GCR ratings affirms Investec Bank Limited’s issuer ratings with a change in outlook Investec Bank Limited Incorporated in the Republic of South Africa Registration number 1969/004763/06 JSE Share Code: IBRP1 ISIN: ZAE000242525 Issuer Code: BIINLP LEI No: 549300RH5FFHO48FXT69 GCR Ratings (GCR) affirms Investec Bank Limited’s issuer ratings with a change in outlook Shareholders and noteholders are referred to GCR’s press release on 10 July 2020 announcing the affirmation of Investec Bank Limited’s issuer ratings with a change in outlook to negative from stable. This rating action follows a reduction in the South African country and financial institutions sector risk assessments assigned by GCR. According to GCR, Investec Bank Limited’s national and international scale ratings outlooks have been placed on negative, reflecting the worsening operating environment in South Africa, leading to a broadly negative overlay on the South African financial institutions sector. The issuer ratings that have been affirmed and the outlooks that have changed are as follows: Issuer Ratings Outlook To From To From Long-term issuer rating (national) Affirmed AA(ZA) Negative Stable Short-term issuer rating (national) Affirmed A1+(ZA) - - Long-term issuer rating (international) Affirmed BB Negative Stable GCR’s press release can be accessed at: https://gcrratings.com/announcements/gcr-affirms- investec-bank-limiteds-issuer-ratings-with-negative-outlooks/ 14 July 2020 N van Wyk Company Secretary Investec Bank Limited Sponsor: Investec Bank Limited Date: 14-07-2020 03:00:00 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.