INVESTEC BANK LIMITED - Automatic exercise of BATIIK

Automatic exercise of BATIIK

INVESTEC BANK LIMITED

 Underlying Asset                          British American Tobacco PLC (London)
 Initial Asset Price                       3,270.4788
 Expiry Date                               15 November 2027
 Cover Ratio                               1:1
 Call/Put/Other                            Call
 Style                                     Bermudan
 Issue Size                                200,000
 JSE Code                                  BATIIK
 ISIN Code                                 ZAE000316428

AUTOMATIC EXERCISE OF BATIIK AUTOCALL NOTES (AUTOCALLS) ON 14 November 2025

As announced on 31 October 2025, Investec Bank Limited, as Issuers of the above Autocall Notes ("Autocalls"), hereby notifies Holders
of the automatic Exercise on 14 November 2025 (see the related securities above).

On 14 November 2025 (the Valuation Date and Exercise Date), the conditions for Exercise were met, therefore the Autocalls were
Exercised and expired on 14 November 2025. The Holders are entitled to a Cash Settlement Amount determined as follows:


  Condition for Exercise                                Closing level of the Index on 14 November 2025 is greater than the
                                                        underlying asset Level

  Date of announcement of whether the Condition         Monday, 17 November 2025, by 11:00 AM
  for Exercise has been met
  
  Cash settlement amount                                R 1,727.50

  Last date to trade                                    Monday, 17 November 2025

  Suspension date                                       Tuesday, 18 November 2025

  Record date                                           Thursday, 20 November 2025

  Payment/Redemption date                               Friday, 21 November 2025

  Termination date                                      Monday, 24 November 2025



Date: 17 November 2025


  Copies of Warrant issue documentation can be located on:            Place and Date of Incorporation of the Issuer:
          Internet: www.investecwarrants.com                                  Incorporated in the Republic of South Africa
                                                                              Registration Number: 1969/004763/06
                                                                              Date of Incorporation: 31 March 1969

  For further information kindly contact:                             Sponsor:
           Investec Financial Products                                        Investec Bank Limited
           Tel.: +27 11 286 9663                                              Member of the JSE
           E-mail: FPRetail@investec.co.za                                    Registration Number: 1969/004763/06

Date: 17-11-2025 09:57:00
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.