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 – IVC224

Application has been made to the JSE Limited (“JSE”) for the listing of R300,000,000 (three
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC224), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.

The IVC224 Notes will be issued to Noteholders on the date of listing being with effect from
19 August 2022 commencement of trade.

Salient features of the IVC224 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                                               19 August 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                                                   1.68% (one point six eight percent)
                                                         for the period beginning on and
                                                         including the Issue Date to but
                                                         excluding the Scheduled Maturity
                                                         Date
Scheduled Maturity Date                                  19 November 2024

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 10 August to 19 August, 10
                                   November to 19 November, 10
                                   February to 19 February and 10 May
                                   to 19 May in each year (all dates
                                   inclusive) until the Applicable
                                   Redemption Date, or 10 (ten) days
                                   prior to any Payment Day

Last Day to Register               9 August, 9 November, 9 February
                                   and 9 May 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 19 August, 19 November, 19
                                   February and 19 May in each year
                                   or, 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) with the first Interest
                                   Payment Date being 19 November
                                   2022


Business Day Convention            Following Business Day

JSE Stock Code                     IVC224

ISIN                               ZAG000189143
Aggregate Nominal Amount of Notes Outstanding       ZAR9,060,104,752 (nine billion and
under the Programme after this issuance             sixty 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: 18 August 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za