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 – IVC242

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 credit linked Notes (stock code IVC242), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC242 Notes will be issued to Noteholders on the date of listing being with effect from
2 March 2023 commencement of trade.

Salient features of the IVC242 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                                                   2 March 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of:
                                                              2.50% (two point five zero percent) for
                                                             the period beginning on and including
                                                             the Issue Date to but excluding the
                                                             Optional Redemption Date (Call)
                                                             (adjusted in accordance with the
                                                             applicable Business Day Convention);
                                                             and


                                                             3.50% (three point five zero percent)
                                                             for the period beginning on and
                                                             including the Optional Redemption
                                                             Date (Call) to but excluding the
                                                             Scheduled Maturity Date (adjusted in
                                                             accordance with the applicable
                                                             Business Day Convention)


Scheduled Maturity Date                                      2 June 2031

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 from 24
                                                May to 2 June, 24 August to 2
                                                September, 23 November to 2
                                                December and 21 February to 2 March
                                                (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                            23 May, 23 August, 22 November and
                                                20 February 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 2 June, 2 September, 2
                                                December and 2 March 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
                                                2 June 2023


Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC242

ISIN                                            ZAG000194267


Aggregate Nominal Amount of Notes Outstanding   ZAR10,657,104,752 (ten billion six
under the Programme after this issuance         hundred and fifty seven 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: 1 March 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za