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Fri 23 Feb 2007, 10:48 INVS - Investec Bank Limited - Expiry of stock war
JSE   FSRIBGAMSIBVMTNIBHSBKIBHRCHIBGEXXIBANEDIBRAGLIBHECOIBTAMSIBHRCHIBSSAPIBHEC
 INVS                                                                            
INVS - Investec Bank Limited - Expiry of stock warrants                         
Investec Bank Limited                                                           
COMPLETION AND DELIVERY OF AN EXERCISE NOTICE WILL NOT BE NECESSARY AS ALL      
REGISTERED HOLDERS WHO HAVE NOT EXERCISED THEIR WARRANTS BY THE EXPIRATION DATE 
WILL RECEIVE AN AUTOMATIC CASH SETTLEMENT                                       
                           EXPIRY OF STOCK WARRANTS                             
                                                                                

Share                Strike  Expiry Date Conv.   Call   Style     Issue     JSE 
                   Price              Ratio   /Put             Size     Code    
                                                                                
Anglo American    R350.00  01/03/2007  100:1   Call  American    100    AGLIBH  
plc                                                            Million          
(ISIN Code                                                                      
ZAE000086005)                                                                   
Anglo Platinum    R850.00  01/03/2007  280:1   Call  American    100    AMSIBH  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086013)                                                                   
Anglo Platinum    R750.00  01/03/2007  220:1   Put   European    100    AMSIBV  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086021)                                                                   
BHP Billiton      R150.00  01/03/2007   40:1   Call  American    100    BILIBI  
plc                                                            Million          
(ISIN Code                                                                      
ZAE000086039)                                                                   
Edgars             R32.00  01/03/2007   6:1    Call  American    100    ECOIBI  
Consolidated                                                   Million          
Stores  Limited                                                                 
(ISIN Code                                                                      
ZAE000086047)                                                                   
Edgars             R26.50  01/03/2007   6:1    Put   European    100    ECOIBT  
Consolidated                                                   Million          
Stores Limited                                                                  
(ISIN Code                                                                      
ZAE000086054)                                                                   
Exxaro             R45.43  01/03/2007  39.53:  Call  American    100    EXXIBA  
Resources                                1                     Million          
Limited                                                                         
(ISIN Code                                                                      
ZAE000088456)                                                                   
FirstRand          R19.00  01/03/2007   5:1    Call  American    100    FSRIBG  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086062)                                                                   
Harmony Gold      R115.00  01/03/2007   45:1   Call  American    100    HARIBG  
Mining Company                                                 Million          
Limited                                                                         
(ISIN Code                                                                      
ZAE000086070)                                                                   
Kumba Iron Ore     R97.85  01/03/2007  39.53:  Call  American    100    KIOIBA  
Limited                                  1                     Million          
(ISIN Code                                                                      
ZAE000088407)                                                                   
MTN Group          R70.00  01/03/2007   20:1   Call  American    100    MTNIBH  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086096)                                                                   
MTN Group          R60.00  01/03/2007   15:1   Put   European    100    MTNIBT  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086104)                                                                   
Nedbank Group     R100.00  01/03/2007   20:1   Put   European    100    NEDIBR  
Limited                                                        Million          
(ISIN Code                                                                      
ZAE000086112)                                                                   
Richemont          R42.00  01/03/2007   8:1    Call  American    100    RCHIBG  
Securities AG                                                  Million          
(ISIN Code                                                                      
ZAE000086120)                                                                   
Richemont          R35.00  01/03/2007   8:1    Put   European    100    RCHIBS  
Securities AG                                                  Million          
(ISIN Code                                                                      
ZAE000086138)                                                                   
Sappi Limited     R110.00  01/03/2007   25:1   Call  American    100    SAPIBH  
(ISIN Code                                                     Million          
ZAE000086146)                                                                   
Sappi Limited                                                                   
(ISIN Code         R96.00  01/03/2007   25:1   Put   European    100    SAPIBS  
ZAE000086153)                                                  Million          
Standard Bank      R83.00  01/03/2007   25:1   Call  American    100    SBKIBH  
Group Limited                                                  Million          
(ISIN Code                                                                      
ZAE000086161)                                                                   
Standard Bank      R76.00  01/03/2007   20:1   Put   European    100    SBKIBR  
Group Limited                                                  Million          
(ISIN Code                                                                      
ZAE000086179)                                                                   
Telkom SA         R148.00  01/03/2007   40:1   Call  American    100    TKGIBH  
limited                                                        Million          
(ISIN Code                                                                      
ZAE000086187)                                                                   
The abovementioned Warrants will expire on 1 March 2007.  Holders should ensure 
that their holdings are registered prior to this date as only registered holders
will be entitled to exercise.                                                   
It will not be necessary for a warrantholder to complete and deliver an Exercise
Notice, as all unexercised Warrants will be deemed to have been automatically   
cash settled, with payment of the Cash Settlement Amount on the Cash Payment    
Date in accordance with the Terms and Conditions.                               
The Warrants are exercisable only in accordance with the Terms and conditions   
set out in the 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.: 286-4672                                                                  
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 23/02/2007 10:48:00 Produced by the JSE SENS Department.                  
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