INVESTEC BANK LIMITED – Expiry announcement – SPIB12

2019/07/11 15:35:00
SENS announcement for JSE listed company: INLP

SPIB12 201907110043A
Expiry announcement – SPIB12



Share/ Reference Index World Axis Core Fund
Strike Price USD160.374
Expiry Date 12 July 2019
Cover Ratio 1:1
Call/Put Put
Style European
Issue Size 5,000
I.S.I.N ZAE000223970

Investec Bank Limited (‘Investec’), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 12 July 2019 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised, the Holders will sell the Holder Underlying Securities to the Issuer and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 18 July 2019.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 18 July 2019. Holders who wish to receive delivery of the remaining Underlying
Securities will need to inform Investec Bank in writing by close of business on the 12 July 2019.

Each Holder may elect and request to reinvest into a new quantity of ESPs (‘the new ESP’). The terms and conditions
of the new ESP series will be governed by a new Pricing Supplement. Investec will, if so elected by the Holder, settle
any amount due to Holder pursuant to the expiry of the existing ESPs by allocation of new ESPs which will be listed on
or before 31 June 2019. Holders of SPIB12 will be notified on 15 July 2019 and to the extent applicable, the number of
new ESPs that will be allocated per each SPIB12.

Date: 11 July 2019

Copies of the offering circular may be obtained from:
Investec Bank Limited
100 Grayston Drive

Copies of Warrant issue documentation can be located on:

Place and Date of Incorporation of the Issuer:
Incorporated in the Republic of South Africa
Registration Number: 1969/004763/06
Date of Incorporation: 31 March 1969

For further information kindly contact:
Investec Financial Products
Tel.: +27 11 286 9663

Investec Securities (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)

Date: 11/07/2019 03:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


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