Issue of class IMRP9 credit-linked redeemable preference shares Investec Bank (Mauritius) Limited Incorporated in the Republic of Mauritius Company Registration number 8752/3362 Business Registration number C09008752 JSE Share Code: IMRP9 JSE Issuer Share Code: IVES ISIN: MU0455S00081 INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP9 CREDIT-LINKED UNSECURED REDEEMABLE CUMULATIVE NON-PARTICIPATING UNSECURED NO PAR VALUE PREFERENCE SHARES (CREDIT-LINKED REDEEMABLE PREFERENCE SHARES): IMRP9 Following the establishment of a Medium Term Note and Preference Share Programme (‘the Programme’) for the inward listing of notes or preference shares on the Johannesburg Stock Exchange, the amended and restated Programme Memorandum (“the Programme Memorandum”) dated 1 July 2019 in respect of the Programme was approved by the JSE Limited (“the JSE”) on 1 July 2019. Investors are advised that, following a successful private placement, the JSE has approved the inward listing of 1 500 Credit-Linked Redeemable Preference Shares, as Class IMRP9 with effect from Thursday 19 December 2019 (“the listing date”) in the “Preference Share” sector of the Main Board with the abbreviated name “IMRPREF9”, alpha code IMRP9 and ISIN code MU0455S00081. Salient features of the Class IMRP9 Redeemable Preference Shares are detailed below: Issuer Investec Bank (Mauritius) Limited Instrument code IMRP9 ISIN MU0455S00081 Instrument Credit-Linked Unsecured Redeemable Cumulative Non- Participating Preference Shares Aggregate Issue R60 000 000 price Issue price per share R40,000.00 Trade date 13 December 2019 Issue date 19 December 2019 Dividend rate(s) 3 month JIBAR plus the applicable Margin, provided that the Dividend Rate in relation to the period (i) from the Issue Date to 15 February 2020 shall be an interpolated rate as determined by the Calculation Agent on the Issue Date and (ii) from 15 November 2024 to 19 December 2024 shall be an interpolated rate as determined by the Calculation Agent on 15 November 2024. Dividend Issue Date commencement date Dividend payment 15 February and 15 August of each year, and the Final dates Redemption Date or any earlier date on which this Tranche of Programme Preference Shares are Redeemed, with the first Dividend Payment Date being 15 February 2020 Margin -0.06% (minus 0.06 percent) Scheduled 19 December 2024 Termination Date Business day Modified Following Business Day convention Total amount in R2,951,549,310.00 issue, after this issuance Final Redemption As determined in accordance with Condition 4.1 and 4.2 of Amount the Credit Linked Conditions Final Redemption The Final Redemption Date (as defined in the Credit Linked Date Conditions) Additional Terms and conditions/changes to the Programme Memorandum as set out in Annexure A of the Applicable Pricing Supplement. The Additional Terms/changes relate to Terms Adjustments: Issuer, Terms Adjustment: Programme Preference Shareholder, the cancellation of the payment of Preference Dividends if an Event Determination Date occurs, the disapplication of certain terms set out in the Programme Memorandum, conditions relating to early redemption of the Programme Preference Shares and the payment of unwind costs. 17 December 2019 Johannesburg Sponsor: Investec Bank Limited Date: 17-12-2019 04:30:00 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.