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No exercise of IMPIIB autocall notes

Published: 2023-05-10 11:05:18 ET
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INVESTEC BANK LIMITED


 Underlying Asset                   Impala Platinum Holdings Ltd (Johannesburg)

 Strike Price                       18665.00

 Expiry Date                        10 May 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 Listing Code                       IMPIIB

 ISIN Code                          ZAE000310637



   UPDATE ANNOUNCEMENT - NO EXERCISE OF IMPIIB AUTOCALL NOTES (AUTOCALLS) ON 9 May 2023

Holders are referred to the SENS announcement dated 21 April 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 9 May 2023. The dates referred to in the SENS announcement dated 21
April 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 09 May 2023, multiplied by the Share
                                          Adjustment Factor, is greater than the Strike Price

 Closing level of the Underlying          17,724.00
 Asset on 09 May 2023

 Remaining Exercise Dates                  Thursday, May 9, 2024
                                           Friday, May 9, 2025
                                           Monday, May 11, 2026
                                           Monday, May 10, 2027



Date: 10 May 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