INVESTEC BANK MAURITIUS LIMITED - Issue of Class IMRP10 Credit-Linked Unsecured Redeemable Cumulative Non-Participating No Par Value Preference Shares

Issue of Class IMRP10 Credit-Linked Unsecured Redeemable Cumulative Non-Participating No Par Value Preference Shares

Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP10
JSE Issuer Share Code: IVES
ISIN: MU0455S00099
LEI Number: 213800VEN92NOOOJF520


INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP10 CREDIT-LINKED
UNSECURED REDEEMABLE CUMULATIVE NON-PARTICIPATING NO PAR VALUE
PREFERENCE SHARES (CREDIT-LINKED REDEEMABLE PREFERENCE SHARES): IMRP10

Following the establishment of a Medium Term Note and Preference Share Programme
(‘the Programme’) for the inward listing of notes or preference shares on the Johannesburg
Stock Exchange, the amended and restated Programme Memorandum (“the Programme
Memorandum”) dated 1 July 2019 in respect of the Programme was approved by the JSE
Limited (“the JSE”) on 1 July 2019.

Investors are advised that, following a successful private placement, the JSE has approved
the inward listing of 3,750 Credit-Linked Redeemable Preference Shares, as Class IMRP10
with effect from Tuesday, 18 July 2023 (“the listing date”) in the “Preference Share” sector
of the Main Board with the abbreviated name “IMRPREF10”, alpha code IMRP10 and ISIN
code MU0455S00099.

Salient features of the Class IMRP10 Redeemable Preference Shares are detailed
below:

Issuer                         Investec Bank (Mauritius) Limited
Instrument code                IMRP10
ISIN                           MU0455S00099
Instrument                     Credit-Linked Unsecured Redeemable Cumulative Non-
                               Participating Preference Shares
Aggregate Issue                R150 000 000                          
price
Issue price per share          R40,000.00
Issue date                     18 July 2023
Dividend rate(s)               ZAR-JIBAR-SAFEX with a Designated Maturity of 3 (three)
                               months plus the applicable Margin
Dividend                       Issue Date
commencement date
Dividend payment               20 June and 20 December of each year, and the Final
dates                          Redemption Date or any earlier date on which this Tranche
                               of Programme Preference Shares are Redeemed, with the
                               first Dividend Payment Date being 20 December 2023.
Margin                         0.10% (0.10 percent)
Scheduled                      20 June 2028
Termination Date
Business day                   Following Business Day
convention
Total amount in                R3,101,549,310.00
issue, after this
issuance
Final Redemption               As determined in accordance with Condition 4.1 and 4.2 of
Amount                         the Credit Linked Conditions
Final Redemption               The Final Redemption Date (as defined in the Credit Linked
Date                           Conditions)
Additional Terms               as set out in Annexure A of the Applicable Pricing
and                            Supplement. The Additional Terms/changes relate to
conditions/changes             Terms Adjustments: Issuer, Terms Adjustment:
to the Programme               Programme Preference Shareholder, the cancellation of
Memorandum                     the payment of Preference Dividends if an Event
                               Determination Date occurs, the disapplication of certain
                               terms set out in the Programme Memorandum, conditions
                               relating to early redemption of the Programme Preference
                               Shares and the payment of unwind costs.


18 July 2023
Johannesburg

Sponsor:
Investec Bank Limited

Date: 18-07-2023 05:37:00
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.