS Department
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