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.