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 – IVC264

Application has been made to the JSE Limited (“JSE”) for the listing of R65,000,000 (sixty five million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC264), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC264 Notes will be issued to Noteholders on the date of listing being with effect from
25 July 2023 commencement of trade.

Salient features of the IVC264 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                                                     25 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
                                                               260bps from the date beginning on and
                                                               including the Issue Date to but
                                                               excluding the Scheduled Maturity Date
Scheduled Maturity Date                                        20 July 2028

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                                            11 October to 20 October, 11 January to
                                                              20 January, 11 April to 20 April and 11
                                                              July to 20 July (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                                         20 October, 20 January, 20 April and 20
                                                               July 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 20 October 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC264

ISIN                                                      ZAG000197849

Aggregate Nominal Amount of Notes Outstanding             ZAR 11,332,052,406 (eleven billion
under the Programme after this issuance                   three hundred and thirty 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: 24 July 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za