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 – IVC282
Application has been made to the JSE Limited (“JSE”) for the listing of R70,000,000 (seventy million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC282), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC282 Notes will be issued to Noteholders on the date of listing being with effect from
28 November 2023 commencement of trade.

Salient features of the IVC282 Notes are listed below:

Issuer                                                       Investec Bank Limited

Principal Amount                                             R1,000,000 per Note on the Issue Date

Instrument                                                   Senior     unsubordinated     unsecured
                                                             Notes

Issue Date                                                   28 November 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of
                                                             230bps 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 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 January 2024


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC282

ISIN                                                      ZAG000201435


Aggregate Nominal Amount of Notes Outstanding             ZAR11,781,752,406     (eleven  billion
under the Programme after this issuance                   seven hundred and eighty one million
                                                          seven hundred 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: 24 November 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za