INVESTEC BANK LIMITED NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIIX Investec Structured Product Notes Commencement Date: 5 January 2023 Index Basket of Shares Shares Naspers Limited (JSE: NPN) Tencent Holdings Limited (Hong Kong: 700HK) Strike Price ZAR1,000 Expiry Date 12 June 2023 Cover Ratio 1:1 Call/Put/Other Call Style European Issue Size 3,000,000 JSE Code IBLIIX ISIN Code ZAE000311122 On 16 November 2022, Tencent Holdings Limited (“Tencent”) announced the declaration of a special interim dividend by way of distribution in specie of Class B ordinary shares of Meituan (HKG: 3690). Qualifying shareholders in Tencent will receive 1 ordinary share of Meituan (HKG: 3690) for every 10 shares held, being rounded down to the nearest whole number of Meituan (HKG: 3690) shares. For further information, please refer to: https://static.www.tencent.com/uploads/2022/11/16/b92d6f78a14cbcc512c2b48f0942dd9f.pdf Key dates in the timeline are as follows: Last day for dealing in the Shares on a cum-entitlement basis Wednesday, 4 January 2023 Commencement of dealing in the Shares on an ex-entitlement basis Thursday, 5 January 2023 Dispatch of share certificates and CCASS settlement Friday, 24 March 2023 Treatment: Certificate holders are advised that the value of each Stub Note certificate will be adjusted by the ZAR equivalent value of the abovementioned distribution in specie of Class B ordinary shares of Meituan (HKG: 3690), as determined by Investec Bank Limited in their capacity as calculation agent. The certificate adjustment shall be effective Thursday, 5 January 2023. Calculation: Short Equity Quantity per Basket: -1.37585817736590 Meituan Dividend in specie per basket -0.137585818 (A) Hedge price of Meituan (HKD) 181.3 (B) HKDZAR 2.1514 ( C) ZAR Adjustment Amount -53.67 (A x B x C) Effective date: The ZAR adjustment amount shall be applied to each certificate, effective 5 January 2023. Any capitalized terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation. Date: 4 January 2023 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 Copies of Warrant issue documentation can be located on: Internet: www.investecwarrants.com Place and Date of Incorporation of the Issuer: Incorporated in the Republic of South Africa Registration Number: 1969/004763/06 Date of Incorporation: 31 March 1969 For further information kindly contact: Investec Financial Products Tel.: +27 11 286 9663 E-mail: FPRetail@investec.co.za Sponsor: Investec Bank Limited Member of the JSE Registration Number: 1969/004763/06