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 – IBL223

Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (Two
Hundred Million Rand) senior unsecured floating rate Notes (stock code IBL223), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 17 March 2021.

The IBL223 Notes will be issued to Noteholders on the date of listing being 10 May 2022
with effect from commencement of trade.

Salient features of the IBL223 Notes are listed below:


Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               10 May 2022

Aggregate Nominal Amount of Tranche                      R200,000,000     (Two     Hundred
                                                         Million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            3 month JIBAR plus the Margin

Interest Determination Date                              means the Interest Commencement
                                                         Date and every Interest Payment
                                                         Date thereafter

Margin                                                   2.20%

Maximum Interest Rate                                    9.85% nacq

Maturity Date                                            10 May 2027

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                               9 May 2022
Books Close Dates                                   The Register will be closed from 1
                                                    August to 10 August, 1 November to
                                                    10 November, 1 February to 10
                                                    February and 1 May to 10 May (all
                                                    dates inclusive) in each year until
                                                    the Applicable Redemption Date, or
                                                    10 days prior to any Payment Day

Last Day to Register                                31 July, 31 October, 31 January and
                                                    30 April 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 10 May, 10 August, 10
                                                    November and 10 February of each
                                                    year, provided that the first Interest
                                                    Payment Date shall be on 10
                                                    August 2022. 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 this
                                                    Applicable Pricing Supplement)

Business Day Convention                             Following Business Day

JSE Stock Code                                      IBL223

ISIN                                                ZAG000185737

Aggregate Nominal Amount of Notes Outstanding       R45,748,103,400.00 (forty five
in the Series excluding this issuance but           billion seven hundred and forty eight
including all other issuances on this Issue Date    million one hundred and three
                                                    thousand and four hundred 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: 9 May 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za