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 – IBL260

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (Fifty
Million Rand) senior unsecured floating rate Notes (stock code IBL260), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.

The IBL260 Notes will be issued to Noteholders on the date of listing being
28 December 2022 with effect from commencement of trade.

Salient features of the IBL260 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               28 December 2022

Aggregate Nominal Amount of Tranche                      R50,000,000 (Fifty Million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            the Reference Rate plus the Margin,
                                                         subject to the Maximum Interest
                                                         Rate

Maximum Interest Rate                                    10.09% nacq

Margin                                                   1.95%, subject to the Maximum
                                                         Interest Rate

Reference Rate                                           ZAR-JIBAR-SAFEX        with   a
                                                         Designated Maturity of 3 months,
                                                         plus the Margin

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

Maturity Date                                            20 December 2027

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                          28 December 2022

Books Close Dates                                   The Register will be closed from
                                                    11 March to 20 March, 11 June to
                                                    20 June, 11 September to
                                                    20 September and 11 December to
                                                    20 December (all dates inclusive) in
                                                    each year until the Applicable
                                                    Redemption Date, or 10 days prior
                                                    to any Payment Day

Last Day to Register                                10 March, 10 June, 10 September
                                                    and 10 December 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 20 March, 20 June, 20
                                                    September and 20 December of
                                                    each year, provided that the first
                                                    Interest Payment Date shall be on
                                                    20 March 2023. 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                                      IBL260

ISIN                                                ZAG000193020

Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           ZAR44,231,441,515 (forty four
excluding all other issuances on this Issue Date    billion two hundred and thirty one
                                                    million four hundred and forty one
The Pricing Supplement does not contain any         thousand five hundred and fifteen
additional terms and conditions or changes to the   Rand) under the Programme
terms and conditions as contained in the            (including this Tranche)
Programme Memorandum.
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.

Date: 22 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za