Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69

New Financial Instrument Listing Announcement – IBL263

Application has been made to the JSE Limited (“JSE”) for the listing of R1,000,000,000 (one
billion Rand) senior unsecured floating rate Notes (stock code IBL263), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.

The IBL263 Notes will be issued to Noteholders on the date of listing being
6 February 2023 with effect from commencement of trade.

Salient features of the IBL263 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               6 February 2023

Aggregate Nominal Amount of Tranche                      R1,000,000,000 (one billion Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            Floating Rate

Margin                                                   1.45% for the period from and
                                                         including        the         Interest
                                                         Commencement Date until but
                                                         excluding the Optional Redemption
                                                         Date (as referred to below); and
                                                         1.65% for the period from and
                                                         including the Optional Redemption
                                                         Date until but excluding the date of
                                                         redemption

Reference Rate                                           ZAR-JIBAR-SAFEX        with   a
                                                         Designated Maturity of 3 months,
                                                         plus the Margin

Interest Determination Date                              means the Interest Commencement
                                                         Date and every Interest Payment
                                                         Date thereafter

Maturity Date                                            6 February 2028

Optional Redemption Date                                 6 February 2027
Optional Redemption Amount         the Nominal Amount plus accrued,
                                   unpaid interest, if any, to the date of
                                   redemption

Issue price per Note               100%

Final Redemption Amount per Note   The Nominal Amount per Note (plus
                                   accrued unpaid interest, if any, to
                                   the Maturity Date)

Interest Commencement Date         6 February 2023


Books Close Dates                  The Register will be closed from 28
                                   January to 6 February, 27 April to 6
                                   May, 28 July to 6 August and 28
                                   October to 6 November (all dates
                                   inclusive) in each year until the
                                   Applicable Redemption Date, or 10
                                   days prior to any Payment Day

Last Day to Register               27 January, 26 April, 27 July and 26
                                   October in each year, or if such day
                                   is not a Business Day, the Business
                                   Day before each Books Closed
                                   Period, or the last Business Day
                                   immediately       preceding      the
                                   commencement of the Books
                                   Closed Period

Interest Payment Dates             means 6 February, 6 May, 6 August
                                   and 6 November of each year,
                                   provided that the first Interest
                                   Payment Date shall be on 6 May
                                   2023. If any such day is not a
                                   Business Day, the Business Day on
                                   which interest will be paid, as
                                   determined in accordance with the
                                   applicable       Business      Day
                                   Convention (as specified in this
                                   Applicable Pricing Supplement)

Business Day Convention            Following Business Day

JSE Stock Code                     IBL263

ISIN                               ZAG000193392
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           ZAR44,951,441,515.00 (Forty Four
excluding all other issuances on this Issue Date    Billion Nine Hundred and Fifty One
                                                    Million Four Hundred and Forty One
                                                    Thousand Five Hundred and Fifteen
                                                    Rand) under the Programme


The Pricing Supplement does not contain any
additional terms and conditions or changes to the
terms and conditions as contained in the
Programme Memorandum.


Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.

Date: 3 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za