INVESTEC BANK LIMITED - Issue of structured product notes IBLIAJ

Issue of structured product notes – IBLIAJ

INVESTEC BANK LIMITED

ISSUE OF STRUCTURED PRODUCT NOTES – IBLIAJ
Commencement Date: 25 September 2026

 Underlying Asset                   MSCI ACWI Net Total Return USD Index
 Expiry Date                        22 December 2031
 Initial Level                      630.5254
 Style                              European
 Issue Size                         1,755,936
 Issue price (ZAR cents)            100,000
 JSE Code                           IBLIAJ
 ISIN Code                          ZAE000370367


The JSE Limited (“JSE”) has approved the listing of the abovementioned Notes and trading will commence on Friday,
25 September 2026. All members of the JSE may participate in trading, which will occur according to normal JSE
Rules.

The Notes comprise inward listed securities classified as foreign for purposes of the South African Reserve Bank
Exchange Control Regulations. Therefore the full nominal or notional exposure in respect of these Notes must be
marked off against the Holder’s foreign portfolio allowance and emigrants from the Common Monetary Area shall not
be entitled to utilise “blocked Rand” in order to subscribe for the Notes.

As the Notes have been dematerialised, settlement will be effected electronically through the Strate system of the JSE
and accordingly, certificates evidencing the Notes will not be issued to Holders.

Any captalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue
documentation.

Subject to no Market Adjustment Event, Early Redemption Trigger Event or the Detachment Point occurring, the Cash
Settlement Amount per Note shall be determined as the amount calculated according to the formula detailed in the
applicable pricing supplement on the Expiry Date.

The Notes will be automatically exercised on the Expiry Date, provided that no Market Adjustment Event, Early
Redemption Trigger Event or the Detachment Point has occurred prior to the Expiry Date, with the following salient
details provided for illustrative purposes:

Investment Return Amount per Note                              To be announced before Wednesday, 24 December 2031
Expiry Date                                                                              Monday, 22 December 2031
LDT                                                                                      Monday, 29 December 2031
Suspension date                                                                         Tuesday, 30 December 2031
Record date                                                                                Friday, 2 January 2032
Payment/Redemption date                                                                    Monday, 5 January 2032
Termination date                                                                          Tuesday, 6 January 2032

The above information is in no way an indication that the conditions for Exercise are or will be fulfilled on the
Expiry Date. The Issuer will publish the declaration data in accordance with paragraph 6.104 of the JSE Debt
and Specialist Securities Listings Requirements and the revised Schedule 2 Form H corporate action timelines
to the extent that an Exercise event is likely to or will occur or if not, then the declaration data will be published
on or about the Expiry Date.

Date: 23 September 2026


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: 1972/008905/07
Date: 23/09/2026 03:50:00
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.