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 – IVC291
Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (two hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC291), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC291 Notes will be issued to Noteholders on the date of listing being with effect from
5 February 2024 commencement of trade.

Salient features of the IVC291 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                                                   5 February 2024

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of:
                                                             2.30% (two point three zero percent) for
                                                             the period beginning on and including
                                                             the Issue Date to but excluding the
                                                             Scheduled Maturity Date
Scheduled Maturity Date                                      20 January 2029

Optional Redemption Date (Call)                              N/A
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    April   to   20     April,
                                                                      11     July   to   20     July,
                                                                      11 October to 20 October,
                                                                      11 January to 20 January in
                                                                      each year (all dates inclusive)
                                                                      until the Scheduled Maturity
                                                                      Date or
                                                          (ii)     10 (ten) days prior to any
                                                                   Payment Day
Last Day to Register                                      10 April, 10 July, 10 October,
                                                          10 January 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 April, 20 July, 20 October and
                                                          20 January 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 April 2024
Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC291

ISIN                                                      ZAG000202888

Aggregate Nominal Amount of Notes Outstanding             ZAR12,733,252,406 (twelve billion
under the Programme after this issuance                   seven hundred and thirty three million
                                                          two 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: 5 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za