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 – IBL268

Application has been made to the JSE Limited (“JSE”) for the listing of R250,000,000 (two
hundred and fifty million Rand) senior unsecured floating rate Notes (stock code IBL268),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.

The IBL268 Notes will be issued to Noteholders on the date of listing being
24 February 2023 with effect from commencement of trade.

Salient features of the IBL268 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               24 February 2023

Aggregate Nominal Amount of Tranche                      R250,000,000 (two hundred and
                                                         fifty million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            Floating Rate

Margin                                                   1.80%, subject to the Maximum
                                                         Interest Rate

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

Maximum Interest Rate                                    10.20% nacq

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

Maturity Date                                            24 February 2028

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                          24 February 2023


Books Close Dates                                   The Register will be closed from
                                                    15 February to 24 February, 15
                                                    May to 24 May, 15 August to 24
                                                    August and 15 November to 24
                                                    November (all dates inclusive) in
                                                    each year until the Applicable
                                                    Redemption Date, or 10 days prior
                                                    to any Payment Day

Last Day to Register                                14 February, 14 May, 14 August
                                                    and 14 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 24 February, 24 May, 24
                                                    August and 24 November of each
                                                    year, provided that the first
                                                    Interest Payment Date shall be on
                                                    24 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                                      IBL268

ISIN                                                ZAG000194127


Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           ZAR44,901,441,515 (Forty Four
excluding all other issuances on this Issue Date    Billion Nine Hundred and 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: 23 February 2023

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