ESPIBM Expiry INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS - ESPIBM Old Position (ESPIBM) New Position (SPIB29) Reference Index Euro Stoxx 50 ® Index Euro Stoxx 50 ® Index Strike Price 3541.78 TBA Expiry Date 23 November 2018 31 May 2022 Cover Ratio 1:1 1:1 Call/Put Put Put Style European European Issue Size 57,563 TBA JSE Code ESPIBM SPIB29 ISIN ZAE000202487 TBA Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of their option expiry on 23 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 ESPIBM will automatically accrue to the Holder via instruction through STRATE on 29 November 2018. Holders who elected to receive delivery of the remaining underlying securities will receive 203 Sygnia ITRIX EuroStoxx50 ETF (SYGEU) per ESPIBM on 29 November 2018. Holders who have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest in a quantity of new ESPs shall receive one new SPIB29, to be listed on 13 December 2018, for every ESPIBM held. The Holders’ positions in SPIB29 following the expiry of ESPIBM will be allocated on 19 December 2018. Date: 26 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: 26/11/2018 10:05:00 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.