New Financial Instrument Listing Announcement - IVC178 Investec Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1969/004763/06) Issuer code: BIINLP New Financial Instrument Listing Announcement ISSUE OF IVC178 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES (“IVC178 NOTES”) Application has been made to the JSE Limited (“JSE”) for the listing of R60,000,000 (Sixty Million Rand) senior unsecured floating rate credit linked Notes (stock code IVC178), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010. The IVC178 Notes will be issued to Noteholders on the date of listing being 9 July 2020 with effect from commencement of trade. Salient features of the IVC178 Notes are listed below: Issuer Investec Bank Limited Issue Price R60,000,000 Instrument Senior unsecured credit linked Notes Issue Date 9 July 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 9 July, 9 October, 9 January and 9 April in each year, as adjusted in accordance with the applicable Business Day Convention Margin 2.25% (two point two five percent) for the period beginning on and including the Issue Date to but excluding 9 July 2023; and 2.70% (two point seven zero percent) for the period from and including 9 July 2023 to and excluding the Scheduled Maturity Date Scheduled Maturity Date 9 July 2025 Optional Redemption Date (Call) 9 July 2023 Issue price per Note 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 30 June to 9 July, 30 September to 9 October, 31 December to 9 January and 31 March to 9 April (all dates inclusive) in each year until the Scheduled Maturity Date. Last Day to Register 29 June, 29 September, 30 December and 30 March 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 9 July, 9 October, 9 January and 9 April 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 IVC178 ISIN ZAG000169418 Aggregate Nominal Amount of Notes Outstanding ZAR7 247 191 236 (Seven Billion under the Programme after this issuance Two Hundred and Forty 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: 8 July 2020 Debt Sponsor: Investec Bank Limited abotha@investec.co.za Date: 08-07-2020 09:08:00 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.