Investec PLC
06 November 2007
Investec Limited Investec plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL JSE share code: INP
ISIN: ZAE000081949 ISIN: GB00B17BBQ50
(jointly 'Investec')
As part of the dual listed company structure, Investec plc and Investec Limited
notify both the London Stock Exchange and the JSE Limited of matters which are
required to be disclosed under the Disclosure, Transparency and Listing Rules of
the United Kingdom Listing Authority (the 'UKLA') and/or the JSE Listing
Requirements.
DISPOSAL OF GROWTHPOINT PROPERTIES LIMITED LINKED UNITS
Further to the announcement on 30 May 2007 and the transaction becoming
unconditional as announced on 18 October 2007, Investec Bank Limited, a
subsidiary of Investec Limited, facilitated the disposal of 200 million
Growthpoint Properties Limited ('Growthpoint') linked units to the Public
Investment Corporation Limited, on behalf of the Government Employees Pension
Fund ('PIC'), at a cash consideration of 1700 cents per linked unit, on Friday 2
November 2007.
In terms of this transaction Investec disposed of 152,473,544 Growthpoint linked
units, representing its entire shareholding in Growthpoint, inter alia
monetising the proceeds on the disposal of the property administration and
property fund management businesses of Investec Property Group Limited.
There are no suspensive conditions to this transaction and the PIC will settle
the entire purchase consideration in cash on Friday 9 November 2007.
The effect on the earnings, net assets and tangible net assets of Investec as a
result of the transaction is not significant, as set out in the JSE Listing
Requirements.
The proceeds of the transaction will be used to enhance the capital structure of
Investec.
6 November 2007
Investment Bank and Sponsor:
Investec Bank Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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