INVESTEC BANK LIMITED - UPDATE OF THE PROGRAMME MEMORANDA

UPDATE OF THE PROGRAMME MEMORANDA

Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69

INVESTEC BANK LIMITED: UPDATE OF THE PROGRAMME MEMORANDA

In accordance with the provisions of paragraph 6.54 of the Debt Listings Requirements,
noteholders are advised that Investec Bank Limited has concluded an update of its
ZAR10,000,000,000 Credit Linked Note Programme (“CLN Programme”)                      and
ZAR40,000,000,000 Domestic Medium Term Note and Preference Share Programme (“DMTN
Programme”) (the CLN and the DMTN Programmes are jointly referred to as the “Programmes”).

The updates include:
• additional disclosures as required by the newly amended Debt Listings Requirements which
   became effective 30 September 2020.
• the settlement, clearing and transfer of notes section and the South African taxation section
   have been updated to reflect the legislation applicable.
• The information included in certain sections have been removed from the Programme, are
   now incorporated by reference and are contained in an issuer disclosure document which is
   available      for      viewing     or     downloading       on      the     following     link:
   https://www.investec.com/en_za/legal/SA.html
• DMTN Programme: Terms and Conditions have been updated to insert additional terms and
   conditions to allow the Issuer to issue notes or preference shares which are credit linked,
   equity linked, or that are equity basket notes or equity basket preference shares, or are fund
   linked or portfolio linked.
• CLN Programme: Terms and Conditions have been updated to include new definitions and
   provisions, including but not limited to the new Government Intervention Credit Event, the
   Asset Package Delivery provisions, the new Universal Successor and Standard Reference
   Obligation provisions, changes to the terms relating to Obligations and Deliverable Obligations
   and changes to the Restructuring Credit Event provisions and the new definition of
   Outstanding Principal Balance.

Investors should study the updated Programmes for full details of the relevant changes.

The executed Programmes are available for viewing or downloading on the following link:
https://www.investec.com/en_za/corporate-investment/institutional-sales-and-structuring/pricing-
supplements.html

26 March 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 26-03-2021 12:10:00
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