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 – IBL267

Application has been made to the JSE Limited (“JSE”) for the listing of R800,000,000 (eight
hundred million Rand) senior unsecured floating rate Notes (stock code IBL267), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.

The IBL267 Notes will be issued to Noteholders on the date of listing being
16 February 2023 with effect from commencement of trade.

Salient features of the IBL267 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               16 February 2023

Aggregate Nominal Amount of Tranche                      R800,000,000       (eight   hundred
                                                         million 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
                                                         1.60% 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                                            16 February 2028
Optional Redemption Date           16 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         16 February 2023


Books Close Dates                  The Register will be closed from 7
                                   February to 16 February, 7 May to
                                   16 May, 7 August to 16 August and
                                   7 November to 16 November (all
                                   dates inclusive) in each year until
                                   the Applicable Redemption Date, or
                                   10 days prior to any Payment Day

Last Day to Register               6 February, 6 May, 6 August and 6
                                   November 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 16 February, 16 May, 16
                                   August and 16 November of each
                                   year, provided that the first Interest
                                   Payment Date shall be on 16 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                     IBL267

ISIN                               ZAG000193673
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           ZAR45,751,441,515.00 (forty-five
excluding all other issuances on this Issue Date    billion seven 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: 15 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za