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Results Announcement in relation to Tender Offer
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
RESULTS ANNOUNCEMENT IN RELATION TO TENDER OFFER
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES
OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM,
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS) OR IN OR INTO
OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER AND DISTRIBUTION
RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM (AS DEFINED BELOW))
Investec plc announces results of its Tender Offer for its £350,000,000 2.625 per cent. Callable
Fixed Rate Resettable Subordinated Notes due 2032
30 January 2026. Investec plc (the "Company") announces herein the results of its invitation to holders
of its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032 (ISIN:
XS2393629311) (the "Notes") to tender such Notes for purchase by the Company for cash (the "Offer").
The Offer was made on the terms and subject to the conditions contained in a tender offer memorandum
dated 22 January 2026 (the "Tender Offer Memorandum") prepared by the Company, and was subject
to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms used in this
announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer has now passed. No further Notes can be tendered for purchase
by the Company pursuant to the Offer.
Results of the Offer
The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 29 January 2026. As at the
Expiration Deadline, £305,520,000 in aggregate principal amount of the Notes have been validly
tendered for purchase pursuant to the Offer.
The Company announces that, conditional upon satisfaction or waiver of the New Financing Condition,
it has decided to accept valid tenders of Notes pursuant to the Offer, with a Final Acceptance Amount
equal to £294,220,000. All Tender Instructions will be accepted subject to a Scaling Factor of 99.90 per
cent subject to adjustments, as applicable.
A summary of the results of the Offer appears below:
Final Acceptance Aggregate principal amount of Notes
Description of the Notes ISIN Purchase Price(1) Amount outstanding after the Settlement Date
£350,000,000 2.625 per XS2393629311 98.85 per cent. £294,220,000 £55,780,000
cent. Callable Fixed Rate
Resettable Subordinated
Notes due 2032
(1) Does not include an amount equal to the Accrued Interest Payment (as defined in the Tender Offer Memorandum) that will
also be paid in respect of Notes which are validly tendered and accepted for purchase pursuant to the Offer.
Subject to satisfaction or waiver of the New Financing Condition on or prior to such date, settlement of
the purchase of the relevant Notes pursuant to the Offer is expected to take place on 2 February
2026.
Dealer Managers
Citigroup Global Markets Limited Lloyds Bank Corporate Markets plc
Citigroup Centre 33 Old Broad Street
Canada Square London EC2N 1HZ
Canary Wharf United Kingdom
London E14 5LB
Telephone: +44 207 158 1726
Telephone: +44 20 7986 8969 Email: lbcmliabilitymanagement@lloydsbanking.com
Email: liabilitymanagement.europe@citi.com Attention: Liability Management Team
Attention: Liability Management Group
Mizuho International plc
30 Old Bailey
London EC4M 7AU
United Kingdom
Telephone: +34 91 790 7559
Email: liabilitymanagement@uk.mizuho-sc.com
Attention: Liability Management
Questions and requests for assistance in connection with the procedures for participating in the Offer, including the delivery of
Tender Instructions, may be directed to the Tender Agent.
The Tender Agent
Kroll Issuer Services Limited
The News Building
3 London Bridge Street
London SE1 9SG
Attention: Scott Boswell
Telephone: +44 20 7704 0880
Email: investec@is.kroll.com
Website: https://deals.is.kroll.com/investec
This announcement is released by Investec plc and contains information that qualified or may have
qualified as inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"), as it
forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR"), encompassing information relating to the Offer described above. For the purposes
of UK MAR and Article 2 of the binding technical standards published by the FCA in relation to MAR as
regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by David
Miller, Company Secretary at Investec plc.
DISCLAIMER: This announcement must be read in conjunction with the Tender Offer Memorandum.
No offer or invitation to acquire any securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be
restricted by law. Persons into whose possession this announcement and/or the Tender Offer
Memorandum come(s) are required by each of the Company, the Dealer Managers and the Tender
Agent to inform themselves about, and to observe, any such restrictions.
Sponsor: Investec Bank Limited
30 January 2026
Date: 30-01-2026 01:00:00
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