INVESTEC BANK LIMITED - SPIB10 - Expiry announcement

SPIB10 - Expiry announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS – SPIB10

 Share/ Reference Index               S&P500 Index
 Strike Price                         2163.78
 Expiry Date                          20 July 2021
 Early Exercise Date                  22 July 2019
 Cover Ratio                          1:1
 Call/Put                             Put
 Style                                Bermudan
 Issue Size                           5,015
 JSE Code                             SPIB10
 I.S.I.N                              ZAE000222824


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
the possible early option expiry on 22 July 2019 (see the related securities above).

If the conditions for early exercise are fulfilled and in the event that the Put Strike Price of the Put exceeds the Final
Reference Price on the Expiry Date, the Put Option will be automatically exercised, the Holders will sell the Holder
Underlying Securities to the Issuer and the Put Strike Price will automatically accrue to the Holder via instruction through
STRATE on 26 July 2019.

If the conditions for early exercise are fulfilled and in the event that the Final Reference Price exceeds the Put Strike
Price on the Expiry Date the Put Option shall expire 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, will automatically accrue to the Holder via instruction through STRATE on 26 July 2019. Holders who wish
to receive delivery of the remaining Underlying Securities will need to inform Investec Bank in writing by close of business
on the 22 July 2019.

Each Holder may elect and request to reinvest into a new quantity of ESPs (“the new ESP”). The terms and conditions
of the new ESP series will be governed by a new Pricing Supplement. Investec will, if so elected by the Holder, settle
any amount due to Holder pursuant to the expiry of the existing ESPs by allocation of new ESPs which will be listed on
or before 20 September 2019. Holders of SPIB10 will be notified on 23 July 2019 and to the extent applicable, the
number of new ESPs that will be allocated per each SPIB10.

Date: 12 July 2019

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.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 kindly contact:
         Investec Financial Products
         Tel.: +27 11 286 9663
         E-mail: FPRetail@investec.co.za
Sponsor
          Investec Securities (Pty) Ltd
          Member of the JSE
          Registration number. 1972/008905/07)

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