Investec plc - Tender Offer 2024 (XS) - Launch

Investec plc announces Tender Offer to the holders of its £250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities (ISIN: XS1692045864) to tender any and all such Securities for purchase for cash

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21 FEBRUARY 2024

Full announcement including disclaimers and offer/distribution restrictions available via Investec plc

Investec plc (the "Company") announces today an invitation to holders of its £250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities (ISIN: XS1692045864) (the "Securities") to tender such Securities for purchase by the Company for cash (the "Offer").

The Offer is being made on the terms and subject to the conditions (including, without limitation, the New Financing Condition) contained in a tender offer memorandum dated 21 February 2024 (the "Tender Offer Memorandum") prepared by the Company and is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.

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"Rationale for the Offer

The Offer and the proposed issue of Sterling-denominated Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities (the "New Securities") are part of the Group's active management of its debt profile and capital base. The net proceeds of the issue of the New Securities will be used for general corporate purposes of the Group (which may include, without limitation, financing the repurchase of some or all of the Securities pursuant to the Offer).

Any Securities acquired by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold.

Summary of the Offer"

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Investec plc announces Tender Offer to the holders of its £250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities (ISIN: XS1692045864) to tender any and all such Securities for purchase for cash

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21 FEBRUARY 2024

Full announcement including disclaimers and offer/distribution restrictions available via Investec plc

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