Class IMRP3 redeemable cumulative non-participating no par value preference shares (“preference shares”) Investec Bank (Mauritius) Limited Incorporated in the Republic of Mauritius Company Registration number 8752/3362 Business Registration number C09008752 JSE Share Code: IMRP3 ISIN: MU0455S00024 Amendment to Preference share dividend announcement Class IMRP3 redeemable cumulative non-participating no par value preference shares (“preference shares”) Declaration of dividend number 9 We refer to the recent announcement made by the Minister of Finance in the 2017 Budget speech on 22 February 2017 that Dividend Withholding Tax will be increased from 15% to 20% with immediate effect. Amendments to the additional information to take note of: - The dividend paid by Investec Bank (Mauritius) Limited is a foreign dividend and is subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax Agreements as legislated) equal to 485.02790 ZAR cents per share - Preference shareholders who are exempt from paying the Dividend Tax will receive a gross dividend of 2,425.13949 ZAR cents per preference share - Preference shareholders who are not exempt from paying the Dividend Tax will receive a net dividend of 1,940.11159 ZAR cents per preference share. By order of the board P Jeewooth Company Secretary Investec Bank (Mauritius) Limited 24 February 2017 Sponsor: Investec Bank Limited Date: 24/02/2017 02:15:00 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.