INVESTEC BANK LIMITED - Updated pricing supplement - FNIB03

Updated pricing supplement - FNIB03

INVESTEC BANK LIMITED

UPDATED PRICING SUPPLEMENT ISSUED IN RELATION TO THE FLEXIBLE INVESTMENT NOTES
(SERIES 1 AUTOCALL) (NOTES)

RECORD DATE: 22 AUGUST 2025

INVESTMENT PROFILE NO. 2: INVESTEC RAND NIKKEI 225 INDEX
 Index                                                                 Nikkei 225 Index
 Initial Index Level                                                   43 546,29
 Initial Valuation Date                                                19 August 2025
 Final Valuation Date                                                  19 August 2030
 Call/Put/Other                                                        Call
 Style                                                                 Bermudan


THE NOTES:
 Cover Ratio                                                           1:1
 Scheduled Redemption Date                                             21 Nov 2044
 Issue Size                                                            2 000 000
 JSE Code                                                              FNIB03
 ISIN Code                                                             ZAE000338638


Update of Terms for Investment Profile No 2.

As announced on 18 August 2025, Investec Bank Limited, as Issuer of the above Notes, notified Holders of the
Automatic Exercise of Investment Profile No. 1 on the Valuation Date, being 15 August 2025.

This Updated Applicable Pricing Supplement sets out a description of the Subsequent Structured Investment Profile
(Investment Profile No. 2) for the Notes.


The Updated Applicable Pricing has been signed, filed with the JSE and published on the Issuer's website:
https://www.investec.com/en_za/intermediary-investing/structured-products/warrants-and-notes.html

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


Date: 21 August 2025


Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

Copies of 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: 1972/008905/07

Date: 21-08-2025 11:25:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.