INVESTEC BANK LTD - Expiry of ESPIBG

Expiry of ESPIBG

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS


                                    Old Position(ESPIBG)         New Position (SPIB17)


Reference Index                     S&P500® Index                S&P500® Index



Strike Price                        1875.39                      2472.54

Expiry Date                         20 July 2017                 26 February 2021

Cover Ratio                         1:1                          1:1

Call/Put                            Put                          Put

Style                               European                     European

Issue Size                          9,734                        5731

ISIN Code                           ZAE000190906                 TBC

JSE Code                            ESPIBG                       SPIB17




Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their option expiry which occurred on 20 July 2017 (see the related securities above).

The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date and hence the Put Option
expired in the money. As a result thereof, the Holder will sell the Underlying Securities to the Issuer and the equivalent
Put Strike Price of R40067.62 per ESPIBG will automatically accrue to the Holder via instruction through STRATE on
26 July 2017.

Holders that have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest into a
new quantity of new ESPs shall receive one new SPIB17 to be listed on 04 August 2017, for every ESPIBG held. The
Holders’ new positions in SPIB17 following the expiry of ESPIBG, will be allocated on 10 August 2017.



Date: 24 July 2017

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

For further information contact:
         Investec Warrants
         Tel.: 011 286-4672
         E-mail: warrants@investec.co.za
         Internet: www.investec.com

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

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