Commentary & Deal Flow

Tranche 1 (3yr): Final Books over €700mm. Peak book over €1.1bn (incl. €30mm JLM)

Launched: 3yr: €500m @ MS+85a - Books over €1.1bn (incl. €30mm JLM)

Guidance: 3yr: MS+90a - Books over €1bn (incl. €30mm JLM)

IPTs: 3yr: MS+110a

• Issuer: Investec Bank plc
• LEI: 84S0VF8TSMH0T6D4K848
• Ticker: INVES
• Issuer Rating: A1 (Positive) / A- (Stable) (Moody's / Fitch)
• Expected Issue Rating: A1 / A- (Moody's / Fitch)
• Form: Registered (not NSS)
• Status: Senior Notes
• Size: €500m
• Pricing Date: 13-Oct-26
• Issue Date: 21-Oct-26 (T+6)
• Maturity Date: 21-Oct-29
• Interest: [•]% Fixed
• Interest Payment Dates: 21 October in each year, commencing on 21-Oct-27
• Day Count Fraction: ACT/ACT (ICMA)
• Business Day Convention: Following, unadjusted
• Business Days: London, T2
• Clean-up Call: Condition 5(g) of the Base Prospectus – Applicable (in whole but not in part), with the Relevant Percentage being 25%
• Redemption for Taxation Reasons: Subject to certain pre-conditions specified in Condition 5(c) of the Base Prospectus – Tax call at par (in whole but not in part)
• Substitution & Variation: Condition 5(m) of the Base Prospectus – Applicable (in whole but not in part), following a Tax Event
• Documentation: Investec Bank plc - £6,000,000,000 Euro Medium Term Note Programme Base Prospectus dated 14-Jan-26, as supplemented on 22-Sep-26 (the “Base Prospectus”)
• Listing / Law / Denoms: London Stock Exchange (Main Market) / English law / €100k+1k
• Target Market: Manufacturer target market (MiFID II/ UK MiFIR product governance) is eligible counterparties & professional clients only (all distribution channels). No EU PRIIPs key information document (KID) has been prepared as not available to retail in the EEA and no UK PRIIPs KID/CCI product summary has been prepared as not available to retail in the UK
• Use of Proceeds: The net proceeds from the issue of the Notes will be used for the general financing purposes of the Issuer
• ISIN / Common Code: XS3531986373 / 353198637
• Joint Lead Managers: BNP Paribas, Citigroup, ING, Morgan Stanley (B&D)
• Fees: The Joint Lead Managers will be paid a fee by the Issuer in respect of the placement of the Notes. Details of the fee may be made available on request to investors participating in the transaction
• Selling Restrictions: As per the EMTN Programme Base Prospectus – Reg S, Category 2; TEFRA not applicable
• Timing: Books closed
• Advertisement: This announcement is an advertisement for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. The Base Prospectus is, and the Final Terms will be, when published, available on the website of the London Stock Exchange (http://www.londonstockexchange.com)
• Reference Benchmark: OBL 190 / HR 100%
• Hedge Deadline: 14:50 CET
• Swaps: MS to B&D