New Financial Instrument Listing Announcement Investec Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1969/004763/06) Interest Rate Issuer code: BIINLP New Financial Instrument Listing Announcement ISSUE OF IVC176 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES (“IVC176 NOTES”) Application has been made to the JSE Limited (“JSE”) for the listing of R125,000,000 (One Hundred and Twenty Five Million Rand) senior unsecured floating rate credit linked Notes (stock code IVC176), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010. The IVC176 Notes will be issued to Noteholders on the date of listing being 5 June 2020 with effect from commencement of trade. Salient features of the IVC176 Notes are listed below: Issuer Investec Bank Limited Instrument Senior unsecured credit linked Notes Issue Date 5 June 2020 Nominal Amount per Note R1,000,000 Interest Rate 3 month JIBAR plus the Margin Interest Determination Date The Interest Commencement Date; and thereafter 5 September, 5 December, 5 March and 5 June of each year, as adjusted in accordance with the applicable Business Day Convention Margin 1.85% (one point eight five percent) for the period beginning on and including the Issue Date to but excluding the Scheduled Maturity Date; Scheduled Maturity Date 5 June 2023 Optional Redemption Date (Call) N/A Issue price of the Notes 100% 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 24 February to 5 March; 27 May to 5 June; 27 August to 5 September and 26 November to 5 December (all dates inclusive) in each year until the Scheduled Maturity Date. Last Day to Register 23 February, 26 May, 26 August and 25 November in 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 5 September, 5 December, 5 March and 5 June in 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 IVC176 ISIN ZAG000168428 Aggregate Nominal Amount of Notes Outstanding ZAR6,997,191,236 (Six Billion Nine in the Programme after this issuance Hundred and Ninety Seven Million One Hundred and Ninety One Thousand Two Hundred and Thirty Six 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: 4 June 2020 Debt Sponsor: Investec Bank Limited abotha@investec.co.za Date: 04-06-2020 10:16:00 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.