INVESTEC BANK LIMITED - Investec Bank Limited Change to board composition

Investec Bank Limited – Change to board composition

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
Interest Rate issuer Code: BIINLP
Structured product issuer code: INVP
ETN issuer code: INVSN
LEI No: 549300RH5FFHO48FXT69


INVESTEC BANK LIMITED – CHANGE TO BOARD COMPOSITION

Executive Directors

Investec announces, in accordance with Section 6.39 of the JSE Debt Listings Requirements and
receipt of requisite regulatory approvals, the following changes to the Board of Investec Bank Limited:

The Investec Bank Limited Board (the Board) has commenced with the next stage of its approved
executive succession plan. We have previously announced that Richard Wainwright will step down from
his current role of Chief Executive Officer (CEO) of Investec Bank Limited (IBL) during the course of
2024 and confirmed that a further announcement would be made once Richard’s successor has been
identified.

The Board has identified Cumesh Moodliar as the next CEO of IBL. Cumesh will be appointed as CEO
of IBL on 01 April 2024. Richard will at that time remain an executive of Investec Limited until his
planned retirement in 2025.

Cumesh has been with Investec since 2012 in a number of roles including Regional Head of the Private
Bank in the Eastern Cape, National Banking Head, Head of the Private Bank and more recently the
Head of the Private Client Franchise.

The Board wishes Cumesh well as he transitions into his new role.

The appointment of Cumesh was made pursuant to the policy dealing with the nomination of directors
to the Board.


Johannesburg and London
21 August 2023

Sponsor:
Investec Bank Limited

Date: 21-08-2023 08:50:00
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