INVESTEC BANK LIMITED - Notification of adjustment event FNIB08

Notification of adjustment event – FNIB08

INVESTEC BANK LIMITED
(Incorporated in the republic of South Africa)
(registration number: 1969/004763/06)

NOTIFICATION OF ADJUSTMENT EVENT – FNIB08

 Expiry Date                          30 September 2044
 Reset Date                           29 September 2027
 Cover Ratio                          1:1
 Call/Put/Other                       Call
 Style                                Bermudan
 Issue Size                           100,000
 JSE Code                             FNIB08
 ISIN Code                            ZAE000339982

On 15 September 2025, OUTsurance Group Limited declared a special dividend of 33.1 cents per ordinary share,
subject to South African Reserve Bank approval. Furthermore, on 2 October 2025, shareholders were advised that
South African Reserve Bank approval has been obtained and that the salient dates in respect of the special dividend
remain unchanged.

The salient dates in respect of the special dividend is as follows:

- Finalisation date for the special dividend will be Tuesday, 7 October 2025.
- Last day to trade in order to participate in this dividend will be Tuesday, 14 October 2025.
- Shares commence trading ex-dividend on Wednesday, 15 October 2025.
- The record date for the dividend payment will be Friday, 17 October 2025.
- Dividend payment date will be on Monday, 20 October 2025.


Treatment:
Note holders are advised that the Initial Share Price for OUTsurance Group Ltd will be adjusted to account for the
abovementioned special dividend. The Adjusted Initial Share Price for OUTsurance Group Ltd is determined by Investec
Bank Ltd in their capacity as calculating agent.

Calculation:
                                                                                       Cents              Calculation
         Closing Price on 14 October 2025                                              7,475                        A
         Regular Dividend                                                                149                        B
         Special Dividend                                                                 33                        C
         Closing Price after Regular Dividend                                          7,326                     (A-B)
         Closing Price less Regular Dividend and Special Dividend                      7,293                   (A-B-C)
         Adjustment Factor                                                          0.995482           (A-B-C) / (A-B)
         Initial Share Price Prior to Adjustment                                       5,806                        D
         Adjusted Initial Share Price                                                  5,779    D x Adjustment Factor

Effective date:
The ZAR adjustment amount shall be applied to each FNIB08 note, effective 20 October 2025.



Date: 16 October 2025


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

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

Sponsor:
         Investec Bank Limited

Date: 16-10-2025 02:29:00
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