INVESTEC BANK LIMITED - Change in Formula for Cash Settlement Amount

Change in Formula for Cash Settlement Amount

INVESTEC BANK LIMITED

AMENDMENT AND RESTATEMENT OF THE PRICING SUPPLEMENT ISSUED IN RELATION TO THE FLEXIBLE
INVESTMENT NOTES (SERIES 1 DIGITAL PLUS) FNIB02 (NOTES) –
Investec Structured Product Notes Commencement Date: 27 June 2024



 Underlying Asset                     Euro Stoxx 50 Index
 Strike Price                         4947.73
 Expiry Date                          17 June 2044
 Reset Date                           07 February 2028
 Cover Ratio                          1:1
 Call/Put/Other                       Call
 Style                                Bermudan
 Issue Size                           600,000
 JSE Code                             FNIB02
 ISIN Code                            ZAE000336707



                                   Change in Formula for Cash Settlement Amount


A technical error has been identified in relation to the formula for the determination of the Cash
Settlement Amount of the Notes and amended with effect from the Issue Date, 27 June 2024
of the Notes.

The amendment consists of the change to the formula for the calculation of the Cash
Settlement Amount of the Notes if the Final Index Level is less than 70% of the Initial Index
Level on the Exercise Date.

         The applicable Cash Settlement formula has been corrected from:
         "Cash Settlement Amount per note = Notional *([FIL/IIL]) +30%"
         to
         "Cash Settlement Amount per note = Notional *([FIL/IIL])"

The amendment reflects what was agreed upon with Noteholders on the trade date



An Amended and Restated Applicable Pricing Supplement that corrects the error has been
signed, filed with the JSE and published on the Issuer's website

https://www.investec.com/en_za/intermediary-investing/structured-products/warrants-and-
notes.html

Date:    16 October 2024

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: 16-10-2024 03:11:00
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