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INVESTEC BANK LIMITED - Automatic Exercise Of IMBIIF Autocall Notes (Autocalls) On 26 April 2023

Release Date: 28/04/2023 09:22
Code(s): IMBIIF     PDF:  
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Automatic Exercise Of IMBIIF Autocall Notes (Autocalls) On 26 April 2023

INVESTEC BANK LIMITED


 Underlying Asset                   Imperial Brands PLC (London)

 Initial Asset Price                1630.3973

 Expiry Date                        26 April 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         50 000

 JSE Code                           IMBIIF

 ISIN Code                          ZAE000310488


              AUTOMATIC EXERCISE OF IMBIIF AUTOCALL NOTES (AUTOCALLS) ON 26 APRIL 2023

As announced on 12 April 2023, Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby
notifies Holders of the automatic Exercise on 26 April 2023 (see the related securities above).

On 26 April 2023 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore Autocalls were
Exercised and expired on 26 April 2023. The Holders are entitled to a Cash Settlement Amount determined as follows:

 Condition for Exercise                      Closing level of the Underlying Asset on 26 April 2023, multiplied by the
                                             Share Adjustment Factor, is greater than the Initial Asset Price

 Date of announcement of whether the         Friday, 28 April 2023, by 11h00
 Condition for Exercise has been met


 Cash Settlement Amount                      R1,500.0000

 Last date to trade                          Friday, 28 April 2023

 Suspension date                             Tuesday, 02 May 2023

 Record date                                 Thursday, 04 May 2023

 Payment/Redemption Date                     Friday, 05 May 2023

 Termination date                            Monday, 08 May 2023



Date: 28 April 2023

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: 28-04-2023 09:22:00
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