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 – IBL287

Application has been made to the JSE Limited (“JSE”) for the listing of R250,000,000 (two
hundred and fifty million Rand) Senior Unsecured Floating Rate Notes (stock code IBL287),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 17 March 2021.

The IBL287 Notes will be issued to Noteholders on the date of listing being
29 February 2024 with effect from commencement of trade.

Salient features of the IBL287 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior Unsecured Notes

Issue Date                                               29 February 2024


Aggregate Nominal Amount                                 R250,000,000 (two hundred and
                                                         fifty million Rand)

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

Interest Rate                                            The Note will have an Interest Rate
                                                         of

                                                         (a) the Reference Rate plus the
                                                         Margin (0.95%) for the period from
                                                         the Issue Date to but excluding the
                                                         Optional Redemption Date; and

                                                         (b) From and including the Optional
                                                         Redemption     Date     until   but
                                                         excluding the Maturity Date, the
                                                         Reference Rate plus the 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
Optional Redemption Date           28 February 2025 (as adjusted in
                                   accordance with the applicable
                                   Business Day Convention)

Optional Redemption Amount         the Early Redemption Amount

Maturity Date                      28 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)

Early Redemption Amount            The aggregate outstanding Nominal
                                   Amount (plus accrued interest, if
                                   any, to the date of redemption)

Interest Commencement Date         29 February 2024

Books Close Dates                  The Register will be closed from
                                   19 February to 28 February, 19 May
                                   to 28 May, 19 August to 28 August
                                   and 19 November to 28 November
                                   (all dates inclusive) in each year
                                   until the Applicable Redemption
                                   Date, or 10 days prior to any
                                   Payment Day

Last Day to Register               18 February, 18 May, 18 August
                                   and 18 November 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 28 February, 28 May,
                                   28 August and 28 November of
                                   each year, provided that the first
                                   Interest Payment Date shall be on
                                   28 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                                      IBL287

ISIN                                                ZAG000203563

Aggregate Nominal Amount of Notes Outstanding R41,316,089,015 (forty one billion
in the Series including this issuance but excluding three hundred and sixteen million
all other issuances on this Issue Date              eighty nine thousand and fifteen
                                                    Rand) only


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: 28 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za