New Listing- SPIB23 INVESTEC BANK LIMITED ISSUE OF EQUITY STRUCTURED PRODUCT NOTES- SPIB23 Reference Exchange Traded Fund SATRIX TOP 40 ETF (FTSE/JSE CAPPED TOP40 Index) Strike Price 26,359.97 Listing Date: 20 July 2018 Expiry Date 04 March 2022 Cover Ratio 1:1 Call/Put Put Style European Issue Size 6,059 ISIN ZAE000260501 JSE Code SPIB23 The JSE Limited (“JSE”) has approved the listing of the abovementioned Notes and trading will commence on 20 July 2018. All members of the JSE may participate in trading, which will occur according to normal JSE Rules. 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 capitalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue documentation. Date: 20 July 2018 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 Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Sponsor: Investec Securities (Pty) Limited Member of the JSE Registration Number: 1972/008905/07 Date: 20/07/2018 04:55:00 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.