Changes to the Board of Investec Bank Limited (the "Board") Investec Bank Limited Incorporated in the Republic of South Africa Registration number 1969/004763/06 JSE share code: INLP ISIN: ZAE123000048393 CHANGES TO THE BOARD OF INVESTEC BANK LIMITED (the “BOARD”) Investec announces, in accordance with Section 3.59 of the JSE Limited Listing Requirements and receipt of requisite regulatory approvals, the following changes to the Board of Investec Bank Limited: Director appointment The Board is pleased to announce the appointment of Philip Alan Hourquebie as an independent non- executive director of Investec Bank Limited with effect from 12 December 2018. Philip was previously a senior partner at Ernst & Young Inc (EY) with a background in advisory services in both the private and public services. Philip retired from EY in 2014. He has substantial leadership credentials and non-executive experience and is currently a non-executive director of Investec Limited, Investec plc and Investec Property Fund (South African listed fund - part of Investec Group) and Aveng Limited (South African listed multi-national group). Director resignation Further to the announcement released on 06 February 2018, Glynn Robert Burger steps down as an executive director of Investec Bank Limited, after 28 years, with effect from 12 December 2018. Glynn will still remain the Group Risk and Finance Director until his retirement on 31 March 2019. We would like to express our sincere gratitude to Glynn for his many years of exemplary service. For further information please contact: Investec Investor Relations Ursula Nobrega +27 (0) 11 286 7070 investorrelations@investec.com Johannesburg 12 December 2018 Sponsor: Investec Bank Limited Date: 12/12/2018 02:45:00 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.