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 – IVC295

Application has been made to the JSE Limited (“JSE”) for the listing of R35,000,000 (thirty
five million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC295),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC295 Notes will be issued to Noteholders on the date of listing being with effect from
29 April 2024 commencement of trade.

Salient features of the IVC295 Notes are listed below:

Issuer                                                   Investec Bank Limited

Principal Amount                                         R1,000,000 per Note on the Issue
                                                         Date

Instrument                                               Senior   unsecured    credit   linked
                                                         Notes

Issue Date                                               29 April 2024

Nominal Amount per Note                                  R1,000,000
Interest Rate                                            10.06%        nominal      annual
                                                         compounded quarterly in arrear
                                                         from the date commencing on and
                                                         including the Issue Date to but
                                                         excluding the Optional Redemption
                                                         Date (Call)
                                                         ZAR-JIBAR-SAFEX         with   a
                                                         Designated Maturity of 3 months
                                                         plus a margin of 2.08% from the
                                                         date commencing on and including
                                                         the Optional Redemption Date
                                                         (Call) to but excluding the
                                                         Scheduled Maturity Date
Scheduled Maturity Date                                  20 July 2029
Optional Redemption Date (Call)                          20 July 2027
Issue price per Note                                     100%
Final Redemption Amount per Note                         The outstanding Principal Amount
                                                         per Note (plus accrued unpaid
                                                         interest and break costs, if any, to
                                                         but excluding the Scheduled
                                                         Maturity Date
Interest Commencement Date                               Issue Date
Books Close Period                                  from 11 January to 20 January,
                                                    11 April to 20 April and
                                                    11 July to 20 July and 11 October to
                                                    20 October in each year until the
                                                    Applicable Redemption Date, or 9
                                                    (nine) days prior any Payment Day
Last Day to Register                                10 January, 10 April, 10 July and
                                                    10 October 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                              20 January, 20 April, 20 July and 20
                                                    October of each calendar year, with
                                                    the first Interest Payment Date
                                                    being 20 July 2024 and if any of
                                                    these dates is not a Business Day,
                                                    the Business Day on which interest
                                                    will be paid, as determined in
                                                    accordance with the applicable
                                                    Business Day Convention
Business Day Convention                             Following Business Day

JSE Stock Code                                      IVC295

ISIN                                                ZAG000205006

Aggregate Nominal Amount of Notes Outstanding       ZAR12,964,252,406 (twelve billion
under the Programme after this issuance             nine hundred and sixty four 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: 26 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za