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 – IVC247

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty million
Rand) senior unsecured indexed redemption amount basket credit linked Notes (stock code IVC247),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC247 Notes will be issued to Noteholders on the date of listing being with effect from
4 April 2023 on commencement of trade.

Salient features of the IVC247 Notes are listed below:

Issuer                                                     Investec Bank Limited

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

Instrument                                                 Senior unsecured credit linked basket
                                                           Notes

Issue Date                                                 4 April 2023

Nominal Amount per Note                                    R1,000,000

Interest Rate                                              N/A. The Notes are             Indexed
                                                           Redemption Amount Notes


Scheduled Maturity Date                                    31 March 2028

Optional Redemption Date (Call)                            N/A


Issue price per Note                                       100%

Final Redemption Amount of the Notes
                                                           The Aggregate Principal Amount of the
                                                           Notes x [CPIF/CPII + FO x Days/365],

                                                           Where:

                                                           The Aggregate Principal Amount of the
                                                           Notes is ZAR50,000,000 (fifty million
                                                           Rand) on the Issue Date, subject to the
                                                           occurrence of an Event Determination
                                                           Date in respect of any or more of the
                                                Reference Entities, whereupon the
                                                Aggregate Principal Amount of the
                                                Notes will be reduced by each Cash
                                                Settlement Amount

                                                CPIF is the Reference CPI (as defined
                                                in item 42 of the Applicable Pricing
                                                Supplement) on the Scheduled Maturity
                                                Date

                                                CPII is the Reference CPI on the Issue
                                                Date being 107.19000

                                                FO is the Fixed Outperformance = 4.1%
                                                per annum

                                                Days is the number of days from the
                                                Issue Date to the Scheduled Maturity
                                                Date

                                                Day Count Fraction: Actual/365

Interest Commencement Date                      N/A

Books Close Period                              The Register will be closed from
                                                22 March 2028 to 31 March 2028 or 10
                                                (ten) days prior to any Payment Day


Last Day to Register                            the last Business Day immediately
                                                preceding the commencement of the
                                                Books Closed Period

Interest Payment Dates                          N/A


Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC247

ISIN                                            ZAG000195348


Aggregate Nominal Amount of Notes Outstanding   ZAR10,959,984,752 (Ten Billion Nine
under the Programme after this issuance         Hundred Fifty Nine Million Nine
                                                Hundred Eighty 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: 4 April 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za