INVESTEC BANK LIMITED NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIJB Investec Structured Product Notes Commencement Date: 9 November 2022 Index Basket of Shares Shares Prosus NV (JSE: PRX) Tencent Holdings Limited (Hong Kong: 700HK) Strike Price ZAR1,000 Expiry Date 9 November 2023 Cover Ratio 1:1 Call/Put/Other Call Style European Issue Size 1,000,000 JSE Code IBLIJB ISIN Code ZAE000315867 On 4 September 2023, Prosus NV (“Prosus”) announced the finalization of the Prosus Capitalisation Issue, whereby 1.17960 new listed Prosus Ordinary Shares N will be issued for each existing Prosus Ordinary Share N held as at the Transaction Record Date, and with Naspers Limited having irrevocably and antecedently waived its entitlement under the Prosus Capitalisation Issue, resulting in a total of 808,533,377 new listed Prosus Ordinary Shares N issued to Prosus Free-Float Shareholders. For further information, please refer to: https://www.prosus.com/news-insights/regulatory-updates/2023/finalisation-announcement-in-respect-of-the-prosus- capitalisation-issue Key dates in the timeline are as follows: Last day to trade in Prosus Ordinary Shares N on the JSE and the A2X prior to the Prosus Tuesday, 12 September 2023 Capitalisation Issue, on Date when trading in Prosus Ordinary Shares N takes place "ex" the entitlement to participate Wednesday, 13 September 2023 in the Prosus Capitalisation Issue on the JSE and the A2X, on Transaction Record Date for the Prosus Capitalisation Issue, on Friday, 15 September 2023 Treatment: Holders are advised that the Long Equity Quantity of each Note will be increased by the Prosus Capitalisation Entitlement factor of 1.17960 to account for the above mentioned corporate action, as determined by Investec Bank Limited in their capacity as calculation agent. The Note adjustment shall be effective Wednesday, 13 September 2023. Calculation: Alpha Code IBLIJB Current Long Equity Quantity per Basket 1.115436526084480 (A) Prosus Capitalisation Entitlement factor 1.17960 (B) New Long Equity Quantity per Basket 2.431205452253730 [A x (1+B)] Effective date: The ZAR adjustment amount shall be applied to each certificate, effective 13 September 2023. Any capitalized terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation. Date: 13 September 2023 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 Copies of Warrant issue documentation can be located on: Internet: www.investecwarrants.com Place and Date of Incorporation of the Issuer: Incorporated in the Republic of South Africa Registration Number: 1969/004763/06 Date of Incorporation: 31 March 1969 For further information kindly contact: Investec Financial Products Tel.: +27 11 286 9663 E-mail: FPRetail@investec.co.za Sponsor: Investec Bank Limited Member of the JSE Registration Number: 1969/004763/06