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 – IBL275

Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate Notes (stock code IBL275,
ZAG000196767), under Investec Bank Limited’s Domestic Medium Term Note and
Preference Share Programme, dated 17 March 2021.

The IBL269 Notes will be issued to Noteholders on the date of listing being 5 June 2023 with
effect from commencement of trade.

Salient features of the IBL275 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               5 June 2023

Aggregate Nominal Amount of Tranche                      R100,000,000 (one hundred million
                                                         Rand)

Nominal Amount per Note                                  R1,000,000 (one million Rand)

Interest Rate                                            The Reference Rate plus the
                                                         Margin, up to the Maximum Interest
                                                         Rate


Margin                                                   1.90%

Maximum Interest Rate                                    11.20% nacq

Reference Rate                                           The ZAR-JIBAR-SAFEX with a
                                                         Designated Maturity of 3 months

Interest Determination Date                              The Interest Commencement Date
                                                         and every Interest Payment Date
                                                         thereafter

Maturity Date                                            5 June 2028

Issue price per Note                                     100%
Final Redemption Amount per Note   The Nominal Amount per Note (plus
                                   accrued unpaid interest, if any, to
                                   the Maturity Date)

Interest Commencement Date         5 June 2023

Books Close Dates
                                   The Register will be closed from:

                                   (i)      27 May to 5 June, 27 August
                                            to    5    September,      26
                                            November to 5 December
                                            and 24 February to 5 March
                                            (all dates inclusive) in each
                                            year until the Applicable
                                            Redemption Date; or

                                   (ii)     10 days prior       to   any
                                            Payment Day

Last Day to Register               26 May, 26 August, 25 November
                                   and 23 February in each year, or if
                                   such day is not a Business Day, the
                                   Business Day before each Books
                                   Closed Period, or, if item (ii) above
                                   is applicable, the Business Day
                                   immediately       preceding       the
                                   commencement of the Books
                                   Closed Period

Interest Payment Dates             Means              5          June,
                                   5 September, 5 December and 5
                                   March each year provided that the
                                   first Interest Payment Date shall be
                                   on 5 September 2023. If any 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 this Applicable Pricing
                                   Supplement)

Business Day Convention            Following Business Day

JSE Stock Code                     IBL275

ISIN                               ZAG000196767
Aggregate Nominal Amount of Notes Outstanding       As at the date of this issue, the
in the Series including this issuance but           Issuer has issued Notes in the
excluding all other issuances on this Issue Date    aggregate      total amount      of
                                                    ZAR43,551,589,015 (forty three
                                                    billion five hundred and fifty one
                                                    million five hundred eighty nine
                                                    thousand and fifteen Rand) under
                                                    the Programme, including this
                                                    Tranche.

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: 2 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za