INVESTEC BANK LIMITED - No exercise of SCRIIB autocall notes

No exercise of SCRIIB autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   SCOR SE (Paris)

 Strike Price                       2500.57

 Expiry Date                        26 May 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         100 000

 JSE Code                           SCRIIB

 ISIN Code                          ZAE000311254


 UPDATE ANNOUNCEMENT – NO EXERCISE OF SCRIIB AUTOCALL NOTES (AUTOCALLS) ON 24 MAY 2023

Holders are referred to the SENS announcement dated 12 May 2023, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 24 May 2023. The dates referred to in the SENS announcement dated
12 May 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 24 May 2023, multiplied by the Share
                                          Adjustment Factor, is greater than the Initial Asset Price

 Closing level of the Underlying          2332.82
 Asset on 24 May 2023, multiplied
 by the Share Adjustment Factor

 Remaining Exercise Dates                  Friday, 24 May 2024
                                           Monday, 26 May 2025
                                           Monday, 25 May 2026
                                           Wednesday, 26 May 2027



Date: 25 May 2023

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: 25-05-2023 09:26:00
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