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 – IVC265

Application has been made to the JSE Limited (“JSE”) for the listing of R225,000,000 (two hundred
and twenty five million Rand) senior unsecured floating rate credit linked Notes (stock code IVC265),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC265 Notes will be issued to Noteholders on the date of listing being with effect from
22 September 2023 commencement of trade.

Salient features of the IVC265 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                                                   22 September 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of
                                                             175bps from the date beginning on and
                                                             including the Issue Date to but
                                                             excluding the Scheduled Maturity Date
Scheduled Maturity Date                                      20 January 2029

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                                           The Register will be closed from:
                                                             (i)     11 October to 20 October,
                                                                     11 January to 20 January,
                                                                     11 April to 20 April and
                                                                     11 July to 20 July in each year
                                                                     (all dates inclusive) until the
                                                                     Applicable Redemption Date, or
                                                             (ii)    10 (ten) days prior to any
                                                                     Payment Day
Last Day to Register                                         The last Business Day immediately
                                                             preceding the commencement of the
                                                             Books Closed Period
Interest Payment Dates                                    Means 20 October, 20 January, 20 April
                                                          and 20 July in each year and the
                                                          Scheduled Maturity Date being 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                                            IVC265

ISIN                                                      ZAG000198235

Aggregate Nominal Amount of Notes Outstanding             ZAR11,767,052,406 (eleven billion
under the Programme after this issuance                   seven hundred sixty seven 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: 21 September 2023
Debt Sponsor:
Investec Bank Limited
Jayshree.Pather@investec.co.za