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 – IBL288

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 IBL288),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.

The IBL288 Notes will be issued to Noteholders on the date of listing being
22 March 2024 with effect from the commencement of trade.

Salient features of the IBL288 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior Unsecured Notes

Issue Date                                               22 March 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 Notes 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
                                                         22 March 2029


Margin                                                   1.25%

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                                            22 March 2029

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                          22 March 2024

Books Close Dates                                   The Register will be closed from
                                                    (i) 13 June to 22 June,
                                                         13         September         to
                                                         22 September, 13 December
                                                         to 22 December, and 13 March
                                                         to 22 March (all dates
                                                         inclusive) until the Applicable
                                                         Redemption Date, or,
                                                    (ii) 9 days prior to any Payment
                                                         Day

Last Day to Register                                12    June,      12     September,
                                                    12 December and 12 March 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                              22 March, 22 June, 22 September
                                                    and 22 December, provided that the
                                                    first Interest Payment Date shall be
                                                    on 22 June 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                                      IBL288
ISIN                                                ZAG000204041


Aggregate Nominal Amount of Notes Outstanding R41,621,589,015 (forty one billion
in the Series including this issuance but excluding six hundred and twenty one million
all other issuances on this Issue Date              five hundred 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: 19 March 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za