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 – IVC238

Application has been made to the JSE Limited (“JSE”) for the listing of R260,000,000 (two hundred
and sixty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC238), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC238 Notes will be issued to Noteholders on the date of listing being with effect from
8 February 2023 commencement of trade.

Salient features of the IVC238 Notes are listed below:

Issuer                                                       Investec Bank Limited

Principal Amount                                             R1,000,000 per Note on the Issue Date

Instrument                                                   Senior unsecured credit linked Notes

Issue Date                                                   8 February 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX           with        a
                                                             Designated Maturity of 3 months plus a
                                                             margin of 2.68% (two point six eight)
Scheduled Maturity Date                                      20 December 2027

Optional Redemption Date (Call)                              N/A

Issue price per Note                                         100%

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

Interest Commencement Date                                   Issue Date

Books Close Period                                           The Register will be closed from11
                                                             March to 20 March, 11 June to
                                                             20     June,     11     September    to
                                                             20             September            and
                                                             11 December to 20 December
                                                             (all dates inclusive) in each year until
                                                             the Applicable Redemption Date, or 10
                                                          (ten) days prior and including any
                                                          Payment Day


Last Day to Register                                      10 March, 10 June, 10 September and
                                                          10 December 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 20 March, 20 June, 20
                                                          September and 20 December of each
                                                          calendar year or, if 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 the Applicable Pricing
                                                          Supplement), with the first Interest
                                                          Payment             Date         being
                                                          20 March 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC238

ISIN                                                      ZAG000193426

Aggregate Nominal Amount of Notes Outstanding             ZAR10,072,104,752      (ten   billion
under the Programme after this issuance                   seventy two million one hundred and
                                                          four thousand seven hundred and fifty
                                                          two Rand).


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