INVESTEC LIMITED - Issue of IFL003 subordinated unsecured FLAC notes

Issue of IFL003 subordinated unsecured FLAC notes

Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70

ISSUE OF IFL003 SUBORDINATED UNSECURED FLAC NOTES ("IFL003 NOTES")

Application has been made to the JSE Limited ("JSE") for the listing of ZAR800,000,000
(eight hundred million Rand) subordinated unsecured Flac Notes (stock code IFL003), under
Investec Limited's Domestic Medium Term Note and Preference Share Programme dated
16 April 2026.

The IFL003 Notes will be issued to Noteholders on the date of listing being
19 June 2026 with effect from commencement of trade.

Salient features of the IFL003 Notes are listed below:

Issuer                                                   Investec Limited

Instrument                                               Subordinated unsecured Flac Notes

Issue Date                                               19 June 2026

Nominal Amount per Note                                  R1,000,000

Aggregate Nominal Amount of Tranche                      R800,000,000

Interest Rate                                            The Reference Rate plus the Margin

Reference Rate                                           ZARONIA

Margin                                                   0.99%

Interest Rate Determination Date                         the 5th (fifth) Johannesburg
                                                         Business Day prior to each Interest
                                                         Payment Date

Maturity Date                                            19 June 2031

Issue price per Note                                     100%

Final Redemption Amount per Note                         The aggregate outstanding Nominal
                                                         Amount (plus accrued interest, if
                                                         any, to the Maturity Date)

Redemption at the option of the Issuer                   Applicable

Optional Redemption Date(s)                              19 June 2030 and each Interest
                                                         Payment Date thereafter

Early Redemption Amount                                  The outstanding Nominal Amount
                                                         per Note plus accrued unpaid
                                                         interest (if any)

Interest Commencement Date                               19 June 2026

Books Close Day(s)                                       Not applicable
    
Last Day to Register                                     The day before any Payment Date
                                                         and if such day is not a Business
                                                         Day, then the Business Day
                                                         preceding the Payment Date

Interest Payment Dates                                   19 March, 19 June, 19 September
                                                         and 19 December in each year, with
                                                         the first Interest Payment Date
                                                         being 19 September 2026

Business Day Convention                                  Modified Following Business Day

JSE Stock Code                                           IFL003

ISIN                                                     ZAG000225905

Aggregate Nominal Amount of Notes Outstanding            ZAR15,077,000,000.00 excluding
and aggregate Calculation Amount of Programme            this Tranche of Notes but including
Preference Shares as at the Issue Date                   all other Notes and Programme
                                                         Preference Shares issued on the
                                                         Issue Date.

The Applicable Pricing Supplement has additional         Not applicable
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 which can be
viewed or downloaded on the Issuer's website:
www.investec.com.

Date: 18 June 2026
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za

Date: 18-06-2026 03:10:00
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