INVESTEC BANK LIMITED - Issue of commodity linked notes IBLIAG

Issue of commodity linked notes – IBLIAG

INVESTEC BANK LIMITED

ISSUE OF COMMODITY LINKED NOTES – IBLIAG
Commencement Date: 4 August 2026

 Underlying Asset                   Gold-LBMA Price A.M
 Expiry Date                        6 August 2029
 Participation                      150%
 Style                              Other (OT)
 Issue Size                         80,000
 Issue price (ZAR cents)            100,000
 JSE Code                           IBLIAG
 ISIN Code                          ZAE000367272


The JSE Limited ("JSE") has approved the listing of the abovementioned Notes and trading will commence on
Wednesday, 4 August 2026. All members of the JSE may participate in trading, which will occur according to normal
JSE Rules.

The Notes comprise inward listed securities classified as foreign for purposes of the South African Reserve Bank
Exchange Control Regulations. Therefore the full nominal or notional exposure in respect of these Notes must be marked
off against the Holder's foreign portfolio allowance and emigrants from the Common Monetary Area shall not be entitled
to utilise "blocked Rand" in order to subscribe for the Notes.

As the Notes have been dematerialised, settlement will be effected electronically through the Strate system of the JSE
and accordingly, certificates evidencing the Notes will not be issued to Holders.

Any captalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue
documentation.

Subject to no Market Adjustment Event, the Cash Settlement Amount per Note shall be determined as the amount
calculated according to the formula detailed in the applicable pricing supplement on the Final Valuation Date being 20
July 2029.

The Notes will be automatically exercised on the Maturity Date, subject to no occurrence of Market Adjustment Events
with the following salient details provided for illustrative purposes:

Investment Return Amount per Note                                                     To be announced in due course
Finalisation date (date to announce Investment
Return Amount)                                                                                  Monday, 23 July 2029
LDT                                                                                            Tuesday, 31 July 2029
Suspension date                                                                             Wednesday, 1 August 2029
Record date                                                                                    Friday, 3 August 2029
Payment/Redemption date                                                                        Monday, 6 August 2029
Termination date                                                                              Tuesday, 7 August 2029

The above information is in no way an indication that the conditions for Exercise are or will be fulfilled on the
Final Valuation Dates. The Issuer will publish the declaration data in accordance with paragraph 6.104 of the
JSE Debt and Specialist Securities Listings Requirements and the revised Schedule 2 Form H corporate action
timelines to the extent that an Exercise event is likely to or will occur or if not, then the declaration data will be
published on the immediate following business day succeeding a valuation date.



Date: 3 August 2026


Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive
        Sandown
        Sandton
        2196

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

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

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

Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1972/008905/07

Date: 03-08-2026 05:01:00
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