Tap issuance - Financial Instrument Listing Announcement - INLV06 Investec Limited (Incorporated in the Republic of South Africa) (Registration number: 1925/002833/06) Issuer code: INLV LEI No: 13800CU7SM6O4UWOZ70 Tap issuance - Financial Instrument Listing Announcement TAP ISSUANCE - ISSUE OF INLV06 SUBORDINATED UNSECURED FLOATING RATE ADDITIONAL TIER1 NOTES (“INLV06 NOTES”) Application has been made to the JSE Limited (“JSE”) for a tap issuance for the listing of ZAR45,000,000 (Forty Five Million Rand) subordinated unsecured floating rate Additional Tier 1 Notes (stock code INLV06), under Investec Limited’s Domestic Medium Term Note and Preference Share Programme dated 15 November 2017. The tap issuance of the INLV06 Notes will be issued to Noteholders on the date of listing being 25 November 2020 with effect from commencement of trade. Salient features of the tap issuance of the INLV06 Notes are listed below: Issuer Investec Limited Instrument subordinated unsecured Additional Tier 1 Notes, subject to Write Off if a Trigger Event occurs in relation to the Issuer. Issue Date 25 November 2020 Nominal Amount per Note R1,000,000 Aggregate Nominal Amount of Tranche R45,000,000 Interest Rate 3 month JIBAR plus the Margin Interest Rate Determination Date means 22 January, 22 April, 22 July and 22 October as determined in accordance with the applicable Business Day Convention (as specified in the Applicable Pricing Supplement), provided that the first Interest Determination Date shall be on 22 October 2020 Margin 4.85% Maturity Date Not Applicable. The Notes are Additional Tier 1 Notes. Refer to item 24 of the Applicable Pricing Supplement. Issue price per Note 100.76225% Final Redemption Amount per Note The Notes are Additional Tier 1 Notes. Refer to item 24 of the Applicable Pricing Supplement. Redemption at the option of the Issuer Applicable, subject to the applicable Regulatory Capital Requirements and Condition 10.1.8 (Conditions to redemption, purchase, cancellation, modification, substitution or variation of Subordinated Capital Notes). The Optional Redemption Date is 22 January 2026. Early Redemption Amount The outstanding Nominal Amount per Note plus accrued unpaid interest (if any) Interest Commencement Date 22 October 2020 Books Close Period The Register will be closed from 13 January to 22 January, 13 April to 22 April, 13 July to 22 July and 13 October to 22 October (all dates inclusive) in each year until the Applicable Redemption Date, or 10 days prior to any Payment Day. Last Day to Register Close of business on the Business Day immediately preceding the first day of a Books Close Period Interest Payment Dates 22 January, 22 April, 22 July and 22 October with the first Interest Payment Date being 22 January 2021 Business Day Convention Following Business Day JSE Stock Code INLV06 ISIN ZAG000171943 Aggregate Nominal Amount of Notes Outstanding ZAR173,000,000 in the Series after this issuance The Pricing Supplement does not contain any additional terms and conditions or changes to the terms and conditions as contained in the Programme Memorandum. Investors should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these Notes. Date: 24 November 2020 Debt Sponsor: Investec Bank Limited abotha@investec.co.za Date: 24-11-2020 10:08:00 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.