INVESTEC BANK LIMITED - ESPIB5 Termination

ESPIB5 Termination

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – ESPIB5

 Share/ Reference Index              S&P500® Index
 Strike Price                        1945.50
 Expiry Date                         22 Aug 2019
 Cover Ratio                         1:1
 Call/Put                            Put
 Style                               European
 Issue Size                          3,150
 JSE Code                            ESPIB5
 I.S.I.N                             ZAE000215778
 JSE Code                            ESPIB5

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 22 August 2019 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised, the Holders will sell the Holder Underlying Securities to the Issuer and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 28 August 2019.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 28 August 2019. Holders who wish to receive delivery of the remaining Underlying
Securities will need to inform Investec Bank in writing by close of business on 21 August 2019.

Each Holder may elect and request to reinvest into a new quantity of ESPs (“the new ESP”). The terms and conditions
of the new ESP series will be governed by a new Pricing Supplement. Investec will, if so elected by the Holder, settle
any amount due to each Holder pursuant to the expiry of the existing ESPs by allocation of new ESPs which will be listed
on or before 20 September 2019. Holders of ESPIB5 will be notified on 23 August 2019 and to the extent applicable,
the number of new ESPs that will be allocated per each ESPIB5.

Date: 02 August 2019

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 Securities (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)

Date: 02/08/2019 08:05:00
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