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 – IVC260

Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC260), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.

The IVC260 Notes will be issued to Noteholders on the date of listing being with effect from
22 June 2023 commencement of trade.

Salient features of the IVC260 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                                               22 June 2023

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            ZAR-JIBAR-SAFEX         with      a
                                                         Designated Maturity of 3 months
                                                         plus a margin of 150bps from the
                                                         date beginning on and including the
                                                         Issue Date to but excluding the
                                                         Optional Redemption Date (Call);
                                                         ZAR-JIBAR-SAFEX         with      a
                                                         Designated Maturity of 3 months
                                                         plus a margin of 165bps from the
                                                         date beginning on and including the
                                                         Optional Redemption Date (Call) to
                                                         but excluding the Scheduled
                                                         Maturity Date
Scheduled Maturity Date                                  2 October 2026

Optional Redemption Date (Call)                          2 October 2025 the          Optional
                                                         Redemption Date (Call)

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                                  24 March to 2 April, 23 June to 2
                                                    July, 23 September to 2 October and
                                                    24 December to 2 January (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                                23 March, 22 June, 22 September
                                                    and 23 December in each year, 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                              2 April, 2 July, 2 October and 2
                                                    January until the Applicable
                                                    Redemption 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 2 July 2023


Business Day Convention                             Following Business Day

JSE Stock Code                                      IVC260

ISIN                                                ZAG000197070

Aggregate Nominal Amount of Notes Outstanding       ZAR10,962,052,406 (ten billion nine
under the Programme after this issuance             hundred and sixty-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: 21 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za