INVESTEC LIMITED - Pillar III Quarterly Disclosures at 30 June 2023

Pillar III Quarterly Disclosures at 30 June 2023

Investec Limited                                        Investec plc
Incorporated in the Republic of South Africa            Incorporated in England and Wales
Registration number 1925/002833/06                      Registration number 3633621
JSE share code: INL                                     LSE share code: INVP
JSE Hybrid code: INPR                                   JSE share code: INP
JSE debt code: INLV                                     ISIN: GB00B17BBQ50
NSX share code: IVD                                     LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70


Pillar III quarterly disclosures at 30 June 2023

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock
Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure
Guidance, Transparency Rules (DTR) and Listing Rules of the United Kingdom Listing Authority (the
“UKLA”) and/or the JSE Listing Requirements.

Accordingly, we advise of the following:

Capital adequacy and leverage disclosures
Investec plc and Investec Limited calculate capital resources and requirements using the Basel III
framework, as implemented in their respective jurisdiction by the Prudential Regulation Authority and South
African Prudential Authority.

The following table sets out the capital and leverage metrics for the Investec plc group, Investec Limited
group and Investec Bank Limited group (IBL):

                                             Investec plc^*          Investec Limited^                    IBL
                                                  £’million                  R’million              R’million
 Common Equity Tier 1 ratio**                         11.0%                      14.6%                  17.1%
 Tier 1 ratio                                         12.4%                      15.6%                  18.0%
 Total capital ratio                                  16.4%                      18.1%                  20.9%
 Risk weighted assets                                18,220                    298,788                276,300
 Leverage ratio                                        8.5%                       6.5%                   7.3%

^ The information for Investec plc includes the information for Investec Bank plc. The information for Investec Limited includes the
information for IBL.
* Investec plc’s capital and leverage ratios exclude quarterly profits and associated foreseeable charges and dividends for the period
1 April to 30 June 2023. In accordance with the Prudential Regulation Authority rules, quarterly profits may only be included in a firm’s
capital position once the profits have been independently verified by an external audit firm.
** Investec Limited’s and IBL’s capital information includes unappropriated profits. If unappropriated profits are excluded from capital
information, Investec Limited’s and IBL’s CET1 ratio would be 170bps and 221bps lower respectively. The leverage ratio for Investec
Limited and IBL would be 72bps and 89bps lower respectively.

Liquidity Disclosures

Liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)
The objective of the LCR is to promote the short-term resilience of the liquidity risk profile of banks by
ensuring that they have sufficient high-quality liquid assets to survive a significant stress scenario lasting
30 calendar days. The NSFR promotes the resilience of the banking sector by requiring banks to maintain
a stable funding profile in relation to the composition of their assets and off-balance sheet activities on an
ongoing structural basis. By ensuring that banks do not embark on excessive maturity transformation that
is not sustainable, the NSFR is intended to reduce the likelihood that disruptions to a bank's funding sources
would erode its liquidity position, increase its risk of failure, and potentially lead to broader systemic risk.
The following table sets out the LCR and NSFR for the Investec plc group, IBL (solo basis) and IBL group:

                                              Investec plc*         IBL (solo basis) **          IBL consolidated
                                                                                                         group **
 Actual LCR                                            393%                        169%                      180%

 Actual NSFR                                           142%                        116%                      116%


* For Investec plc the LCR ratio disclosed is the 12-month average ratio and the NSFR ratio disclosed is the average of the four
quarter ends up to June 2023.
** The values in the table are calculated as the simple average of 91 calendar daily values over the period 1 April 2023 to 30 June 2023
for IBL (solo basis). IBL group values use daily values for IBL (solo basis), while those for other group entities use the average of April,
May and June 2023 month-end values.

The detailed capital and liquidity disclosures for the above entities are available on the Investec website
in the quarterly Pillar 3 disclosure reports, as required by the relevant regulations.

31 August 2023
Sponsor: Investec Bank Limited

Date: 31-08-2023 02:00:00
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