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 – IVC255

Application has been made to the JSE Limited (“JSE”) for the listing of R30,000,000 (thirty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC255), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC255 Notes will be issued to Noteholders on the date of listing being with effect from
2 June 2023 commencement of trade.

Salient features of the IVC255 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                                                  2 June 2023

Nominal Amount per Note                                     R1,000,000

Interest Rate                                               JIBAR-SAFEX with a Designated
                                                            Maturity of 3 months plus a margin of:
                                                            3.10% (three point one zero percent) for
                                                            the period beginning on and including
                                                            the Issue Date to but excluding the
                                                            Scheduled Maturity Date (adjusted in
                                                            accordance with the applicable
                                                            Business Day Convention)


Scheduled Maturity Date                                     20 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
                                                (i)    11 March to 20 March, 11 June
                                                       to 20 June, 11 September to 20
                                                       September and 11 December to
                                                       20 December and 11 July 2028
                                                       to 20 July 2028 (all dates
                                                       inclusive) in each year until the
                                                       Applicable Redemption Date;
                                                       or
                                                (ii)   10 (ten) days prior and
                                                       including any Payment Day


Last Day to Register                            10 March, 10 June, 10 September
                                                and10 December in each year and 10
                                                July 2028, or if such day is not a
                                                Business Day, the Business Day before
                                                each Books Closed Period, or (if (ii)
                                                above is applicable) the Business Day
                                                immediately        preceding       the
                                                commencement of the Books Closed
                                                Period

Interest Payment Dates                          means 20 March, 20 June, 20
                                                September and 20 December of each
                                                calendar year and the Scheduled
                                                Maturity Date 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
                                                20 June 2023 and the final Interest
                                                Payment Date being 20 July 2028


Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC255

ISIN                                            ZAG000196700


Aggregate Nominal Amount of Notes Outstanding   ZAR10,352,052,406 (Ten Billion Three
under the Programme after this issuance         Hundred Fifty Two 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: 1 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za