INVESTEC BANK LIMITED - Issue of structured product notes (notes) IBLIZH

Issue of structured product notes (notes) – IBLIZH

INVESTEC BANK LIMITED

ISSUE OF STRUCTURED PRUDUCT NOTES (NOTES) – IBLIZH
Investec Structured Product Notes Commencement Date: 30 September 2026

 Index                               Basket of Shares
 Shares                              Prosus NV (JSE: PRX)
                                     Tencent Holdings Limited (Hong Kong:
                                     700HK)

 Strike Price                        ZAR1,000

 Expiry Date                         16 September 2027

 Cover Ratio                         1:1

 Call/Put/Other                      Call

 Style                               European

 Issue Size                          1,000,000

 JSE Code                            IBLIZH

 ISIN Code                           ZAE000370573

The JSE Limited (“JSE”) approved the listing of the abovementioned Notes and trading will commence on Wednesday,
30 September 2026. All members of the JSE may participate in trading, which will occur according to normal JSE
Rules.

With reference to approval received from the South African Reserve Bank, restating and confirming that the Notes
have now been reclassified as domestic securities, and the exposure in respect of these Notes does not need to be
marked off against the Holder’s foreign portfolio allowance anymore and emigrants from the Common Monetary Area
shall be entitled to utilise “blocked Rand” in order to subscribe for the Notes.

As the Notes have been dematerialised, settlement will be effected electronically through the Strate system of the JSE
and accordingly, certificates evidencing the Notes will not be issued to Holders.

Any captalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue
documentation.

Subject to no Potential Adjustment Event, Other Event and/or Market Adjustment Event occurring, the Cash Settlement
Amount shall be determined as the amount calculated according to the formula detailed in the applicable pricing
supplement on the Exercise Date.

The Notes will be automatically exercised on the Exercise Date, provided that no Potential Adjustment Event, Other
Event and/or Market Adjustment Event has occurred prior to the Exercise Date, with the following salient details provided
for illustrative purposes:

  Investment Return Amount per Note                        To be announced before 8am on Thursday, 16 September 2027
  Exercise Date                                                                          Thursday, 16 September 2027
  LDT                                                                                    Thursday, 16 September 2027
  Suspension date                                                                          Friday, 17 September 2027
  Record date                                                                             Tuesday, 21 September 2027
  Payment/Redemption date                                                               Wednesday, 22 September 2027
  Termination date                                                                       Thursday, 23 September 2027

The above information is in no way an indication that the conditions for Exercise are or will be fulfilled on the
Exercise Date. The Issuer will publish the declaration data in accordance with paragraph 6.104 of the JSE Debt
and Specialist Securities Listings Requirements and the revised Schedule 2 Form H corporate action timelines
to the extent that an Exercise event is likely to or will occur or if not, then the declaration data will be published
on or about the Exercise Date.


Date: 29 September 2026
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 Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06
Date: 29/09/2026 11:15:00
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