INVESTEC BANK LIMITED - Update announcement - Notification of a credit event

Update announcement - Notification of a 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

Notification of:

1)     Cash Settlement Amount payable under IVC300, IVC303, IVC306 and IVC312 Notes; and
2)     Amendment and Restatement of the Applicable Pricing Supplements in respect of the
       IVC300, IVC303, IVC304, IVC306, IVC307 and IVC312 Notes

Noteholders of the IVC300, IVC303, IVC304, IVC306, IVC307 and IVC312 Notes (collectively the
"Relevant Notes" and each a "Relevant Note") are referred to the SENS announcement released by
Investec Bank Limited ("Investec") on 12 December 2024 ("First SENS Announcement") and the
updated SENS announcement released by Investec in respect of the IVC300, IVC303 and IVC306
Notes on 17 December 2024, whereby Investec notified the Noteholders of a Credit Event that
occurred in respect of one of the constituent Reference Entities under the iTraxx Crossover Index
Series 41 (Bloomberg: ITRX XOVER CDSI S41 5Y Corp), known as Intrum AB (the "Relevant
Reference Entity").

As confirmed in the First SENS announcement, the first 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 first Credit Event Determination Date (as defined therein) has occurred.

The Calculation Agent has determined the following in relation to the IVC300, IVC303, IVC306 and
IVC312 Notes –

IVC300
•  Reference Entity Notional Amount: ZAR666,666.67
•  The Final Price: ZAR506,666.67
•  Unwind Costs: ZAR0.00
•  Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR506,666.67

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: ZAR1,013,333.33
•  Unwind Costs: ZAR0.00
•  Cash Settlement Amount in relation to the Relevant Reference Entity: ZAR1,013,333.33

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

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

19 March 2025

Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli

Date: 19-03-2025 07:05:00
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