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 – IVC275

Application has been made to the JSE Limited (“JSE”) for the listing of R120,000,000 (One hundred
and twenty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC275),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC275 Notes will be issued to Noteholders on the date of listing being with effect from
6 October 2023 commencement of trade.

Salient features of the IVC275 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                                                 6 October 2023

Nominal Amount per Note                                    R1,000,000

Interest Rate                                              ZAR-JIBAR-SAFEX with a Designated
                                                           Maturity of 3 months plus a margin of
                                                           252bps 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, 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                                       10 October, 10 January, 10 April,
                                                           10 July 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 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                                            IVC275

ISIN                                                      ZAG000199886

Aggregate Nominal Amount of Notes Outstanding             ZAR11,411,752,406 (eleven billion four
under the Programme after this issuance                   hundred and eleven million seven
                                                          hundred and 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: 4 October 2023

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