Expiry and roll of ESPIBD INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP) Old Position (ESPIBD) New Position (SPIB14) Index S&P 500 Index S&P 500 Index Strike Price 1,756.54 2,391.17 Expiry Date 28 April 2017 06 November 2020 Cover Ratio 1:1 1:1 Call/Put Put Put Style European European Issue Size 16,169 17,939 JSE Code ESPIBD ZAE000185740 SPIB14 ZAE Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of their option expiry which occurred on 28 April 2017 (see the related securities above). The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date and hence the Put Option expired in the money. As a result thereof, the Holder will sell the Underlying Securities to the Issuer and the equivalent Put Strike Price of R18, 243.36 per ESPIBD will automatically accrue to the Holder via instruction through STRATE on 05 May 2017. Holders that have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest into a new quantity of new ESPs shall receive one new SPIB14 to be listed on 16 May 2017, for every ESPIBD held. The Holders’ new positions in SPIB14 following the expiry of ESPIBD will be allocated on 19 May 2017. Date: 03 May 2017 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: 03/05/2017 02:00:00 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.