INVESTEC BANK LIMITED - Corporate action - IBLIXY

Corporate action - IBLIXY

INVESTEC BANK LIMITED

ISSUE OF STRUCTURED PRUDUCT NOTES (NOTES) – IBLIXY
Investec Structured Product Notes Commencement Date: 1 October 2025

 Index                                      Basket of Shares
 Shares                                     Naspers Limited (JSE: NPN)
                                            Tencent Holdings Limited (Hong Kong:
                                            700HK)

 Strike Price                               ZAR1,000

 Expiry Date                                23 October 2025

 Cover Ratio                                1:1

 Call/Put/Other                             Call

 Style                                      European

 Issue Size                                 1,000,000

 JSE Code                                   IBLIXY

 ISIN Code                                  ZAE000344628

On 17 September 2025 Naspers Limited announced that Naspers Limited (NPN) shareholders will receive 5 NPN shares for every
1 NPN share held. With regards to this corporate action, the following adjustments will be made to NPN positions on 1 October
2025 (Ex-date). The adjustments will be made to positions held at close of business on 30 September 2025 (LDT).

For further information, please refer to:

https://senspdf.jse.co.za/documents/SENS_20250915_S510480.pdf

Key dates in the timeline are as follows:

Last day for dealing in the Notes on a cum-share split basis                       Tuesday, 30 September 2025
Commencement of dealing in the Notes on an ex-share split basis                    Wednesday, 1 October 2025

Treatment:

Note holders are advised that the value of each Note certificate will be adjusted by the ZAR equivalent value of the abovementioned
corporate action, as determined by Investec Bank Limited in their capacity as calculation agent. The certificate adjustment shall be
effective Wednesday, 1 October 2025.

Calculation:

Long Equity Quantity per Basket:                        4.38713866429176


Effective date:

The ZAR adjustment amount shall be applied to each certificate, effective 1 October 2025.

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


Date: 30 September 2025


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

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: 30-09-2025 11:40:00
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