Investec Bank Limited - New Financial Instrument Listing Investec Bank Limited New Financial Instrument Listing Announcement ISSUE OF IVC169 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES (“IVC169 NOTES”) Application has been made to the JSE Limited (“JSE”) for the listing of R250, 000,000 (Two Hundred and Fifty Million Rand) senior unsecured floating rate credit linked Notes (stock code IVC169), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010. The IVC169 Notes will be issued to Noteholders on the date of listing being 10 March 2020 with effect from commencement of trade. Salient features of the IVC169 Notes are listed below: Issuer Investec Bank Limited Instrument Senior unsecured credit linked Notes Issue Date 10 March 2020 Nominal Amount per Note R1,000,000 Interest Rate 6 month JIBAR plus the Margin Interest Determination Date The Trade Date, being 2 March 2020 and thereafter 17 August and 17 February of each year, as adjusted in accordance with the applicable Business Day Convention Margin 0.995% (zero point nine, nine five percent) for the period beginning on and including the Issue Date to and ending on but excluding the Scheduled Maturity Date Scheduled Maturity Date 19 February 2021 Optional Redemption Date (Call) N/A Issue price per Note Final Redemption Amount per Note The Nominal Amount per Note (plus accrued unpaid interest, if any, to the Maturity Date) Interest Commencement Date Issue Date Books Close Period From 10 August to 19 August and from 10 February to 19 February (all dates inclusive) in each year until the Scheduled Maturity Date. Last Day to Register 9 August and 9 February of each year and if such day is not a Business Day, the Last Day to Register will be the Business Day immediately preceding the first day of the relevant Books Closed Period Interest Payment Dates 19 August and 10 February of each year and the Scheduled Maturity Date, adjusted in accordance with the applicable Business Day Convention. Business Day Convention Following Business Day JSE Stock Code IVC169 ISIN ZAG000166927 Aggregate Nominal Amount of Notes Outstanding ZAR250,000,000 (Two Hundred in the Series after this issuance and Fifty Million Rand) The Pricing Supplement does not contain any additional terms and conditions or changes to the terms and conditions as contained in the Programme Memorandum Investors should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these Notes. Date: 9 March 2020 Debt Sponsor: Investec Bank Limited abotha@investec.co.za Date: 05-03-2020 05:44:00 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.