INVESTEC BANK LIMITED - Notification Of Adjustment Event - Structured Product Notes - IBLIIS

Notification Of Adjustment Event - Structured Product Notes - IBLIIS

INVESTEC BANK LIMITED

NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIIS
Investec Structured Product Notes Commencement Date: 20 January 2022

 Index                                      Basket of Shares
 Shares                                     Prosus NV (JSE: PRX)
                                            Tencent Holdings Limited (Hong Kong:
                                            700HK)

 Strike Price                               ZAR1,000

 Expiry Date                                9 November 2022

 Cover Ratio                                1:1

 Call/Put/Other                             Call

 Style                                      European

 Issue Size                                 1,000,000

 JSE Code                                   IBLIIS

 ISIN Code                                  ZAE000304614

On 23 December 2021, Tencent Holdings Limited (“Tencent”) announced the declaration of a special interim dividend by way of
distribution in specie of Class A ordinary shares of JD.com, Inc. Qualifying shareholders in Tencent will receive 1 ordinary share of
JD.com for every 21 shares held, being rounded down to the nearest whole number of JD.com shares.


For further information, please refer to:

https://static.www.tencent.com/uploads/2021/12/23/0a56695c42cb7f085ad7e3d640125e7a.pdf


Key dates in the timeline are as follows:

Last day for dealing in the Shares on a cum-entitlement basis                      Wednesday, 19 January 2022
Commencement of dealing in the Shares on an ex-entitlement basis                   Thursday, 20 January 2022
Dispatch of share certificates and CCASS settlement                                Friday, 25 March 2022


Treatment:

Certificate holders are advised that the value of each Stub note certificate will be adjusted by the ZAR equivalent value of the
abovementioned distribution in specie of Class A ordinary shares of JD.com, as determined by Investec Bank Ltd in their capacity as
calculating agent. The certificate adjustment shall be effective Thursday, 20 January 2022.


Calculation:


  Short Equity Quantity per Basket:                     -1.10283
  JD.com Dividend in specie per basket                  -0.05252             (A)
  Hedge price of JD.com (HKD)                            281.4               (B)
  HKDZAR                                                 1.9857              (C)
  ZAR Adjustment Amount                                  -29.34          (A x B x C)


Effective date:

The ZAR adjustment amount shall be applied to each certificate, effective 20 January 2022.

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


Date: 20 January 2022


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: 20-01-2022 05:20:00
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