Expiry of SPXIIF Autocall Index Warrants INVESTEC BANK LIMITED EXPIRY OF SPXIIF AUTOCALL INDEX WARRANTS (AUTOCALLS) 21 October 2016 Index S&P500® Strike Price 2018.94 Expiry Date 21/10/2020 Cover Ratio 1:1 Call/Put/Other Other Style Bermudan Issue Size 85,000 JSE Code SPXIIF ZAE000211546 Investec Bank Limited, as Issuers of the above Autocall Index Warrants (Autocalls), hereby notifies holders of their automatic option expiry which occurred on 21 October 2016 (see the related securities above). On 21 October 2016 (the Valuation and Exercise Date), the Index Level was 2,141.16 therefore the Autocalls automatically exercise and expire on the 21 October 2016, and the Holders are entitled to a Cash Settlement Amount determined as follows: Cash Settlement Amount = Reference Amount x 120% = ZAR1,200.00 The Cash Settlement Amount per Autocall held on 21 October 2016 will automatically accrue to the holder via instruction through STRATE. Holders will receive the Cash Settlement Amount of R1,200.00 on 31 October 2016 for every warrant held. 24 October 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) Limited Member of the JSE Registration number. 1972/008905/07) Date: 24/10/2016 03:57:00 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.