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 – IBL277

Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL277), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.

The IBL277 Notes will be issued to Noteholders on the date of listing being 15 August 2023
with effect from commencement of trade.

Salient features of the IBL277 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               15 August 2023

Aggregate Nominal Amount of Tranche                      R100,000,000 (one hundred million
                                                         Rand)

Nominal Amount per Note                                  R1,000,000 (one million Rand)

Interest Rate                                            The Note will be Floating Rate
                                                         Notes, with the Interest Rate being
                                                         the Reference Rate plus the Margin,
                                                         for the period from and including the
                                                         Issue Date to but excluding the
                                                         Interest     Payment      Date     of
                                                         15 February 2025.

                                                         The Note will be Fixed Rate Notes
                                                         with an Interest Rate of 8.91% nacq
                                                         for the period from and including the
                                                         Interest     Payment      Date     of
                                                         15 February 2025 to but excluding
                                                         the Maturity Date.

Margin                                                   1.075%

Reference Rate                                           The ZAR-JIBAR-SAFEX with a
                                                         Designated Maturity of 3 months
Interest Determination Date        The Interest Commencement Date
                                   and every Interest Payment Date
                                   thereafter

Maturity Date                      15 August 2026

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         15 August 2023

Books Close Dates                  The Register will be closed from
                                   (i) 6 August to 15 August,
                                        6 November to 15 November,
                                        6 February to 15 February and
                                        6 May to 15 May (all dates
                                        inclusive) until the Applicable
                                        Redemption Date, or,
                                   (ii) 10 days prior to any Payment
                                        Day

Last Day to Register               25 July, 25 October, 25 January and
                                   24 April 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 15 August, 15 November, 15
                                   February and 15 May, provided that
                                   the first Interest Payment Date shall
                                   be on 15 November 2023. 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                     IBL277

ISIN                               ZAG000198276
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           R41,975,589,015 (forty-one billion
excluding all other issuances on this Issue Date    nine hundred and seventy five
                                                    million five hundred and eighty nine
The Pricing Supplement does not contain any         thousand      and    fifteen  Rand)
additional terms and conditions or changes to the   including this Tranche of Notes but
terms and conditions as contained in the            excluding all other Notes and
Programme Memorandum.                               Programme Preference Shares
                                                    issued on the Issue Date


Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.

Date: 14 August 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za