INVESTEC BANK LIMITED - Structured investment profile substitution

Structured investment profile substitution

STRUCTURED INVESTMENT PROFILE SUBSTITUTION AND PARTIAL REDEMPTION NOTICE
FOR FLEXIBLE INVESTMENT NOTE [FNIB19]

Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
LEI No: 549300RH5FFHO48FXT69

Underlying Asset               Euro Stoxx Select Dividend 30 Index
Issue Size                     800 000
JSE Code                       FNIB19
ISIN Code                      ZAE000348124

We refer to the terms and conditions of the Flexible Investment Notes, as set out in the Programme
Memorandum and the Pricing Supplement governing the Notes. Unless the context indicates
otherwise capitalised terms defined therein shall bear the same meanings herein.

The Holders of the Flexible Investment Notes FNIB19 (Notes) are hereby notified that a potential
Exercise in respect of the current Structured Investment Profile (Investment Profile No. 1) may occur if
the Reference Level of the Reference Asset (being the Euro Stoxx Select Dividend 30 Index) is
greater than or equal to the Initial Index Level on 29 May 2026 (potential Exercise Date).

If the Exercise occurs on the aforesaid potential Exercise Date, the Investment Return in respect of
Investment Profile No.1 is anticipated to be 17%, with the following salient details:

 Investment Return Amount per Note                                          R1,170.00
 Last Date to Trade                                                         Tuesday, May 19, 2026
 Ex-Date                                                                    Wednesday, May 20, 2026
 Election Closing Date                                                      Friday, May 22, 2026
 Record Date                                                                Friday, May 22, 2026
 Valuation Date                                                             Friday, May 29, 2026
 Update announcement including the cash settlement rate                     Monday, June 1, 2026
 Reset Date                                                                 Tuesday, June 2, 2026
 Cash Settlement Date (Non-Accepting Holders only)                          Friday, June 5, 2026


In accordance with the terms and conditions of the Notes, the Issuer hereby elects to substitute
Investment Profile No.1 with a Subsequent Structured Investment Profile based on the salient details
set out below (Investment Profile No.2) (i) which will substitute and replace Investment Profile No.1
on the above mentioned Reset Date if the Exercise occurs on the potential Exercise Date, and (ii)
which will apply to calculate the Investment Return for the Subsequent Calculation Period for
Investment Profile No.2.

Holders of the Notes are entitled to remain invested in the Notes for the Subsequent Calculation
Period that may commence on the Reset Date identified above (if the Exercise occurs on the
abovementioned potential Exercise Date), by confirming their acceptance of Investment Profile No.2
by the Election Closing Date set-out below. Such Holders will not be redeemed on the Early
Redemption Date corresponding with the abovementioned Reset Date.

Any Holder who does not, by the Election Closing Date, confirm acceptance of Investment Profile No.
2 in respect of some or all of the Notes held by that Holder (Non-Accepting Holder) will be deemed
not to have accepted Investment Profile No.2 in respect of those Notes, and (i) if the Exercise of the
Notes occurs on the abovementioned potential Exercise Date, (ii) those Notes will be redeemed on
the Early Redemption Date corresponding with the abovementioned Reset Date, and (iii) the Cash
Settlement Amount per Note, in an amount equal to the abovementioned Investment Return Amount
per Note, will be paid to the Non-Accepting Holders on the Cash Settlement Date identified above.
The Holder may (either directly or through its authorised representative) make the election by
selecting one of the below options.

Holders should contact their investment manager should they wish to remain invested for some, but
not all of their Notes, or should they wish to subscribe for additional Notes for the Subsequent
Structured Investment Profile at the FIN Price, which would be equal to the anticipated Investment
Return Amount set out above if the Notes Exercise on the abovementioned potential Exercise Date.

Notwithstanding any of the above, should Investment Profile No.1 not Exercise on the potential
Exercise Date identified above the Investment Profile No. 1 will continue until the next potential
Exercise Date and Investment Profile No.2 will not apply, or should the JSE not approve Investment
Profile No.2, then the Investment Profile No.2 will not be available as a Subsequent Structured
Investment Profile for the Note.

Terms of Investment Profile No. 2

 Investment Profile No.2                         Autocall

 Exchange                                        Johannesburg Stock Exchange (JSE)

 Listing Code                                    FNIB19
                                                 Equal to Investment Return Amount per Note for
 Notional per Note
                                                 Investment Profile No 1 being R1,170.00
 Currency                                        Rand

 Reference Asset                                 Euro Stoxx Select 30 Dividend Index

 Investment Return on Notional                   15.50%* per annum
                                                 Maximum 5 years, but may be subject to early
 Calculation Period                              Exercise at the end of years 1, 2 , 3 or 4 if the Index
                                                 Level is flat or positive on any Valuation Date
                                                 100% of the Nominal allocated to Investment Profile
 Barrier                                         No.1 in Rand provided the Final Index Level is not
                                                 below 30% of the Initial Index Level.
                                                 Reference Level on the Initial Valuation Date (Trade
 Initial Index Level
                                                 Date)
 Final Index Level                               Reference Level on the Final Valuation Date (5 years)
  Commencement of Investment Profile
                                                 2 June 2026
  No.2
*Indicative – the final level will be set on the trade date

   Option 1                             Option 2                             Default
   Accept Investment Profile No.2       Pay-out the Cash Settlement          Pay-out the Cash Settlement
   which will be applicable for the     Amount                               Amount
   Subsequent Calculation Period.
  


Date: 4 May 2026

  Copies of the offering circular may be obtained from:     For further information kindly contact:
  Investec Bank Limited                                              Investec Financial Products
  100 Grayston Drive                                                 Tel.: +27 11 286 9663
  Sandown                                                            E-mail: FPRetail@investec.co.za
  Sandton
  2196

Copies of Warrant issue documentation can be           Sponsor:
located on:                                                    Investec Bank Limited
         Internet: www.investecwarrants.com                    Member of the JSE
                                                               Registration Number: 1969/004763/06



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

Date: 04-05-2026 09:50:00
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