INVESTEC BANK LIMITED - OPTION EXPIRY - SPIB17

OPTION EXPIRY - SPIB17

INVESTEC BANK LIMITED


Reference Index                     S&P500®
Initial Index Level                 2472.54
Expiry Date                         26 February 2021
Cover Ratio                         1:1
Call/Put/Other                      Put
Style                               European
Issue Size                          5 297
JSE Code                            SPIB17
ISIN Code                           ZAE000247649


OPTION EXPIRY ON 26 FEBRUARY 2021

Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 26 February 2021 (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 04 March 2021.

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 Holder Underlying
Securities for the Final Reference Amount and the proceeds, less the Premium, will automatically accrue to the Holder
via instruction through STRATE on 04 March 2021.

Holders may make the following elections:
A) Cash settlement: the default election at expiry is for holders to receive a cash settlement, holders are not required
    to take any action should they wish to make this election
B) Underlying Securities: holders will need to inform Investec in writing by close of business on 22 February 2021
    should they wish to receive delivery of the remaining underlying securities in the event that the put option expires
    out of the money

 Last date to trade                                      Friday, 26 February 2021
 Date of announcement of Put Option Strike Price         Monday, 01 March 2021 by 10h00
 Suspension date                                         Monday, 01 March 2021
 Record Date                                             Wednesday, 03 March 2021
 Payment/Redemption Date                                 Thursday, 04 March 2021
 Termination Date                                        Friday, 05 March 2021


Date: 15 February 2021


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 Warrants
         Tel.: 0860 103 343
         E-mail: warrants@investec.co.za

Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06

Date: 15-02-2021 09:16:00
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