INVESTEC BANK LIMITED - Notification of adjustment event IBLIJA

Notification of adjustment event – IBLIJA

INVESTEC BANK LIMITED

NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIJA
Investec Structured Product Notes Commencement Date: 5 January 2023

 Index                                      Basket of Shares
 Shares                                     Naspers Limited (JSE: NPN)
                                            Tencent Holdings Limited (Hong Kong:
                                            700HK)

 Strike Price                               ZAR1,000

 Expiry Date                                24 August 2023

 Cover Ratio                                1:1

 Call/Put/Other                             Call

 Style                                      European

 Issue Size                                 3,000,000

 JSE Code                                   IBLIJA

 ISIN Code                                  ZAE000313730

On 16 November 2022, Tencent Holdings Limited (“Tencent”) announced the declaration of a special interim dividend by way of
distribution in specie of Class B ordinary shares of Meituan (HKG: 3690). Qualifying shareholders in Tencent will receive 1 ordinary
share of Meituan (HKG: 3690) for every 10 shares held, being rounded down to the nearest whole number of Meituan (HKG: 3690)
shares.


For further information, please refer to:

https://static.www.tencent.com/uploads/2022/11/16/b92d6f78a14cbcc512c2b48f0942dd9f.pdf

Key dates in the timeline are as follows:

Last day for dealing in the Shares on a cum-entitlement basis                      Wednesday, 4 January 2023
Commencement of dealing in the Shares on an ex-entitlement basis                   Thursday, 5 January 2023
Dispatch of share certificates and CCASS settlement                                Friday, 24 March 2023


Treatment:

Certificate holders are advised that the value of each Stub Note certificate will be adjusted by the ZAR equivalent value of the
abovementioned distribution in specie of Class B ordinary shares of Meituan (HKG: 3690), as determined by Investec Bank Limited
in their capacity as calculation agent. The certificate adjustment shall be effective Thursday, 5 January 2023.

Calculation:



           Short Equity Quantity per Basket:                      -1.47924420679893
           Meituan Dividend in specie per basket                     -0.147924421                    (A)
           Hedge price of Meituan (HKD)                                   181.3                      (B)
           HKDZAR                                                        2.1514                      (C)
           ZAR Adjustment Amount                                         -57.70                  (A x B x C)


Effective date:

The ZAR adjustment amount shall be applied to each certificate, effective 5 January 2023.

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


Date: 4 January 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: 04-01-2023 02:59:00
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