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 – IVC223

Application has been made to the JSE Limited (“JSE”) for the listing of R30,000,000 (thirty
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC223), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC223 Notes will be issued to Noteholders on the date of listing being with effect from
29 July 2022 commencement of trade.

Salient features of the IVC223 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 July 2022

Nominal Amount per Note                                  R1,000,000


Interest Rate                                            ZAR-JIBAR-SAFEX        with    a
                                                         Designated Maturity of 3 months
                                                         from the date beginning on and
                                                         including the Issue Date to but
                                                         excluding the Scheduled Maturity
                                                         Date, plus the Margin
Margin                                                   1.35% (one point three five percent)
                                                         for the period beginning on and
                                                         including the Issue Date to but
                                                         excluding the Scheduled Maturity
                                                         Date
Scheduled Maturity Date                                  29 July 2023

Optional Redemption Date (Call)                          N/A

Issue price per Note                                     100%

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

Interest Commencement Date   Issue Date

Books Close Period           from 20 July to 29 July, 20 October
                             to 29 October and 20 January to 29
                             January and 20 April to 29 April in
                             each year (all dates inclusive) until
                             the Applicable Redemption Date, or
                             10 (ten) days prior to any Payment
                             Day

Last Day to Register         19 July, 19 October, 19 January and
                             19 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 29 July, 29 October, 29
                             January and 29 April in each year
                             or, if 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) with the first Interest
                             Payment Date being 29 October
                             2022


Business Day Convention      Following Business Day

JSE Stock Code               IVC223

ISIN                         ZAG000188590
Aggregate Nominal Amount of Notes Outstanding       ZAR9,875,104,752 (nine billion
under the Programme after this issuance             eight hundred and seventy five
                                                    million one hundred and four
                                                    thousand seven hundred and fifty
                                                    two 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: 28 July 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za