INVESTEC BANK LIMITED Underlying Asset SCOR SE (Paris) Strike Price 2500.57 Expiry Date 26 May 2027 Cover Ratio 1:1 Call/Put/Other Call Style Bermudan Issue Size 100 000 JSE Code SCRIIB ISIN Code ZAE000311254 UPDATE ANNOUNCEMENT – NO EXERCISE OF SCRIIB AUTOCALL NOTES (AUTOCALLS) ON 24 MAY 2023 Holders are referred to the SENS announcement dated 12 May 2023, the conditions for Exercise were not met and the Autocalls were not automatically exercised on 24 May 2023. The dates referred to in the SENS announcement dated 12 May 2023 are not applicable. Condition for Exercise Closing level of the Underlying Asset on 24 May 2023, multiplied by the Share Adjustment Factor, is greater than the Initial Asset Price Closing level of the Underlying 2332.82 Asset on 24 May 2023, multiplied by the Share Adjustment Factor Remaining Exercise Dates Friday, 24 May 2024 Monday, 26 May 2025 Monday, 25 May 2026 Wednesday, 26 May 2027 Date: 25 May 2023 Copies of Warrant issue documentation can be located on: Internet: www.investecwarrants.com 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