INVESTEC LIMITED - Issue of IFL004 subordinated unsecured FLAC notes (IFL004 notes)

Issue of IFL004 subordinated unsecured FLAC notes (“IFL004 notes”)

Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70

ISSUE OF IFL004 SUBORDINATED UNSECURED FLAC NOTES (“IFL004 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of ZAR630,000,000
(six hundred and thirty million Rand) subordinated unsecured Flac Notes (stock code
IFL004), under Investec Limited’s Domestic Medium Term Note and Preference Share
Programme dated 16 April 2026.

The IFL004 Notes will be issued to Noteholders on the date of listing being
03 September 2026 with effect from commencement of trade.

Salient features of the IFL004 Notes are listed below:

Issuer                                                   Investec Limited
Instrument                                               Subordinated unsecured Flac Notes
Issue Date                                               03 September 2026
Nominal Amount per Note                                  R1,000,000
Aggregate Nominal Amount of Tranche                      R630,000,000
Interest Rate                                            The Reference Rate plus the Margin
Reference Rate                                           ZARONIA
Margin                                                   0.99%
Interest Rate Determination Date                         the 5th (fifth) Johannesburg
                                                         Business Day prior to each Interest
                                                         Payment Date
Maturity Date                                            03 September 2031
Issue price per Note                                     100%
Final Redemption Amount per Note                         The aggregate outstanding Nominal
                                                         Amount (plus accrued interest, if
                                                         any, to the Maturity Date)
Redemption at the option of the Issuer                   Applicable
Optional Redemption Date(s)                              03 September 2030 and each
                                                         Interest Payment Date thereafter
Early Redemption Amount                                  The outstanding Nominal Amount
                                                         per Note plus accrued unpaid
                                                         interest (if any)
Interest Commencement Date                               03 September 2026
Books Close Day(s)                                       Not applicable
Last Day to Register                                     The day before any Payment Date
                                                         and if such day is not a Business
                                                         Day, then the Business Day
                                                         preceding the Payment Date
Interest Payment Dates                                   03 December, 03 March, 03 June
                                                         and 03 September in each year,
                                                         with the first Interest Payment Date
                                                         being 03 December 2026
Business Day Convention                                  Modified Following Business Day
JSE Stock Code                                           IFL004
ISIN                                                     ZAG000227968
Aggregate Nominal Amount of Notes Outstanding            ZAR16,716,000,000 excluding this
and aggregate Calculation Amount of Programme            Tranche of Notes but including all
Preference Shares as at the Issue Date                   other Notes and Programme
                                                         Preference Shares issued on the
                                                         Issue Date.
The Applicable Pricing Supplement has additional         Not applicable
terms and conditions or changes to the terms and
conditions as contained in the Programme
Memorandum.

Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes which can be
viewed or downloaded on the Issuer's website:
www.investec.com.

Date: 02 September 2026
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za
Date: 02/09/2026 04:32:00
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