INVESTEC LIMITED - Credit Ratings Action by Fitch Ratings

Credit Ratings Action by Fitch Ratings

Investec Limited                                          Investec plc
Incorporated in the Republic of South Africa              Incorporated in England and Wales
Registration number 1925/002833/06                        Registration number 3633621
JSE share code: INL                                       LSE share code: INVP
JSE hybrid code: INPR                                     JSE share code: INP
JSE debt code: INLV                                       ISIN: GB00B17BBQ50
NSX ordinary share code: IVD                              LEI: 2138007Z3U5GWDN3MY22
BSE ordinary share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70

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


Credit Ratings Action by Fitch Ratings

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London
Stock Exchange and the JSE Limited (the "JSE") of matters which are required to be disclosed under
the Disclosure Guidance and Transparency Rules and the Listing Rules of the Financial Conduct
Authority (the "FCA") and/or the JSE Listings Requirements.

In relation to Investec Bank Limited, the JSE and the Cape Town Stock Exchange are notified of
matters which are required to be disclosed under the JSE Debt and Specialist Securities Listings
Requirements and CTSE Debt Listing Requirements.

Shareholders and noteholders are referred to the Fitch Ratings (Fitch) press release on 3 July 2026
where Fitch announced a revision to Investec Limited's and Investec Bank Limited's National Long-
Term Ratings to 'AAA(zaf)' from 'AA+(zaf)' and affirmed the National Short-Term Ratings at 'F1+(zaf)'.

The revision of the National Long-Term Ratings reflects the recalibration of Fitch's National Ratings
Correspondence Table for South Africa. The recalibration follows the recent upgrade of South Africa's
Long-Term Local-Currency Issuer Default Rating (IDR) to 'BB' from 'BB-' and the upgrade of Investec
Limited's and Investec Bank Limited's Long-Term Local-Currency IDRs to 'BB-'. The Outlook remains
Stable.

For additional information on the ratings action please see the press release by Fitch:
https://www.fitchratings.com/research/banks/fitch-revises-5-south-african-banks-national-long-term-
ratings-to-aaa-zaf-on-recalibration-03-07-2026

For all the latest Investec credit ratings, please refer to our website:
https://www.investec.com/en_za/welcome-to-investec/about-us/investor-relations/credit-ratings.html


Johannesburg
6 July 2026

N van Wyk
Company Secretary
Investec Limited


Sponsor and CTSE External Debt Issuer Agent:
Investec Bank Limited

Date: 06-07-2026 03:00:00
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