NOTICE OF THE AGM OF INVESTEC BANK LIMITED; ISSUE OF THE INVESTEC BANK LIMITED'S 2021 ANNUAL REPORT INVESTEC BANK LIMITED CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING Investec Bank Limited Incorporated in the Republic of South Africa Registration number: 1969/004763/06 Warrant issuer code: INVS Interest rate issuer code: BIINLP Debt issuer code: INVD Structured product issuer code: INVP ETN issuer code: INVSN Hybrid issuer code: INLPH LEI No.: 549300RH5FFHO48FXT69 NOTICE OF THE ANNUAL GENERAL MEETING OF INVESTEC BANK LIMITED; ISSUE OF THE INVESTEC BANK LIMITED'S 2021 ANNUAL REPORT AND CHANGE STATEMENT i. The Annual General Meeting of Investec Bank Limited will be held electronically at 11.00am (SA time) on Thursday, 05 August 2021. The guide to joining the electronic Annual General Meeting of Investec Bank Limited may be found in the Notice of the Annual General Meeting. ii. The record date in order to be eligible to vote at the Annual General Meeting is Friday, 30 July 2021 and accordingly the last day to trade is Tuesday, 27 July 2021. iii. Shareholders are advised that the Investec Bank Limited ("the bank") integrated annual report, incorporating the audited annual financial statements for the year ended 31 March 2021 and notice of annual general meeting ("AGM") was distributed to shareholders today, 30 June 2021. iv. The audited annual financial statements, on which the bank's auditors expressed an unmodified audit opinion, contain the following changes to the provisional consolidated results for the year ended 31 March 2021 released on SENS on Friday, 21 May 2021: The bank has an interest in a material associate and included in the provisional consolidated results the bank's share of profit attributable to ordinary shareholders and movements in other comprehensive income that was equity accounted for the year. The bank received the audited results of the material associate that was completed and signed on 2 June 2021, post 21 May 2021 and upon inspection of the statement of changes in equity of the associate identified a direct reduction of ordinary equity of R864 million. The reduction related to the accounting for acquisitions and disposals of certain subsidiary entities' equity shares to and from non-controlling shareholders at agreed values. As a result, the excess purchase consideration above consolidated net asset values of the related subsidiaries is recognised as a direct debit against equity. As a result of these transactions, the bank accounted for its share in the reduction in equity by reducing the value of the "Interests in associated undertakings" line in the combined consolidated balance sheet and by reducing equity, directly in the combined consolidated statement of changes in equity, by R409 million. The adjustment had no impact on the combined consolidated income statement, the combined consolidated statement of total comprehensive income, basic earnings per share and headline earnings per share. The adjustment was accounted for as an adjusting post balance sheet event. The impact of this adjustment is detailed in the balance sheet that follows. v. The unqualified Audit Reports by Ernst and Young Inc and KPMG Inc are available for inspection at the registered offices of Investec Bank Limited until the Annual General Meeting has commenced. A copy of the following documents can be viewed on Investec's website at http://hybrid-web.global.blackspider.com/urlwrap/?q=AXicE3RkcNrPwLD8IgNDUU6loXGxXnFRmV5uYmZOcn5eSVF-jl5yfi6DoWmoWUFusL-hgaWRkTFDSWpSfkZ-iUNWcSpQWq8qkSGjpKTASl-_vLxcLzOvLLW4JDUZrJGBIeI4AwMAieoguw&Z. - Investec Group's 2021 Annual Report - Investec Bank Limited 2021 Annual Financial Statements - Notice of the Annual General Meeting of Investec Bank Limited. Enquiries: Niki van Wyk Company Secretary Investec Bank Limited +27 11 286 7000 Date: 30 June 2021 Sponsor: Investec Bank Limited CONSOLIDATED BALANCE SHEET Group At 31 March Pre-adjustment Post-adjustment R'million 2021 Adjustment 2021 Assets Cash and balances at central banks 9 653 - 9 653 Loans and advances to banks 24 666 - 24 666 Non-sovereign and non-bank cash placements 8 956 - 8 956 Reverse repurchase agreements and cash collateral on securities borrowed 30 221 - 30 221 Sovereign debt securities 53 009 - 53 009 Bank debt securities 21 862 - 21 862 Other debt securities 14 170 - 14 170 Derivative financial instruments 19 173 - 19 173 Securities arising from trading activities 2 869 - 2 869 Investment portfolio 4 923 - 4 923 Loans and advances to customers 275 056 - 275 056 Own originated loans and advances to customers securitised 8 184 - 8 184 Other loans and advances 181 - 181 Other securitised assets 578 - 578 Interests in associated undertakings 5 558 (409) 5 149 Current taxation assets 35 - 35 Deferred taxation assets 2 412 - 2 412 Other assets 7 382 - 7 382 Property and equipment 2 740 - 2 740 Investment properties 1 - 1 Goodwill 175 - 175 Software 95 - 95 Other acquired intangible assets 118 - 118 Loans to group companies 17 410 - 17 410 Non-current assets held for sale 474 - 474 509 901 (409) 509 492 Liabilities Deposits by banks 17 144 - 17 144 Derivative financial instruments 23 011 - 23 011 Other trading liabilities 3 388 - 3 388 Repurchase agreements and cash collateral on securities lent 16 593 - 16 593 Customer accounts (deposits) 374 369 - 374 369 Debt securities in issue 2 126 - 2 126 Liabilities arising on securitisation of own originated loans and advances 3 271 - 3 271 Current taxation liabilities 684 - 684 Deferred taxation liabilities 32 - 32 Other liabilities 7 421 - 7 421 Loans from group companies 1 972 - 1 972 450 011 - 450 011 Subordinated liabilities 12 936 - 12 936 462 947 - 462 947 Equity Ordinary share capital 32 - 32 Share premium 14 250 - 14 250 Other reserves 411 - 411 Retained income 29 597 (409) 29 188 Ordinary shareholders' equity 44 290 (409) 43 881 Perpetual preference shares in issue 1 481 - 1 481 Shareholders' equity excluding non-controlling interests 45 771 (409) 45 362 Other Additional Tier 1 securities in issue 1 183 - 1 183 Total equity 46 954 (409) 46 545 Total liabilities and equity 509 901 (409) 509 492 Date: 30-06-2021 10:00:00 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.