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 – IVC263

Application has been made to the JSE Limited (“JSE”) for the listing of R350,000,000 (three hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC263), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC263 Notes will be issued to Noteholders on the date of listing being with effect from
12 July 2023 commencement of trade.

Salient features of the IVC263 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                                                   12 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
                                                             160bps 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
                                                             175bps from the date beginning on and
                                                             including the Optional Redemption
                                                             Date (Call) to but excluding the
                                                             Scheduled Maturity Date
Scheduled Maturity Date                                      2 November 2027

Optional Redemption Date (Call)                              2 November 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 January to 2 February, 23 April to 2
                                                             May, 24 July to 2 August and 24 October
                                                             to 2 November (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                                    2 February, 2 May, 2 August and 2
                                                          November      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 August 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC263

ISIN                                                      ZAG000197591

Aggregate Nominal Amount of Notes Outstanding             ZAR11,268,052,406 (eleven billion two
under the Programme after this issuance                   hundred and sixty-eight 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: 11 July 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za