Increase in Issue Size - ESPIBY INVESTEC BANK LIMITED ISSUE OF EQUITY STRUCTURED PRODUCTS (ESP) Investec Equity Structured Products (ESP): Commencement Date: 25 November 2015 Reference Index The S&P 500® Strike Price 2 099.20 Expiry Date 06 May 2019 Cover Ratio 1:1 Call/Put Other Style Bermudan Issue Size 1,003 Total Issue Size 11,908 JSE Code ESPIBY ISIN Code ZAE000212064 Holders of the ESPIBY are advised that an adjustment has been made to increase the issue size to 11,908. This adjustment will be effective from Wednesday, 25 November 2015. The warrant is exercisable only in accordance with the terms and conditions as set out in the relevant offering circular. Date: 25 November 2015 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 Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Sponsor: Investec Securities (Pty) Limited Member of the JSE Registration Number: 1972/008905/07 Date: 25/11/2015 09:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.