Tap Issuance Financial Instrument Listing Announcement - IVC188 Investec Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1969/004763/06) Issuer code: BIINLP LEI No: 549300RH5FFHO48FXT69 Tap Issuance Financial Instrument Listing Announcement ISSUE OF IVC188 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES (“IVC188 NOTES”) Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC188), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010. The IVC188 Notes will be issued to Noteholders on the date of listing being 15 December 2020 with effect from commencement of trade. Salient features of the IVC188 Notes are listed below: Issuer Investec Bank Limited Principal Amount R150,000,000 Instrument Senior unsecured credit linked Notes Issue price per note 100.20640% Tranche 2 Issue Date 15 December 2020 Nominal Amount per Note R1,000,000 Interest Rate 3-month JIBAR plus the Margin Interest Determination Date 2 December, 2 March, 2 June and 2 September of each year, as adjusted in accordance with the applicable Business Day Convention Margin 2.50% (two point five zero percent) for the period beginning on and including the Issue Date to but excluding 2 December 2021; 3.00% (three point zero zero percent) for the period beginning on and including 2 December 2021 to and excluding the Scheduled Maturity Date Scheduled Maturity Date 2 December 2022 Optional Redemption Date (Call) 2 December 2021 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 23 November to 2 December, 21 February to 2 March, 24 May to 2 June and 24 August to 2 September (all dates inclusive) of each year until the Scheduled Maturity Date Last Day to Register 20 February, 23 May, 23 August and 22 November 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 2 March, 2 June, 2 September and 2 December of each year, or if such date is not a Business Day, the Business Day on which the interest will be paid, as adjusted in accordance with the applicable Business Day Convention (as specified in the Applicable Pricing Supplement), commencing on the first interest payment date being 2 March 2021 Business Day Convention Following Business Day JSE Stock Code IVC188 ISIN ZAG000173022 Aggregate Nominal Amount of Notes Outstanding ZAR8,445,231,785 (eight billion under the Programme after this issuance four hundred and forty five million two hundred and thirty one thousand seven hundred and eighty five 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: 14 December 2020 Debt Sponsor: Investec Bank Limited abotha@investec.co.za Date: 14-12-2020 11:39:00 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.