INVESTEC BANK LIMITED - SPXIIH Termination

SPXIIH Termination

INVESTEC BANK LIMITED


 Index                                Standard & Poor’s 500 Index

 Initial Index Level                  3 091.84

 Expiry Date                          12 November 2024

 Cover Ratio                          1:1

 Call/Put/Other                       Call

 Style                                Bermudan

 Issue Size                           30 000

 JSE Code                             SPXIIH

 ISIN Code                            ZAE000280871


         AUTOMATIC EXERCISE OF SPXIIH AUTOCALL NOTES (AUTOCALLS) ON 12 NOVEMBER 2020

Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of their automatic
option expiry which occurred on 12 November 2020 (see the related securities above).

On 12 November 2020 (the Valuation and Exercise Date), the conditions for early exercise were met, therefore the
Autocalls were automatically exercised and expired on the 12 November 2020. The Holders are entitled to a Cash
Settlement Amount determined as follows:


 Condition for Exercise                     Closing level of the Index on 12 November 2020 is greater than the
                                            Initial Index Level
 Closing level of the Index on 12           3,537.01
 November 2020

 Date of announcement of whether            Friday, 13 November 2020, by 11h00
 Condition for Exercise will be met

 Cash Settlement Amount                     USD72.35185 x CCR
 Calculation

 CCR                                        The USD/ZAR exchange rate on 13 November 2020
                                            (15.6050)
 Cash Settlement Amount                     ZAR1,129.05

 Last date to trade                         Friday, 13 November 2020

 Suspension date                            Monday, 16 November 2020

 Record date                                Wednesday, 18 November 2020

 Payment/Redemption Date                    Thursday, 19 November 2020

 Termination date                           Friday, 20 November 2020


Date: 13 November 2020

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: 13-11-2020 10:24:00
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