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 – IBL228

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (Fifty
Million Rand) senior unsecured floating rate Notes (stock code IBL228), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.

The IBL228 Notes will be issued to Noteholders on the date of listing being 9 June 2022 with
effect from commencement of trade.

Salient features of the IBL228 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               9 June 2022

Aggregate Nominal Amount of Tranche                      R50,000,000 (Fifty Million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            the Reference Rate

Margin                                                   2.05% (two point zero five percent)

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

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

Maximum Interest Rate                                    9.50% nacq (nine point five zero
                                                         percent    nominal        annual
                                                         compounded quarterly)

Maturity Date                                            9 June 2027

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                         9 June 2022

Books Close Dates                                  The Register will be closed from 30
                                                   May to 9 June, 30 August to 9
                                                   September, 29 November to 9
                                                   December and 27 February to 9
                                                   March (all dates inclusive) in each
                                                   year     until    the    Applicable
                                                   Redemption Date, or 10 days prior
                                                   to any Payment Day

Last Day to Register                               29 May, 29 August, 28 November
                                                   and 26 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 9 June, 9 September, 9
                                                   December and 9 March of each
                                                   year, provided that the first Interest
                                                   Payment Date shall be on 9
                                                   September 2022. 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                                     IBL228

ISIN                                               ZAG000186693

Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but          R45,992,103,400 (Forty Five Billion
excluding all other issuances on this Issue Date   Nine Hundred and Ninety Two
                                                   Million One Hundred and Three
                                                   Thousand Four Hundred Rand)
                                                   including this Tranche of Notes but
                                                   excluding all other Notes and
                                                   Programme Preference Shares
                                                   issued on the Issue Date
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: 6 June 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za