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 – IVC261

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 IVC261), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC261 Notes will be issued to Noteholders on the date of listing being with effect from
6 July 2023 commencement of trade.

Salient features of the IVC261 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                                                  6 July 2023

Nominal Amount per Note                                     R1,000,000

Interest Rate                                               ZAR-JIBAR-SAFEX with a Designated
                                                            Maturity of 3 months plus a margin of
                                                            125bps 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
                                                            145bps from the date beginning on and
                                                            including the Optional Redemption
                                                            Date (Call) to but excluding the
                                                            Scheduled Maturity Date
Scheduled Maturity Date                                     26 January 2025

Optional Redemption Date (Call)                             26 January 2024 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                                          17 July to 26 July, 17 October to
                                                            26 October, 17 January to 26 January
                                                            and 17 April to 26 April (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                                      the last Business Day immediately
                                                          preceding the commencement of the
                                                          Books Closed Period

Interest Payment Dates                                    26 July, 26 October, 26 January and 26
                                                          April 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 26 July 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC261

ISIN                                                      ZAG000197518

Aggregate Nominal Amount of Notes Outstanding             ZAR10,992,052,406 (ten billion nine
under the Programme after this issuance                   hundred and ninety-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: 5 July 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za