INVESTEC BANK LIMITED - Update announcement - no exercise of BIBIIA autocall notes

Update announcement - no exercise of BIBIIA autocall notes

INVESTEC BANK LIMITED


          Underlying Asset and Initial        British American Tobacco PLC (London): 2674.59
          Asset Prices                        Imperial Brands PLC (London): 1818.67
          Expiry Date                         17 May 2028
          Cover Ratio                         1:1
          Call/Put/Other                      Call
          Style                               Bermudan
          Issue Size                          50 000
          JSE Code                            BIBIIA
          ISIN Code                           ZAE000322384


UPDATE ANNOUNCEMENT - NO EXERCISE OF BIBIIA AUTOCALL NOTES (AUTOCALLS) ON 17 May 2024

Holders are referred to the SENS announcement dated 02 May 2024, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 17 May 2024. The dates referred to in the SENS announcement dated
02 May 2024 are not applicable.

 Condition for Exercise                  For each Underlying Asset, the closing level of on 17 May 2024 plus the
                                         Absolute Dividend Performance, is greater than the Initial Asset Price.

 Closing level of the Underlying         British American Tobacco PLC (London): 2475
 Asset on 17 May 2024                    Imperial Brands PLC (London): 1965.5

 Remaining Exercise Dates                Monday, 19 May 2025
                                         Monday, 18 May 2026
                                         Monday, 17 May 2027
                                         Wednesday, 17 May 2028


Date: 20 May 2024

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: 20-05-2024 11:36:00
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