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 – IBL225

Application has been made to the JSE Limited (“JSE”) for the listing of R520,000,000 (five
hundred and twenty million Rand) senior unsecured floating rate Notes (stock code IBL225),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.

The IBL225 Notes will be issued to Noteholders on the date of listing being 25 May 2022
with effect from commencement of trade.

Salient features of the IBL225 Notes are listed below:


Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               25 May 2022

Aggregate Nominal Amount of Tranche                      R520,000,000 (five hundred and
                                                         twenty million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            3 month JIBAR plus the Margin for
                                                         the period from and including the
                                                         Issue Date to but excluding the
                                                         Scheduled Maturity Date

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

Margin                                                   1.30%

Maximum Interest Rate                                    N/A
Maturity Date                                            25 May 2025
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                               25 May 2022
Books Close Dates                                     The Register will be closed from 16
                                                      August to 25 August, 16 November
                                                      to 25 November,16 February to 25
                                                      February and 16 May to 25 May (all
                                                      dates inclusive) in each year until
                                                      the Applicable Redemption Date, or
                                                      10 days prior to any Payment Day

Last Day to Register                                  15 August, 15 November, 15
                                                      February and 15 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 25 August, 25 November, 25
                                                      February and 25 May of each year,
                                                      provided that the first Interest
                                                      Payment Date shall be on 25
                                                      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                                        IBL225

ISIN                                                  ZAG000186255

Aggregate Nominal Amount of Notes Outstanding         R46,042,103,400 (forty six billion
in the Series including this issuance and all other   and forty two million one hundred
issuances on this Issue Date                          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: 24 May 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za