Expiry Notice - ESPIBZ - 2nd Announcement INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP) Share S&P 500 Index Strike Price 1341.45 Expiry Date 25/01/2016 Cover Ratio 1:1 Call/Put Put Style Other Bermudan Issue Size 4,172 JSE Code ESPIBZ ZAE000169546 Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of the option expiry on 25 January 2016. The Final Reference Price exceeded the Put Strike Price on the Expiry Date and hence the Put Option expires out the money. As a result thereof, the Holders will be obliged to pay a Premium to the Issuers by delivery of the additional underlying securities to the value of the Premium. The Holders’ Underlying Securities will be sold at the equivalent Put Strike Price per Share and a cash amount of R 20,786.79 per each ESPIBZ’s held shall be settled through STRATE on 02 February 2016. 27 January 2016 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 For further information contact: Investec Warrants Tel.: 011 286-4672 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities (Pty) Ltd Member of the JSE Registration number. 1972/008905/07) Date: 27/01/2016 03:59:00 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.