INVESTEC BANK LIMITED - Issue of Flexible Investment Notes - FNIB22

Issue of Flexible Investment Notes - FNIB22

INVESTEC BANK LIMITED

ISSUE OF FLEXIBLE INVESTMENT NOTES
Investec Flexible Investment Notes FNIB22 (Notes)

Commencement Date: 18 September 2025

INVESTMENT PROFILE NO. 1: INVESTEC GLOBAL EQUITY GEARED GROWTH

 Reference Asset
                                                 Reference Asset     Weight        Initial Reference Level
                                                 Component

                                                 S&P 500 Index       50%
                                                                                   6587.47
                                                 Euro Stoxx 50       20%
                                                 Index                             5386.77
                                                 Nikkei 225 Index    10%           44372.5

                                                 iShares MSCI        20%           52.29
                                                 Emerging Markets
                                                 ETF


 Credit Reference Entity                         Societe Generale SA
 Initial Valuation Date                          11 September 2025

 Final Valuation Date                            11 September 2028

 Call/Put/Other                                  Call
 Style                                           European


THE NOTES:

 Cover Ratio                                     1:1
 Scheduled Redemption Date                       11 September 2045
 Issue Size                                      100 000
 JSE Code                                        FNIB22
 ISIN Code                                       ZAE000353223

The JSE Limited ("JSE") has approved the listing of the abovementioned Notes and trading will commence on Thursday 18 September 2025.
All members of the JSE may participate in trading, which will occur according to normal JSE Rules.

The Flexible Investment 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 Warrant and Note Programme and
Pricing Supplement relating to this Note.

Date: 18 September 2025

Copies of the offering circular may be obtained from:
          Investec Bank Limited
          100 Grayston Drive
          Sandown
          Sandton
          2196

Copies of the Warrant and Note Programme Memorandum 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: 18-09-2025 10:42:00
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