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 – IBL232

Application has been made to the JSE Limited (“JSE”) for the listing of R500,000,000 (five
hundred million Rand) senior unsecured fixed rate Notes (stock code IBL232), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.

The IBL232 Notes will be issued to Noteholders on the date of listing being 24 June 2022
with effect from commencement of trade.

Salient features of the IBL232 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               24 June 2022

Aggregate Nominal Amount of Tranche                      R500,000,000 (five hundred million
                                                         Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            8.95% nacs

Interest Determination Date                              means the Interest Commencement
                                                         Date and every Interest Payment
                                                         Date thereafter

Maximum Interest Rate                                    N/A

Maturity Date                                            24 June 2025

Issue price per Note                                     100%

Final Redemption Amount per Note                         The Nominal Amount per Note (plus
                                                         accrued unpaid interest, if any, to
                                                         the Maturity Date)

Interest Commencement Date                               24 June 2022

Books Close Dates                                        The Register will be closed from 15
                                                         June to 24 June and 15 December
                                                         to 24 December (alll dates inclusive)
                                                         in each year until the Applicable
                                                      Redemption Date, or 10 days prior
                                                      to any Payment Day

Last Day to Register                                  14 June and 14 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                                means 24 June and 24 December of
                                                      each year, provided that the first
                                                      Interest Payment Date shall be on
                                                      24 December 2022. If any 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 this
                                                      Applicable Pricing Supplement)

Business Day Convention                               Following Business Day

JSE Stock Code                                        IBL232

ISIN                                                  ZAG000187402

Aggregate Nominal Amount of Notes Outstanding         R46,892,103,400 (forty-six billion
in the Series including this issuance and all other   eight hundred and ninety two million
issuances on this Issue Date                          one hundred and three thousand
                                                      and four hundred 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: 20 June 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za