INVESTEC BANK LIMITED - Notification of adjustment event IBLIJC

Notification of adjustment event – IBLIJC

INVESTEC BANK LIMITED

NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIJC
Investec Structured Product Notes Commencement Date: 9 November 2022

Index                           Basket of Shares
Shares                          Prosus NV (JSE: PRX)
                                Tencent Holdings Limited (Hong Kong: 700HK)
Strike Price                    ZAR1,000
Expiry Date                     9 November 2023
Cover Ratio                     1:1
Call/Put/Other                  Call
Style                           European
Issue Size                      1,000,000
JSE Code                        IBLIJC
ISIN Code                       ZAE000315875

On 4 September 2023, Prosus NV (“Prosus”) announced the finalization of the Prosus Capitalisation Issue, whereby 1.17960 new
listed Prosus Ordinary Shares N will be issued for each existing Prosus Ordinary Share N held as at the Transaction Record Date,
and with Naspers Limited having irrevocably and antecedently waived its entitlement under the Prosus Capitalisation Issue, resulting
in a total of 808,533,377 new listed Prosus Ordinary Shares N issued to Prosus Free-Float Shareholders.

For further information, please refer to:
https://www.prosus.com/news-insights/regulatory-updates/2023/finalisation-announcement-in-respect-of-the-prosus-
capitalisation-issue

Key dates in the timeline are as follows:
 Last day to trade in Prosus Ordinary Shares N on the JSE and the A2X prior to the Prosus
 Capitalisation Issue, on                                                                             Tuesday, 12 September 2023
 Date when trading in Prosus Ordinary Shares N takes place "ex" the entitlement to participate
 in the Prosus Capitalisation Issue on the JSE and the A2X, on                                      Wednesday, 13 September 2023
 Transaction Record Date for the Prosus Capitalisation Issue, on                                       Friday, 15 September 2023

Treatment:
Holders are advised that the Long Equity Quantity of each Note will be increased by the Prosus Capitalisation Entitlement factor of
1.17960 to account for the above mentioned corporate action, as determined by Investec Bank Limited in their capacity as calculation
agent. The Note adjustment shall be effective Wednesday, 13 September 2023.

Calculation:
 Alpha Code                                                        IBLIJC
 Current Long Equity Quantity per Basket                2.230873052168970   (A)
 Prosus Capitalisation Entitlement factor                         1.17960   (B)
 New Long Equity Quantity per Basket                    4.862410904507490   [A x (1+B)]


Effective date:
The ZAR adjustment amount shall be applied to each certificate, effective 13 September 2023.

Any capitalized terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation.

Date: 13 September 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

Date: 13-09-2023 09:15:00
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