SPXIIH Termination INVESTEC BANK LIMITED Index Standard & Poor’s 500 Index Initial Index Level 3 091.84 Expiry Date 12 November 2024 Cover Ratio 1:1 Call/Put/Other Call Style Bermudan Issue Size 30 000 JSE Code SPXIIH ISIN Code ZAE000280871 AUTOMATIC EXERCISE OF SPXIIH AUTOCALL NOTES (AUTOCALLS) ON 12 NOVEMBER 2020 Investec Bank Limited, as Issuers of the above Autocall Notes (“Autocalls”), hereby notifies Holders of their automatic option expiry which occurred on 12 November 2020 (see the related securities above). On 12 November 2020 (the Valuation and Exercise Date), the conditions for early exercise were met, therefore the Autocalls were automatically exercised and expired on the 12 November 2020. The Holders are entitled to a Cash Settlement Amount determined as follows: Condition for Exercise Closing level of the Index on 12 November 2020 is greater than the Initial Index Level Closing level of the Index on 12 3,537.01 November 2020 Date of announcement of whether Friday, 13 November 2020, by 11h00 Condition for Exercise will be met Cash Settlement Amount USD72.35185 x CCR Calculation CCR The USD/ZAR exchange rate on 13 November 2020 (15.6050) Cash Settlement Amount ZAR1,129.05 Last date to trade Friday, 13 November 2020 Suspension date Monday, 16 November 2020 Record date Wednesday, 18 November 2020 Payment/Redemption Date Thursday, 19 November 2020 Termination date Friday, 20 November 2020 Date: 13 November 2020 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 Financial Products Tel.: +27 11 286 9663 E-mail: FPRetail@investec.co.za Sponsor: Investec Bank Limited Member of the JSE Registration Number: 1969/004763/06 Date: 13-11-2020 10:24:00 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.