INVESTEC BANK LIMITED - Cash Settlement Amount payable and notification of second Credit Event

Cash Settlement Amount payable and notification of second Credit Event

    Investec Bank Limited
    (Incorporated in the Republic of South Africa)
    (Registration Number: 1969/004763/06)
    Issuer code: BIINLP
    LEI No: 549300RH5FFHO48FXT69
    IVC300 ZAG000206848
    IVC303 ZAG000207549
    IVC304 ZAG000207713
    IVC306 ZAG000207911
    IVC307 ZAG000207929
    IVC312 ZAG000209651
    IVC335 ZAG000214644
    IVC337 ZAG000214848
    IVC338 ZAG000214909
    IVC340 ZAG000214826
    IVC342 ZAG000214974

Notification of:

1)     Cash Settlement Amount payable under IVC300, IVC303, IVC306 and IVC312, IVC335,
       IVC337, IVC338, IVC340 and IVC342 Notes; and
2)     Amendment and Restatement of the Appicable Pricing Supplements in respect of the
       IVC300, IVC303, IVC304, IVC306, IVC307, IVC312 IVC335, IVC337, IVC338, IVC340 and
       IVC342 Notes

Noteholders of the IVC300, IVC303, IVC304, IVC306, IVC307 and IVC312, IVC335, IVC337, IVC338,
IVC340 and IVC342 Notes (collectively the "Relevant Notes" and each a "Relevant Note") are
referred to the SENS announcement released by Investec Bank Limited ("Investec") on 27 June 2025
("First SENS Announcement"), whereby Investec notified the Noteholders of a Credit Event that
occurred in respect of one of the constituent Reference Entities under each of the iTraxx Crossover
Index Series 41 (Bloomberg: ITRX XOVER CDSI S41 5Y Corp) iTraxx Crossover Series 42
(Bloomberg: ITRX XOVER CDSI S42 5Y Corp) and iTraxx Crossover Index Series 43 (Bloomberg:
ITRX XOVER CDSI S43 5Y Corp), known as Altice France SA (the "Relevant Reference Entity").

As confirmed in the First SENS announcement, the second Credit Event has occurred in respect of
the IVC304 and IVC307 Notes however, the attachment point has not yet been reached. The
Applicable Pricing Supplements executed in respect of the IVC304 and IVC307 Notes will be
amended to reflect that the second Credit Event Determination Date (as defined therein) has occurred.

The Calculation Agent has determined the following in relation to the IVC300, IVC303, IVC306,
IVC312, IVC335, IVC337, IVC338, IVC340 and IVC342 Notes –

IVC300

•      Reference Entity Notional Amount: ZAR666,666.67
•      The Final Price: ZAR585,000.00
•      Unwind Costs: ZAR0.00
•      Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR585,000.00

IVC303

•      Reference Entity Notional Amount: ZAR1,333,333.33
•      The Final Price which is fixed at zero
•      Unwind Costs: ZAR0.00
•      Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR0.00
IVC306

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price which is fixed at zero
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR0.00

IVC312

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price which is fixed at zero
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR0.00

IVC335

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price which is fixed at zero
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR1,013,333.33

IVC337

•   Reference Entity Notional Amount: ZAR533,333.33
•   The Final Price which is fixed at zero
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR0.00

IVC338

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price: ZAR1170,000.00
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR1,013,333.33

IVC340

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price which is fixed at zero
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR1,170,000.00

IVC342

•   Reference Entity Notional Amount: ZAR1,333,333.33
•   The Final Price: ZAR1,170,000.00
•   Unwind Costs: ZAR0.00
•   Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR1,170,000.00

The aforementioned Cash Settlement Amounts will, to the extent required in accordance with the
terms and conditions applicable to each of the aforementioned Notes, be paid as part of or reduce
the Final Redemption Amount (as the case may be) on the Scheduled Maturity Date of each Relevant
Note.
The Applicable Pricing Supplement executed in respect of the IVC300, IVC303, IVC306 and IVC312
Notes will be amended and restated to reflect the terms of the Notes following the occurrence of the
Credit Event.

The amended pricing supplements will be available at https://www.investec.com/en_za/investec-for-
institutions/fixed-income/structured-sales/pricing-supplements.html

16 September 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli

Date: 16-09-2025 03:40:00
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