Notification of adjustment event – IBLIJA INVESTEC BANK LIMITED NOTIFICATION OF ADJUSTMENT EVENT - STRUCTURED PRODUCT NOTES (NOTES) – IBLIJA Investec Structured Product Notes Commencement Date: 5 January 2023 Index Basket of Shares Shares Naspers Limited (JSE: NPN) Tencent Holdings Limited (Hong Kong: 700HK) Strike Price ZAR1,000 Expiry Date 24 August 2023 Cover Ratio 1:1 Call/Put/Other Call Style European Issue Size 3,000,000 JSE Code IBLIJA ISIN Code ZAE000313730 On 16 November 2022, Tencent Holdings Limited (“Tencent”) announced the declaration of a special interim dividend by way of distribution in specie of Class B ordinary shares of Meituan (HKG: 3690). Qualifying shareholders in Tencent will receive 1 ordinary share of Meituan (HKG: 3690) for every 10 shares held, being rounded down to the nearest whole number of Meituan (HKG: 3690) shares. For further information, please refer to: https://static.www.tencent.com/uploads/2022/11/16/b92d6f78a14cbcc512c2b48f0942dd9f.pdf Key dates in the timeline are as follows: Last day for dealing in the Shares on a cum-entitlement basis Wednesday, 4 January 2023 Commencement of dealing in the Shares on an ex-entitlement basis Thursday, 5 January 2023 Dispatch of share certificates and CCASS settlement Friday, 24 March 2023 Treatment: Certificate holders are advised that the value of each Stub Note certificate will be adjusted by the ZAR equivalent value of the abovementioned distribution in specie of Class B ordinary shares of Meituan (HKG: 3690), as determined by Investec Bank Limited in their capacity as calculation agent. The certificate adjustment shall be effective Thursday, 5 January 2023. Calculation: Short Equity Quantity per Basket: -1.47924420679893 Meituan Dividend in specie per basket -0.147924421 (A) Hedge price of Meituan (HKD) 181.3 (B) HKDZAR 2.1514 (C) ZAR Adjustment Amount -57.70 (A x B x C) Effective date: The ZAR adjustment amount shall be applied to each certificate, effective 5 January 2023. Any capitalized terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation. Date: 4 January 2023 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 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: 04-01-2023 02:59:00 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.