INVESTEC BANK MAURITIUS LIMITED - New financial instrument - IMRP11

New financial instrument - IMRP11

Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP11
JSE Issuer Share Code: IVES
ISIN: MU0455S00107
LEI Number: 213800VEN92NOOOJF520


INVESTEC BANK (MAURITIUS) LIMITED: ISSUE OF CLASS IMRP11 CREDIT-LINKED
UNSECURED REDEEMABLE CUMULATIVE NON-PARTICIPATING NO PAR VALUE
PREFERENCE SHARES (CREDIT-LINKED REDEEMABLE PREFERENCE SHARES):
IMRP11

Following the establishment of a Medium Term Note and Preference Share Programme
("the Programme") for the inward listing of notes or preference shares on the Johannesburg
Stock Exchange, the amended and restated Programme Memorandum ("the Programme
Memorandum") dated 1 July 2019 in respect of the Programme was approved by the JSE
Limited ("the JSE") on 1 July 2019.

Investors are advised that, following a successful private placement, the JSE has approved
the inward listing of 7,500 Credit-Linked Redeemable Preference Shares, as Class IMRP11
with effect from Thursday, 26 October 2023 ("the listing date") in the "Preference Share"
sector of the Main Board with the abbreviated name "IMRPREF11", alpha code IMRP11 and
ISIN code MU0455S00107.

Salient features of the Class IMRP11 Redeemable Preference Shares are detailed
below:

Issuer                        Investec Bank (Mauritius) Limited

Instrument code               IMRP11

ISIN                          MU0455S00107

Instrument                    Credit-Linked Unsecured Redeemable Cumulative Non-
                              Participating Preference Shares
Aggregate Issue               R300 000 000
                             
price
Issue price per share         R40,000.00
Issue date                    26 October 2023
Dividend rate(s)              ZAR-JIBAR-SAFEX with a Designated Maturity of 3 (three)
                              months plus the applicable Margin
Dividend                      Issue Date
commencement date

Dividend payment              26 January, 26 April, 26 July and 26 October of each year,
dates                         and the Final Redemption Date or any earlier date on which
                              this Tranche of Programme Preference Shares are
                              Redeemed, with the first Dividend Payment Date being
                              26 January 2024.

Margin                        -0.0728% (minus zero point zero seven two eight percent)

Scheduled                     20 December 2028
Termination Date

Business day                  Following Business Day
convention

Total amount in               R3,402,418,112.46
issue, after this
issuance

Final Redemption              As determined in accordance with Condition 4.1 and 4.2 of
Amount                        the Credit Linked Conditions

Final Redemption              The Final Redemption Date (as defined in the Credit Linked
Date                          Conditions)

Additional Terms              as set out in Annexure A of the Applicable Pricing
and                           Supplement. The Additional Terms/changes relate to
conditions/changes            Terms Adjustments: Issuer, Terms Adjustment:
to the Programme              Programme Preference Shareholder, the cancellation of
Memorandum                    the payment of Preference Dividends if an Event
                              Determination Date occurs, the disapplication of certain
                              terms set out in the Programme Memorandum, conditions
                              relating to early redemption of the Programme Preference
                              Shares and the payment of unwind costs.




25 October 2023
Johannesburg

Sponsor:
Investec Bank Limited

Date: 25-10-2023 05:15:00
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