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 – IVC256

Application has been made to the JSE Limited (“JSE”) for the listing of R70,000,000 (seventy million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC256), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC256 Notes will be issued to Noteholders on the date of listing being with effect from
7 June 2023 commencement of trade.

Salient features of the IVC256 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                                                   7 June 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of:
                                                             3.00% (three 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 11
                                                          January to 20 January, 11 April to 20
                                                          April, 11 July to 20 July and 11 October
                                                          to 20 October (all dates inclusive) in
                                                          each year until the Applicable
                                                          Redemption Date, or 10 (ten) days prior
                                                          and including any Payment Day


Last Day to Register                                      10 January, 10 April, 10 July and 10
                                                          October     until   the    Applicable
                                                          Redemption Date, or if such day is not
                                                          a Business Day, the Business Day
                                                          before each Books Closed Period, or the
                                                          last Business Day immediately
                                                          preceding the commencement of the
                                                          Books Closed Period

Interest Payment Dates                                    means 20 January, 20 April, 20 July and
                                                          20 October 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 July 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC256

ISIN                                                      ZAG000ZAG000196783

Aggregate Nominal Amount of Notes Outstanding             ZAR10,422,052,406 (ten billion four
under the Programme after this issuance                   hundred and twenty two million fifty
                                                          two thousand and 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: 5 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za