INVESTEC BANK LIMITED - Notification of adjustment event FNIB15

Notification of adjustment event – FNIB15

INVESTEC BANK LIMITED
(Incorporated in the republic of South Africa)
(registration number: 1969/004763/06)


NOTIFICATION OF ADJUSTMENT EVENT – FNIB15



 Expiry Date                         20 December 2044
 Reset Date                          15 December 2027
 Cover Ratio                         1:1
 Call/Put/Other                      Call
 Style                               Bermudan
 Issue Size                          100,000
 JSE Code                            FNIB15
 ISIN Code                           ZAE000342713



Shares of Anglo America PLC form one of the underlying assets that are referenced in the FNIB15 notes. Anglo
American shareholders voted to support the proposed demerger of a portion of Anglo American PLC's interest in the
platinum group metals business, Anglo American Platinum Limited (now renamed Valterra Platinum Limited) ("AAP")
and to proceed with a share consolidation of Anglo American PLC.

The salient dates are as follows:

- Finalisation Date is Tuesday, 20 May 2025.
- Last Day to Trade in order to participate in the demerger and share consolidation is Friday, 30 May 2025.
- The Effective Date for the demerger is Saturday, 31 May 2025.
- The Effective Date for the consolidation is Sunday, 01 June 2025.
- Shares commence trading "ex" the demerger and share consolidation on Monday, 02 June 2025.
- The Record Date for the demerger and consolidation is Wednesday, 04 June 2025.


Treatment:

FNIB15 noteholders are advised that the Initial Share Price for Anglo American PLC will be adjusted to account for the
abovementioned demerger and share consolidation. The adjustment will be determined by Investec Bank Ltd in its
capacity as calculating agent and will be confirmed by 10am on Wednesday, 04 June 2025.




Effective date:

The ZAR adjustment amount shall be applied to each FNIB15 note, effective 05 June 2025.


Date: 28 May 2025


Copies of Warrant issue documentation can be located on:
        Internet: www.investecwarrants.com

For further information kindly contact:
        Investec Financial Products
        Tel.: +27 11 286 9663
        E-mail: FPRetail@investec.co.za

Sponsor:
        Investec Bank Limited

Date: 28-05-2025 11:05:00
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