Expiry- ESPIBC INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP) Old Position (ESPIBC) New Position (SPIB20) Reference index Euro Stoxx 50® Index Euro Stoxx 50 ® Index Strike Price 3121.59 3555.17 Expiry Date 26 September 2017 26 March 2021 Cover Ratio 1:1 1:1 Call/Put Put Put Style European European Issue Size 25 765 17 955 JSE Code ESPIBC SPIB20 ISIN ZAE000189148 TBA Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of the option expiry on 26 September 2017 (see the related securities above). The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date, hence the Put Option expired in the money. As a result thereof the Holder will sell the Holder Underlying Securities to the Issuer, and the equivalent Put Strike Price of R14,313.74 per ESPIBC will automatically accrue to the Holder via instruction through STRATE on 2 October 2017. Holders who have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest in a quantity of new ESPs shall receive one new SPIB20 to be listed on 11 October 2017 for every ESPIBC held. The Holders positions in SPIB20 following the expiry of ESPIBC will be allocated on 16 October 2017. 29 September 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: 29/09/2017 12:40:00 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.