INVESTEC BANK LIMITED - Notice Consent - IBRP2

Notice Consent - IBRP2

   Investec Bank Limited
   Incorporated in the Republic of South Africa
   Company Registration number 1969/004763/06
   JSE Share Code: IBRP2
   ISIN: ZAE000264081


  NOTICE TO THE HOLDERS OF THE IBRP2 INDEX-LINKED REDEEMABLE
  PROGRAMME PREFERENCE SHARES ISSUED BY INVESTEC BANK LIMITED (“THE
  ISSUER”) IN ACCORDANCE WITH ITS ZAR40,000,000,000 DOMESTIC MEDIUM TERM
  NOTE AND PREFERENCE SHARES PROGRAMME (“THE PROGRAMME”)

   1. We refer to IBRP2 Programme Preference Shares (“the IBRP2 Programme
      Preference Shares”) issued by the Issuer on 30 October 2018 under ISIN number
      ZAE000264081 under the Programme.

   2. The Issuer requested an amendment to the terms of the IBRP2 Programme
      Preference Shares by amending Additional Condition 7.7 of the Applicable Pricing
      Supplement to read as set out below:

       “7.7.    Early Redemption at the option of the Issuer”

                The Programme Preference Shares may be redeemed at the option of the Issuer, at any
                time, on written notice to the Programme Preference Shareholder delivered in accordance
                with Condition 19 (Notices) of the Programme Preference Share Terms and Conditions
                (which notice shall be revocable) (“the Issuer Optional Redemption Notice”), on the Early
                Redemption Date for an aggregate amount of R2,500,000,000, based on the formula
                stipulated in Additional Condition 3.2 where the FIP is agreed to be equal to 1 and the
                UW is zero.

   3. The Issuer hereby confirms that 100% of the holders of the IBRP2 Programme
      Preference Shares (“the IBRP2 Programme Preference Shareholders”) have
      voted and consented to the amendment requested by the Issuer.

   4. The amendment to the Applicable Pricing Supplement is effective from
      23 March 2020, the date on which the Issuer received formal written consent from
      the IBRP2 Preference Shareholders.


Investec Bank Limited

23 March 2020

Sponsor:

Investec Bank Limited

Date: 23-03-2020 04:40:00
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.