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Update Announcement - No Exercise Of BHPIIA Autocall Notes On 27 April 2023

Published: 2023-04-28 16:45:26 ET
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INVESTEC BANK LIMITED


 Underlying Asset                   BHP Group (London)

 Strike Price                       2,393.07

 Expiry Date                        26 April 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 Listing Code                       BHPIIA

 ISIN Code                          ZAE000310512


 UPDATE ANNOUNCEMENT - NO EXERCISE OF BHPIIA AUTOCALL NOTES (AUTOCALLS) ON 27 APRIL 2023

Holders are referred to the SENS announcement dated 14 April 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 27 April 2023. The dates referred to in the SENS announcement dated
14 April 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 27 April 2023, multiplied by the Share
                                          Adjustment Factor, is greater than the Strike Price

 Closing level of the Underlying          2,352.50
 Asset on 26 April 2023

 Remaining Exercise Dates                 Monday, 29 April 2024
                                          Monday, 28 April 2025
                                          Monday, 27 April 2026
                                          Tuesday, 27 April 2027



Date: 28 April 2023

Place and Date of Incorporation of the Issuer:
        Incorporated in the Republic of South Africa
        Registration Number: 1969/004763/06
        Date of Incorporation: 31 March 1969


For further information kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za

Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06