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 – IVC327

Application has been made to the JSE Limited (“JSE”) for the listing of R125,000,000 (one hundred
and twenty five million Rand) senior unsecured floating rate credit linked Notes (stock code IVC327),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021 (“Programme
Memorandum”).

The IVC327 Notes will be issued to Noteholders on the date of listing being with effect from
7 March 2025 commencement of trade.

Salient features of the IVC327 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                                                   7 March 2025

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                The Reference Rate plus a margin of:
                                                             1,80% (one point eight zero percent) for
                                                             the period beginning on and including
                                                             the Issue Date to but excluding the
                                                             applicable Redemption Date (adjusted
                                                             in accordance with the applicable
                                                             Business Day Convention)


Reference Rate                                               IBAR-SAFEX with a Designated
                                                             Maturity of 3 months or, if ZAR-
                                                             JIBAR-SAFEX ceases to be the
                                                             approved      Reference     Rate,   the
                                                             replacement Reference Rate (together
                                                             with a spread (if applicable))
                                                             determined by the Calculation Agent in
                                                             its sole discretion taking into account
                                                             prevailing market practice and any
                                                             spread published by a governmental
                                                             authority or industry body and notified
                                                             to the Noteholders in accordance with
                                                             Condition 34 (Notices)
Scheduled Maturity Date            31 January 2037

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, but excluding, the Scheduled
                                   Maturity Date)

Interest Commencement Date         Issue Date

Books Close Period                 The Register will be closed from
                                   (i)    The Register will be closed
                                          from 21 January to 31 January,
                                          20 April to 30 April, 21 July to
                                          31 July and 21 October to
                                          31 October in each year
                                          (including the first day but
                                          excluding the last day of each
                                          period), until the applicable
                                          Redemption Date; or
                                   (ii)   From the date that is 10 (ten)
                                          days prior to any Payment Day
                                          until (but excluding) the
                                          Payment Date


Last Day to Register               20 January, 19 April, 20 July and
                                   20 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             31 January, 30 April, 31 July and
                                   31 October in each year and the
                                   applicable Redemption Date and with
                                   the first Interest Payment Date being
                                   30 April 2025 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)
Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC327

ISIN                                                      ZAG000213273

Aggregate Nominal Amount of Notes Outstanding             ZAR12,964,495,226 (twelve billion
under the Programme after this issuance                   nine hundred and sixty four million four
                                                          hundred and ninety five thousand two
                                                          hundred and twenty six Rand)
                                                          An additional early redemption event,
                                                          the Reference Obligation Early
                                                          Redemption Event was included. The
                                                          calculation of the Early Redemption
                                                          Amount when a Reference Obligation
                                                          Early Redemption Event, Tax Event,
                                                          illegality or an Event of Default differs
                                                          from the calculation of an early
                                                          redemption amount stipulated in the
                                                          Programme Memorandum. The Credit
                                                          Event Redemption Amount per Note
                                                          (the fallback settlement) also differs
                                                          from the formula stipulated in the
                                                          Programme Memorandum.

The Pricing Supplement contains 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: 6 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za