INVESTEC BANK LIMITED - ESPIBM Expiry

ESPIBM Expiry

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS - ESPIBM

                                   Old Position (ESPIBM)            New Position (SPIB29)
Reference Index                    Euro Stoxx 50 ® Index            Euro Stoxx 50 ® Index
Strike Price                       3541.78                          TBA
Expiry Date                        23 November 2018                 31 May 2022
Cover Ratio                        1:1                              1:1
Call/Put                           Put                              Put
Style                              European                         European
Issue Size                         57,563                           TBA
JSE Code                           ESPIBM                           SPIB29
ISIN                               ZAE000202487                     TBA


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their option expiry on 23 November 2018 (see the related securities above).

The Final Reference Price exceeded the Put Strike Price on the Expiry Date therefore the Put Option expired out of the
money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying
Securities for the Final Reference Amount and the proceeds less the Premium, being R10,000.00 per ESPIBM will
automatically accrue to the Holder via instruction through STRATE on 29 November 2018. Holders who elected to
receive delivery of the remaining underlying securities will receive 203 Sygnia ITRIX EuroStoxx50 ETF (SYGEU) per
ESPIBM on 29 November 2018.

Holders who have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest in a
quantity of new ESPs shall receive one new SPIB29, to be listed on 13 December 2018, for every ESPIBM held. The
Holders’ positions in SPIB29 following the expiry of ESPIBM will be allocated on 19 December 2018.

Date: 26 November 2018

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

Copies of 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 contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za
         Internet: www.investec.com

Sponsor
           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07

Date: 26/11/2018 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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