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 – IBL278

Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate Notes (stock code IBL278), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.

The IBL278 Notes will be issued to Noteholders on the date of listing being
24 August 2023 with effect from commencement of trade.

Salient features of the IBL278 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               24 August 2023

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

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            Floating Rate, Reference Rate
                                                         plus Margin

Margin                                                   1.10%

Reference Rate                                           ZAR-JIBAR-SAFEX with a
                                                         Designated Maturity of 3 months,
                                                         plus the Margin

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

Maturity Date                                            24 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                               24 August 2023
Books Close Dates                                        The Register will be closed from
                                                         15 February to 24 February, 15
                                                         May to 24 May, 15 August to 24
                                                         August and 15 November to 24
                                                         November (all dates inclusive) in
                                                         each year until the Applicable
                                                         Redemption Date, or 10 days prior
                                                         to any Payment Day

Last Day to Register                                     14 February, 14 May, 14 August
                                                         and 14 November 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 February, 24 May, 24
                                                         August and 24 November of each
                                                         year, provided that the first Interest
                                                         Payment Date shall be on 24
                                                         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                                           IBL278

ISIN                                                     ZAG000198714

Aggregate Nominal Amount of Notes Outstanding            ZAR42,075,589,015       (forty-two
in the Series including this issuance but                billion seventy-five million five
excluding all other issuances on this Issue Date         hundred and eighty nine thousand
                                                         and fifteen Rand) under the
                                                         Programme


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