No exercise of BATIIK autocall notes

INVESTEC BANK LIMITED


 Underlying Asset                   British American Tobacco PLC (London)

 Strike Price                       3270.4788

 Expiry Date                        15 November 2027

 Cover Ratio                        1:1

 Call/Put/Other                     Call

 Style                              Bermudan

 Issue Size                         200 000

 Listing Code                       BATIIK

 ISIN Code                          ZAE000316428


UPDATE ANNOUNCEMENT - NO EXERCISE OF BATIIK AUTOCALL NOTES (AUTOCALLS) ON 14 November
2023

Holders are referred to the SENS announcement dated 31 October 2023, the conditions for Exercise were not met and
the Autocalls were not automatically exercised on 14 November 2023. The dates referred to in the SENS announcement
dated 31 October 2023 are not applicable.

 Condition for Exercise                   Closing level of the Underlying Asset on 14 November 2023, multiplied by the
                                          Dividend Adjustment Performance, is greater than the Initial Asset Price

 Closing level of the Underlying          2520.00
 Asset on 14 November 2023

 Remaining Exercise Dates                  Thursday, November 14, 2024
                                           Friday, November 14, 2025
                                           Monday, November 16, 2026
                                           Monday, November 15, 2027



Date: 15 November 2023

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 Financial Products
        Tel.: +27 11 286 9663
        E-mail: FPRetail@investec.co.za

Sponsor:
        Investec Bank Limited
        Member of the JSE
        Registration Number: 1969/004763/06

Date: 15-11-2023 12:10:00
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.