The Issue of Index Warrants (TOPIBB) INVESTEC BANK LIMITED THE ISSUE OF INDEX WARRANTS Investec Index Warrants: Commencement Date: 16 November 2016 Share FTSE/JSE TOP40 Strike Price 46,500 Points Expiry Date 2017/06/08 Cover Ratio 250:1 Call/Put Call Style European Issue Size 100,000,000 JSE Code TOPIBB ISIN Code ZAE000232500 The JSE Limited (“JSE”) has approved the listing of the abovementioned warrants and trading will commence on Wednesday, 16 November 2016. All members of the JSE may participate in trading, which will occur according to normal JSE Rules. As the Warrants have been dematerialised, settlement will be effected electronically through the STRATE system of the JSE and accordingly, certificates evidencing the Warrants will not be issued to Holders. Any capitalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Warrant issue documentation. Date: 16 November 2016 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.investec.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 Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Sponsor: Investec Securities (Pty) Ltd Member of the JSE Registration Number: 1972/008905/07 Date: 16/11/2016 11:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.