Investec Bank Limited: Fitch Ratings upgrades National Ratings Investec Bank Limited Incorporated in the Republic of South Africa Registration number 1969/004763/06 Codes: INVS, BIINLP, INVD, INVP, INVSN, INLPH Investec Bank Limited: Fitch Ratings upgrades National Ratings Shareholders and noteholders are referred to the Fitch Ratings (Fitch) press release on 22 December 2020 where Fitch announced an upgrade to five South African banks' National Long-Term Ratings, including Investec Bank Limited, to 'AA+(zaf)' from 'AA(zaf)'. Simultaneously, Fitch has revised the Outlook on the National Long-Term Ratings to Stable (from Negative). This follows Fitch’s downgrade of South Africa’s sovereign rating to ‘BB-/Negative' from 'BB/Negative' on 20 November 2020 and the recalibration of the agency’s South African National Ratings scale. National scale ratings are a risk ranking of issuers in a particular market designed to help local investors differentiate risk. The specific rating changes for Investec Bank Limited are as follows: To From National long-term rating AA+(zaf) AA(zaf) Subordinated National long-term rating AA-(zaf) A+(zaf) Fitch’s press release can be accessed on: www.fitchratings.com. 23 December 2020 N van Wyk Company Secretary Investec Bank Limited Sponsor: Investec Bank Limited Date: 23-12-2020 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.