SPIB12 - Expiry announcement INVESTEC BANK LIMITED EXPIRY OF EQUITY STRUCTURED PRODUCTS – SPIB12 Reference Index World Axis Core Fund Strike Price USD160.374 Expiry Date 12 July 2019 Cover Ratio 1:1 Call/Put Put Style European Issue Size 5,000 ISIN Code ZAE000223970 JSE Code SPIB12 Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of their option expiry which occurred on 12 July 2019 (see the related securities above). The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date and hence the Put Option expired in the money. As a result thereof, at maturity, the Holder will sell the Underlying Securities to the Issuer and the equivalent Put Strike Price of R2,154.21 per SPIB12 will automatically accrue to the Holder via instruction through STRATE on 18 July 2019. Holders that have elected and requested the Issuer to utilize the Underlying Securities to reinvest into a quantity of new ESPs shall receive one new SPIB28 to be listed on or before 05 August 2019 for every SPIB12 held. The Holders’ new positions in SPIB28 following the expiry of SPIB12 will be allocated by 08 August 2019. Date: 15 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) Date: 15/07/2019 12:04:00 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.