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Mon 22 Jan 2007, 12:24 Investec Bank Limited - Variable Strike Warrants
JSE   RDFIVCRDFIVB
 INVS                                                                            
Investec Bank Limited - Variable Strike Warrants                                
Investec Bank Limited                                                           
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of      
22/01/2007                                                                      
Share         Redefine Income Fund Limited   Redefine Income Fund Limited       
             (ISIN Code ZAE000081816)       (ISIN Code ZAE000084489)            
Initial                                                                         
Exercise                                                                        
Price per                                                                       
Share         R 2.50                         R  2.80                            
Adjusted                                                                        
Exercise                                                                        
Price per                                                                       
Share         R2.37                          R2.76                              
New Adjusted                                                                    
Exercise                                                                        
Price per                                                                       
Share         R2.26                          R2.65                              
Expiry Date   19/07/2016                     10/09/2016                         
Conv. Ratio   1:1                            1:1                                
Call/Put      Call                           Call                               
Style         European                       European                           
Issue Size    10 Million                     5 Million                          
JSE Code      RDFIVB                         RDFIVC                             
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 is effective from 22 January 2007.  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: 22/01/2007 12:24:04 Produced by the JSE SENS Department.                  
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