INVESTEC BANK LIMITED - Issue of flexible investment notes - FNIB24

Issue of flexible investment notes - FNIB24

INVESTEC BANK LIMITED

ISSUE OF FLEXIBLE INVESTMENT (SERIES 1 GEARED GROWTH) NOTES
Investec Flexible Investment Notes FNIB24

Commencement Date: 18 November 2025

INVESTMENT PROFILE NO. 1: INVESTEC CSI300 GEARED GROWTH

 Reference Asset                          Shanghai Shenzhen CSI 300 Index
 Initial Valuation Date                   12 November 2025
 Final Valuation Dates                    14 May 2029
 Call/Put/Other                           Call
 Style                                    Bermudan

THE NOTES:
 Cover Ratio                              1:1
 Scheduled Redemption Date                10 November 2045
 Issue Size                               150 000
 JSE Code                                 FNIB24
 ISIN Code                                ZAE000355046

The JSE Limited ("JSE") has approved the listing of the abovementioned Notes and trading will commence on Tuesday, 18 November
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 Note issue documentation.

Date: 17 November 2025

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: 17-11-2025 10:15:00
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