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 – IBL284

Application has been made to the JSE Limited (“JSE”) for the listing of R40,000,000 (forty
million Rand) senior unsecured mixed rate Notes (stock code IBL284), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated
17 March 2021.

The IBL284 Notes will be issued to Noteholders on the date of listing being
15 February 2024 with effect from commencement of trade.

Salient features of the IBL284 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               15 February 2024


Aggregate Nominal Amount of Tranche 1                    R40,000,000 (forty million Rand)


Nominal Amount per Note                                  R1,000,000 (one million Rand)

Interest Rate                                            The Note will be Floating Rate
                                                         Notes, with the Interest Rate being
                                                         the Reference Rate plus the Margin,
                                                         for the period from and including the
                                                         Issue Date to, but excluding, the
                                                         Interest     Payment      Date     of
                                                         15 February 2025 (such date being
                                                         subject to the applicable Business
                                                         Day Convention)

                                                         The Note will be Fixed Rate Notes
                                                         with an Interest Rate of 8.90% nacq
                                                         for the period from and including the
                                                         Interest     Payment      Date     of
                                                         15 February 2025 (such date being
                                                         subject to the applicable Business
                                                         Day Convention) to, but excluding,
                                                         the Maturity Date

Margin                                                   1.05%
Reference Rate                     The ZAR-JIBAR-SAFEX with a
                                   Designated Maturity of 3 months

Interest Determination Date        The Interest Commencement Date
                                   and every Interest Payment Date
                                   thereafter

Maturity Date                      15 February 2026

Issue price per Note               100%

Final Redemption Amount per Note   The Nominal Amount per Note (plus
                                   accrued unpaid interest, if any, to
                                   the Maturity Date)

Interest Commencement Date         15 February 2024

Books Close Dates                  The Register will be closed from
                                   (i) 6 to 15 May, 6 to 15 August,
                                        6 to 15 November and
                                        6 to 15 February (all dates
                                        inclusive) until the Applicable
                                        Redemption Date, or,
                                   (ii) 10 days prior to any Payment
                                        Day

Last Day to Register               5 May, 5 August, 5 November and
                                   5 February 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 15 May, 15 August,
                                   15 November and 15 February,
                                   provided that the first Interest
                                   Payment Date shall be on
                                   15 May 2024. If any 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)

Business Day Convention            Following Business Day

JSE Stock Code                     IBL284
ISIN                                                 ZAG000203175

Aggregate Nominal Amount of Notes Outstanding R 42,289,089,015 (forty-two billion
in the Series including this issuance but excluding two hundred and eighty nine million
all other issuances on this Issue Date              eighty nine thousand and fifteen
                                                    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: 14 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za