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 – IVC249

Application has been made to the JSE Limited (“JSE”) for the listing of R80,000,000 (eighty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC249), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC249 Notes will be issued to Noteholders on the date of listing being with effect from
21 April 2023 commencement of trade.

Salient features of the IVC249 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                                                21 April 2023

Nominal Amount per Note                                   R1,000,000

Interest Rate                                             2.45% (two point four five percent) plus
                                                          ZAR-JIBAR-SAFEX with a Designated
                                                          Maturity of 3 months for the period
                                                          beginning on and including the Issue Date
                                                          to but excluding the Scheduled Maturity
                                                          Date
Interest Rate Determination Date(s)                       21 April, 21 July, 21 October and 21
                                                          January in each 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 Rate Determination Date
                                                          being the Interest Commencement Date
Scheduled Maturity Date                                   21 July 2028

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 12 July
                                                    to 21 July, 12 October to 21 October, 12
                                                    January to 21 January and 12 April to 21
                                                    April (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                                11 July, 11 October, 11 January and 11
                                                    April 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 21 July, 21 October, 21 January
                                                    and 21 April 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
                                                    21 July 2023


Business Day Convention                             Following Business Day

JSE Stock Code                                      IVC249

ISIN                                                ZAG000195660


Aggregate Nominal Amount of Notes Outstanding       ZAR10,537,052,406 (ten billion five
under the Programme after this issuance             hundred and thirty seven million fifty two
                                                    thousand four hundred and six 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: 20 April 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za