INVESTEC BANK LIMITED - Automatic exercise - BATIII

Automatic exercise - BATIII

INVESTEC BANK LIMITED

 Underlying Asset                           British American Tobacco PLC (London)

 Initial Asset Price                        3,454.42

 Expiry Date                                27 July 2027

 Cover Ratio                                1:1

 Call/Put/Other                             Call

 Style                                      Bermudan

 Issue Size                                 100,000

 JSE Code                                   BATIII

 ISIN Code                                  ZAE000313235


AUTOMATIC EXERCISE OF BATIII AUTOCALL NOTES (AUTOCALLS) ON 28 July 2025

As announced on 14 July 2025, Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies Holders of
the automatic Exercise on 28 July 2025 (see the related securities above).

On 28 July 2025 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore the Autocalls were Exercised
and expired on 28 July 2025. The Holders are entitled to a Cash Settlement Amount determined as follows:


  Condition for Exercise                                   Closing level of the Index on 28 July 2025 is greater than the Initial
                                                           underlying asset level

  Date of announcement of whether the Condition            Tuesday, 29 July 2025
  for Exercise has been met
  Cash settlement amount                                   R 1807.000

  Last date to trade                                       Tuesday, 29 July 2025

  Suspension date                                          Wednesday, 30 July 2025

  Record date                                              Friday, 01 August 2025

  Payment/Redemption date                                  Monday, 04 August 2025

  Termination date                                         Tuesday, 05 August 2025


Date: 29 July 2025


  Copies of Warrant issue documentation can be located on:                Place and Date of Incorporation of the Issuer:
          Internet: www.investecwarrants.com                                      Incorporated in the Republic of South Africa
                                                                                  Registration Number: 1969/004763/06
                                                                                  Date of Incorporation: 31 March 1969


  For further information kindly contact:                                 Sponsor:
           Investec Financial Products                                            Investec Bank Limited
           Tel.: +27 11 286 9663                                                  Member of the JSE
           E-mail: FPRetail@investec.co.za                                        Registration Number: 1969/004763/06

Date: 29-07-2025 10:15:00
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