INVESTEC BANK LIMITED - Update announcement - coupon payment and no exercise

Update announcement - coupon payment and no exercise

INVESTEC BANK LIMITED



 Underlying Indices and Initial    S&P 500 Index                               4,158.24
 Index Levels                      FTSE 100 Index                              7,585.46
                                   Euro Stoxx Select Dividend 30 Index         1,740.38

 Expiry Date                       30 May 2028
 Cover Ratio                       1:1
 Call/Put/Other                    Call
 Style                             Bermudan
 Issue Size                        100 000
 JSE Code                          USSIIA
 ISIN Code                         ZAE000311395


UPDATE ANNOUNCEMENT - NO EXERCISE OF USSIIA AUTOCALL NOTES (AUTOCALLS) ON 28 May 2024

Holders are referred to the SENS announcement dated 14 May 2024, the conditions for Exercise were not met and the
Autocalls were not automatically exercised on 28 May 2024. The dates referred to in the SENS announcement dated
14 May 2024 are not applicable.

 Condition for Exercise                  Closing level of all Underlying Indices on 28 May 2024 is equal to or greater
                                         than the respective Initial Index Levels

 Closing level of the Underlying         S&P 500 Index                              5,306.04
 Indices on 28 May 2024                  FTSE 100 Index                             8,254.18
                                         Euro Stoxx Select Dividend 30 Index        1,709.08
 Remaining Exercise Dates
                                         Tuesday, May 27, 2025
                                         Wednesday, May 27, 2026
                                         Thursday, May 27, 2027
                                         Tuesday, May 30, 2028

CONDITIONAL COUPON

As announced on 14 May 2024, Investec Bank Limited, as Issuer of the above Autocall Notes ("Autocalls"), hereby
notifies Holders of the Coupon payable.

On 28 May 2024 (the valuation Date), the conditions for the Coupon to be paid were met and Holders are entitled to a
Cash Settlement Amount determined as follows.

 Conditions for Coupon Payment         Closing level of all Underlying Indices on 28 May 2024 are greater than the
                                       respective Initial Index Levels multiplied by 85%

 Date of announcement of whether       Thursday, 30 May 2024
 the Condition for the Coupon
 Payment has been met

 Cash Settlement Amount                R130.0000
 Last date to trade                    Thursday, 30 May 2024
 Record date                           Tuesday, 04 June 2024
 Payment Date                          Wednesday, 05 June 2024


Date: 30 May 2024

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: 1969/004763/06

Date: 30-05-2024 11:30:00
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