INVESTEC BANK LIMITED - Automatic exercise of BATIIL

Automatic exercise of BATIIL

INVESTEC BANK LIMITED

 Underlying Asset                          British American Tobacco PLC (London)
 Initial Asset Price                       3,410.5
 Expiry Date                               17 December 2027
 Cover Ratio                               1:1
 Call/Put/Other                            Call
 Style                                     Bermudan
 Issue Size                                200,000
 JSE Code                                  BATIIL
 ISIN Code                                 ZAE000317152

AUTOMATIC EXERCISE OF BATIIL AUTOCALL NOTES (AUTOCALLS) ON 08 December 2025

As announced on 24 November 2025, Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies
Holders of the automatic Exercise on 08 December 2025 (see the related securities above).

On 08 December 2025 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore the Autocalls were
Exercised and expired on 08 December 2025. The Holders are entitled to a Cash Settlement Amount determined as follows:


  Condition for Exercise                              Closing level of the Underlying Asset on 08 December 2025, multiplied by
                                                      the Dividend Adjustment Performance, is greater than or equal to the Initial
                                                      Asset Price
  Date of announcement of whether the Condition       Tuesday, 09 December 2025, by 11:00 AM
  for Exercise has been met
  Cash settlement amount                              R 1,690.00
  Last date to trade                                  Tuesday, 09 December 2025
  Suspension date                                     Wednesday, 10 December 2025
  Record date                                         Friday, 12 December 2025
  Payment/Redemption date                             Monday, 15 December 2025
  Termination date                                    Wednesday, 17 December 2025



Date: 09 December 2025


  Copies of Warrant issue documentation can be located on:           Place and Date of Incorporation of the Issuer:
          Internet: www.investecwarrants.com                                 Incorporated in the Republic of South Africa
                                                                             Registration Number: 1969/004763/06
                                                                             Date of Incorporation: 31 March 1969



  For further information kindly contact:                            Sponsor:
           Investec Financial Products                                       Investec Bank Limited
           Tel.: +27 11 286 9663                                             Member of the JSE
           E-mail: FPRetail@investec.co.za                                   Registration Number: 1969/004763/06

Date: 09-12-2025 10:30:00
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