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 – IVC284
Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC284), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC284 Notes will be issued to Noteholders on the date of listing being with effect from
1 December 2023 commencement of trade.

Salient features of the IVC284 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                                                   1 December 2023

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of:
                                                             1.56% (one point five six percent) for
                                                             the period beginning on and including
                                                             the Issue Date to but excluding the
                                                             Optional Redemption Date (Call)


                                                             1.70% (one point seven zero percent)
                                                             from and including the Optional
                                                             Redemption Date (Call) to, but
                                                             excluding the Scheduled Maturity Date


Scheduled Maturity Date                                      20 July 2027

Optional Redemption Date (Call)                              20 July 2025

Issue price per Note                                         100%

Final Redemption Amount per Note                             The outstanding Principal Amount per
                                                             Note (plus accrued unpaid interest, if
                                                             any, up to the Applicable Redemption
                                                             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
                                                          Applicable Redemption 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                                            IVC284

ISIN                                                      ZAG000201732

Aggregate Nominal Amount of Notes Outstanding             ZAR12,301,752,406 (twelve billion
under the Programme after this issuance                   three hundred and one 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: 30 November 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za