INVESTEC BANK LIMITED - Issue of flexible investment notes - FNIB14

Issue of flexible investment notes - FNIB14

INVESTEC BANK LIMITED

ISSUE OF FLEXIBLE INVESTMENT NOTES (SERIES 1 DIGITAL PLUS) (NOTES)
Investec Flexible Investment Notes FNIB14
Commencement Date: 08 December 2025

INVESTMENT PROFILE NO. 1: INVESTEC WORLD EQUITY MARKET DIGITAL PLUS (FNIB14)

 Reference Asset                          Basket of Indices and ETFs

                                                 i   Name                   Weighting   Closing Level

                                                 1   IShares® MSCI          10%         54.34
                                                     Emerging Markets ETF
                                                 2   The Nikkei 225 Index   15%         49864.68

                                                 3   S&P 500® Index         40%         6849.72

                                                 4   FTSE 100® Index        10%         9692.07

                                                 5   iShares Core EURO      25%         57.53
                                                     STOXX 50 UCITS ETF
                                                     (SX5EEX GT)


 Initial Valuation Date                   03 December 2025
 Final Valuation Dates                    04 June 2029
 Call/Put/Other                           Call
 Style                                    European

THE NOTES:
 Cover Ratio                              1:1
 Scheduled Redemption Date                08 December 2045
 Issue Size                               50,000
 JSE Code                                 FNIB14
 ISIN Code                                ZAE000355392


The JSE Limited ("JSE") has approved the listing of the abovementioned Notes and trading will commence on Monday, 8 December
2025. All members of the JSE may participate in trading, which will occur according to normal JSE Rules.

The Flexible Investment Notes comprise inward listed securities classified as foreign for purposes of the South African Reserve Bank
Exchange Control Regulations. Therefore, the full nominal or notional exposure in respect of these Notes must be marked off against
the Holder's foreign portfolio allowance and emigrants from the Common Monetary Area shall not be entitled to utilise "blocked Rand"
in order to subscribe for the Notes.

As the Notes have been dematerialised, settlement will be effected electronically through the Strate system of the JSE and
accordingly, certificates evidencing the Notes will not be issued to Holders.

Any captalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation.

Date: 4 December 2025

Copies of the offering circular may be obtained from:
          Investec Bank Limited
          100 Grayston Drive
          Sandown
          Sandton
          2196

Copies of Warrant issue documentation can be located on:
          Internet: www.investecwarrants.com

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

For further information kindly contact:
          Investec Financial Products
          Tel.: +27 11 286 9663
          E-mail: FPRetail@investec.co.za

Sponsor:  Investec Bank Limited
          Member of the JSE
          Registration Number: 1972/008905/07

Date: 04-12-2025 01:39:00
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