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 – IVC259

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC259), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC259 Notes will be issued to Noteholders on the date of listing being with effect from
15 June 2023 commencement of trade.

Salient features of the IVC259 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                                                 15 June 2023

Nominal Amount per Note                                    R1,000,000

Interest Rate                                              JIBAR-SAFEX with a Designated
                                                           Maturity of 3 months plus a margin of:
                                                               -    3.30% (three point three 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)
                                                           subject to the Maximum Interest Rate


Maximum Interest Rate                                      12.35%


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
                                                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 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 the last
                                                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 September 2023


Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC259

ISIN                                            ZAG000196999


Aggregate Nominal Amount of Notes Outstanding   ZAR10,812,052,406 (ten billion eight
under the Programme after this issuance         hundred and twelve 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: 14 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za