Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP10
JSE Issuer Share Code: IVES
ISIN: MU0455S00099
LEI Number: 213800VEN92NOOOJF520


INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP10 CREDIT-LINKED
UNSECURED REDEEMABLE CUMULATIVE NON-PARTICIPATING NO PAR VALUE
PREFERENCE SHARES (CREDIT-LINKED REDEEMABLE PREFERENCE SHARES):
IMRP10

Following the establishment of a Medium Term Note and Preference Share Programme
(‘the Programme’) for the inward listing of notes or preference shares on the Johannesburg
Stock Exchange, the amended and restated Programme Memorandum (“the Programme
Memorandum”) dated 1 July 2019 in respect of the Programme was approved by the JSE
Limited (“the JSE”) on 1 July 2019.

Investors are advised that, following a successful private placement, the JSE has approved
the inward listing of 3,750 Credit-Linked Redeemable Preference Shares, as Class IMRP10
with effect from Tuesday, 18 July 2023 (“the listing date”) in the “Preference Share” sector
of the Main Board with the abbreviated name “IMRPREF10”, alpha code IMRP10 and ISIN
code MU0455S00099.

Salient features of the Class IMRP10 Redeemable Preference Shares are detailed
below:

Issuer                         Investec Bank (Mauritius) Limited
Instrument code                IMRP10
ISIN                           MU0455S00099
Instrument                     Credit-Linked Unsecured Redeemable Cumulative Non-
                               Participating Preference Shares
Aggregate Issue
                               R150 000 000
price
Issue price per share          R40,000.00
Issue date                     18 July 2023
Dividend rate(s)               ZAR-JIBAR-SAFEX with a Designated Maturity of 3 (three)
                               months plus the applicable Margin
Dividend                       Issue Date
commencement date
Dividend payment               20 June and 20 December of each year, and the Final
dates                          Redemption Date or any earlier date on which this Tranche
                        of Programme Preference Shares are Redeemed, with the
                        first Dividend Payment Date being 20 December 2023.

Margin                  0.10% (0.10 percent)

Scheduled               20 June 2028
Termination Date
Business day            Following Business Day
convention
Total amount in         R3,101,549,310.00
issue, after this
issuance
Final Redemption        As determined in accordance with Condition 4.1 and 4.2 of
Amount                  the Credit Linked Conditions
Final Redemption        The Final Redemption Date (as defined in the Credit Linked
Date                    Conditions)
Additional Terms        as set out in Annexure A of the Applicable Pricing
and                     Supplement. The Additional Terms/changes relate to
conditions/changes      Terms      Adjustments:    Issuer,   Terms   Adjustment:
to the Programme        Programme Preference Shareholder, the cancellation of
Memorandum              the payment of Preference Dividends if an Event
                        Determination Date occurs, the disapplication of certain
                        terms set out in the Programme Memorandum, conditions
                        relating to early redemption of the Programme Preference
                        Shares and the payment of unwind costs.


18 July 2023
Johannesburg

Sponsor:
Investec Bank Limited