INVESTEC BANK MAURITIUS LIMITED - Update to Programme Memorandum

Update to Programme Memorandum

Investec Bank (Mauritius) Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 8752/3362)


NOTIFICATION OF AN UPDATE TO THE PROGRAMME MEMORANDUM

Investec Bank (Mauritius) Limited (“the Issuer”) has received approval from the JSE Limited (“JSE”) in
respect of its amended programme memorandum (“the Amended PM”) dated 1 July 2019 (“the
Programme Date”), established in relation to the issuer’s ZAR6,000,000,000 Domestic Medium Term
Note and Preference Share Programme.

A summary of the changes effected in the Amended PM is provided below:

-   The terms and conditions have been updated for the following:
        • to insert additional terms and conditions to allow the Issuer to issue notes or preference
             shares which are credit linked, equity linked or indexed linked, or that are equity basket
             notes or equity basket preference shares; and
        • for amendments to the JSE Debt Listings Requirements (the Requirements), which
             includes but is not limited to, amendments to cater for the Part 1A of 2018 amendments to
             the Requirements and for paragraphs 7.26 and 7.27 of the Requirements;
-   The Risk Factors section has been removed from the Amended PM and will be published on the
    Issuer’s website at https://www.investec.com/en_mu/legal/mu/medium-term-note-and-preference-
    share-programme.html;
-   The Overview of the Regulatory Capital Requirements section has been removed from the
    Amended        PM      and      will     be   published    on      the     Issuer’s   website    at
    https://www.investec.com/en_mu/legal/mu/medium-term-note-and-preference-share-
    programme.html;
-   The Description of the Issuer section, including, but not limited to, its business, management,
    directors and corporate governance disclosure has been removed from the Amended PM and will
    be published on the Issuer’s website at https://www.investec.com/en_mu/legal/mu/medium-term-
    note-and-preference-share-programme.html; and
-   the South African Exchange Control section has been removed from the Amended PM and will be
    published on the Issuer’s website at https://www.investec.com/en_mu/legal/mu/medium-term-note-
    and-preference-share-programme.html.

The Amended PM supersedes and replaces the previous Programme Memorandum in its entirety, and
securities issued under the Programme on or after the Programme Date are subject to the provisions
described herein. The Amended PM does not affect any securities issued before the Programme Date
and the previous Programme Memorandum will continue to apply to such securities, as applicable. The
Amended PM is available for inspection at the registered office of the Issuer and has been made
available for inspection on its website at https://www.investec.com/en_mu/legal/mu/medium-term-note-
and-preference-share-programme.html.

The Amended PM will also be available for inspection on the JSE’s website at www.jse.co.za.

1 August 2019

Investec Bank Limited
Debt Sponsor

Date: 01/08/2019 03:44:00
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