Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP13
JSE Issuer Share Code: IVES
ISIN: MU0455S00131
LEI Number: 213800VEN92NOOOJF520


INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP13 CREDIT-LINKED
UNSECURED REDEEMABLE CUMULATIVE NON-PARTICIPATING NO PAR VALUE
PREFERENCE SHARES (CREDIT-LINKED REDEEMABLE PREFERENCE SHARES):
IMRP13

Following the establishment of a Medium Term Note and Preference Share Programme
(‘the Programme’) for the inward listing of notes or preference shares on the Johannesburg
Stock Exchange, the amended and restated Programme Memorandum (“the Programme
Memorandum”) dated 1 July 2019 in respect of the Programme was approved by the JSE
Limited (“the JSE”) on 1 July 2019.

Investors are advised that, following a successful private placement, the JSE has approved
the inward listing of 7,500 Credit-Linked Redeemable Preference Shares, as Class IMRP13
with effect from Thursday, 14 December 2023 (“the listing date”) in the “Preference Share”
sector of the Main Board with the abbreviated name “IMRPREF13”, alpha code IMRP13 and
ISIN code MU0455S00131.

Salient features of the Class IMRP13 Redeemable Preference Shares are detailed
below:

Issuer                        Investec Bank (Mauritius) Limited
Instrument code               IMRP13
ISIN                          MU0455S00131
Instrument                    Credit-Linked Unsecured Redeemable Cumulative Non-
                              Participating Preference Shares
Aggregate Issue
                              R300 000 000
price
Issue price per share         R40,000.00
Issue date                    14 December 2023
Dividend rate(s)              ZAR-JIBAR-SAFEX with a Designated Maturity of 3 (three)
                              months plus the applicable Margin
Dividend                      Issue Date
commencement date
Dividend payment        20 March, 20 June, 20 September and 20 December of
dates                   each year, and the Final Redemption Date or any earlier
                        date on which this Tranche of Programme Preference
                        Shares are Redeemed, with the first Dividend Payment
                        Date being 20 March 2024.

Margin                  -0.0142% (minus zero point zero one four two percent)

Scheduled               20 December 2028
Termination Date
Business day            Following Business Day
convention
Total amount in         R3,788,733,248.96
issue, after this
issuance
Final Redemption        As determined in accordance with Condition 4.1 and 4.2 of
Amount                  the Credit Linked Conditions
Final Redemption        The Final Redemption Date (as defined in the Credit Linked
Date                    Conditions)
Additional Terms        as set out in Annexure A of the Applicable Pricing
and                     Supplement. The Additional Terms/changes relate to
conditions/changes      Terms      Adjustments:    Issuer,   Terms   Adjustment:
to the Programme        Programme Preference Shareholder, the cancellation of
Memorandum              the payment of Preference Dividends if an Event
                        Determination Date occurs, the disapplication of certain
                        terms set out in the Programme Memorandum, conditions
                        relating to early redemption of the Programme Preference
                        Shares and the payment of unwind costs.




13 December 2023
Johannesburg

Sponsor:
Investec Bank Limited