INVESTEC LIMITED - Investec Bank Limited Change to Board Composition

Investec Bank Limited – Change to Board Composition

Investec Limited                                            Investec plc
Incorporated in the Republic of South Africa                Incorporated in England and Wales
Registration number 1925/002833/06                          Registration number 3633621
JSE share code: INL                                         LSE share code: INVP
JSE Hybrid code: INPR                                       JSE share code: INP
JSE debt code: INLV                                         ISIN: GB00B17BBQ50
NSX share code: IVD                                         LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70

INVESTEC BANK LIMITED – CHANGE TO BOARD COMPOSITION

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock
Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance
and Transparency Rules, and Listing Rules of the Financial Conduct Authority (the "FCA") and/or the JSE
Listings Requirements.

Accordingly, we advise of the following:

Executive Directors

Investec announces, in accordance with Section 6.39 of the JSE Debt Listings Requirements and receipt of
requisite regulatory approvals, the following changes to the Board of Investec Bank Limited:

The Investec Bank Limited Board (the Board) has commenced with the next stage of its approved executive
succession plan. We have previously announced that Richard Wainwright will step down from his current role
of Chief Executive Officer (CEO) of Investec Bank Limited (IBL) during the course of 2024 and confirmed that
a further announcement would be made once Richard’s successor has been identified.

The Board has identified Cumesh Moodliar as the next CEO of IBL. Cumesh will be appointed as CEO of
IBL on 01 April 2024. Richard will at that time remain an executive of Investec Limited until his planned
retirement in 2025.

Cumesh has been with Investec since 2012 in a number of roles including Regional Head of the Private
Bank in the Eastern Cape, National Banking Head, Head of the Private Bank and more recently the Head of
the Private Client Franchise.

The Board wishes Cumesh well as he transitions into his new role.

The appointment of Cumesh was made pursuant to the policy dealing with the nomination of directors to the
Board.


Johannesburg and London
21 August 2023

Sponsor:
Investec Bank Limited

Date: 21-08-2023 08:50:00
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