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Wed 14 Mar 2007, 10:54 Investec Bank Limited - Investec Variable Strike W
JSE   GRTIVBGRTIVA
 INVS                                                                            
    Investec Bank Limited - Investec Variable Strike Warrants:  Adjustment to   
                            the Exercise Price as of 13/03/2007                 
    Investec Bank Limited                                                       
Investec Variable Strike Warrants:  Adjustment to the Exercise Price as of  
    13/03/2007.                                                                 
      Share                    Growthpoint           Growthpoint                
                               Properties Limited    Properties Limited         
(ISIN Code            (ISIN Code                 
                               ZAE000049011)         ZAE000081774)              
                                                                                
      Initial Exercise Price   R3.10                 R5.00                      
per Share                                                                 
      Adjusted Exercise Price  R0.47                 R4.50                      
      per Share                                                                 
      New Adjusted Exercise    R0.31                 R4.35                      
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                 GRTIVA                GRTIVB                     
    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 13 March 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: 14/03/2007 10:54:15 Produced by the JSE SENS Department.                  
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