To view the PDF file, sign up for a MySharenet subscription.

INVESTEC BANK LIMITED - Structured investment profile substitution and partial redemption notice for flexible investment note - FNIB23

Release Date: 05/10/2026 11:50
Code(s): FNIB23     PDF:  
Wrap Text
Structured investment profile substitution and partial redemption notice for flexible investment note - FNIB23

STRUCTURED INVESTMENT PROFILE SUBSTITUTION AND PARTIAL REDEMPTION NOTICE FOR FLEXIBLE INVESTMENT NOTE [FNIB23]

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

Underlying Asset               Stoxx Global Select Dividend 100
Issue Size                     60 000
JSE Code                       FNIB23
ISIN Code                      ZAE000354627

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 FNIB23 (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 Stoxx Global Select Dividend 100) is greater
than or equal to the Initial Index Level on 03 November 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 14%, with the following salient details:

 Investment Return Amount per Note                                     R1,140.00
 Last Date to Trade                                                    Monday, 26 October, 2026
 Ex-Date                                                               Tuesday, 27 October, 2026
 Election Closing Date                                                 Thursday, 29 October, 2026
 Record Date                                                           Thursday, 29 October, 2026
 Valuation Date                                                        Tuesday, 3 November, 2026
 Update announcement including the cash settlement rate                Wednesday, 4 November, 2026
 Reset Date                                                            Thursday, 5 November, 2026
 Cash Settlement Date (Non-Accepting Holders only)                     Tuesday, 10 November, 2026
The payment to Non-Accepting Holders will be processed via the secondary market and not through a
corporate action.

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                                    FNIB23-B
                                                 Equal to Investment Return Amount per Note for
 Notional per Note
                                                 Investment Profile No 1 being R1,140.00
 Currency                                        Rand

 Reference Asset                                 Stoxx Global Select Dividend 100 Index

 Investment Return on Notional                   14.00%* 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
                                                 5 November 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: 5 October 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 Structured Products issue documentation      Sponsor:
can be located on:                                             Investec Bank Limited
                        Internet:                              Member of the JSE
    https://www.investec.com/en_za/intermediary-               Registration Number: 1969/004763/06
          investing/pricing-supplements.html

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: 05/10/2026 11:50:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.