Decrease in issue size- ESPIB1 INVESTEC BANK LIMITED AMENDMENT NOTICE- ISSUE OF EQUITY STRUCTURED PRODUCTS (ESP) Investec Equity Structured Products (ESP): Commencement Date: 08 May 2017 Reference Index REITWAY BCI GLOBAL PROPERTY FUND (CLASS C) Strike Price ZAR 117.8784 Expiry Date 11 August 2023 Cover Ratio 1:1 Call/Put Put Style European Original Issue Size 455 258 Adjusted Issue Size 409 690 JSE Code ESPIB1 ZAE000208922 Holders of the ESPIB1 are advised that an adjustment has been made to decrease the issue size to 409 690. This adjustment is effective from Monday, 08 May 2017. The warrant is exercisable only in accordance with the terms and conditions as set out in the relevant offering circular. Date: 08 May 2017 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: 08/05/2017 12:55:00 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.