ESPIBO - Expiry announcement INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS - ESPIBO Share/ Reference Index Euro Stoxx 50 ® Index Strike Price 3425.25 Expiry Date 20 November 2018 Cover Ratio 1:1 Call/Put Put Style European Issue Size 11,489 JSE Code ESPIBO I.S.I.N ZAE000202065 Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of their option expiry on 20 November 2018 (see the related securities above). The Final Reference Price exceeded the Put Strike Price on the Expiry Date therefore the Put Option expired out of the money and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell the Holders Underlying Securities for the Final Reference Amount and the proceeds less the Premium, being R10,000.00 per ESPIBO will automatically accrue to the Holder via instruction through STRATE on 26 November 2018. Holders who elected to receive delivery of the remaining underlying securities will receive 200 Sygnia ITRIX EuroStoxx50 ETF (SYGEU) per ESPIBO on 26 November 2018. Date: 21 November 2018 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 Copies of 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 contact: Investec Financial Products Tel.: +27 11 286 9663 E-mail: FPRetail@investec.co.za Internet: www.investec.com Sponsor Investec Securities (Pty) Ltd Member of the JSE Registration number. 1972/008905/07 Date: 21/11/2018 10:58:00 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.