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Investec Structured Product Notes Commencement Date: 04 December 2019

 Index                              Euro Stoxx 50 Index
 Strike Price                       3354.73
 Expiry Date                        13/08/2021
 Cover Ratio                        1:1
 Call/Put/Other                     Call
 Style                              European
 Issue Size                         4 610
 JSE Code                           SXEIIW
 ISIN Code                          ZAE000281796

The JSE Limited (JSE) has approved the listing of the abovementioned Notes and trading will commence on
Wednesday, 04 December 2019. All members of the JSE may participate in trading, which will occur according to
normal JSE Rules.

The Notes comprise inward listed securities classified as foreign for purposes of the South African Reserve Bank
Exchange Control Regulations. Therefore the full nominal or notional exposure in respect of these Notes must be
marked off against the Holders foreign portfolio allowance and emigrants from the Common Monetary Area shall not
be entitled to utilise blocked Rand in order to subscribe for the Notes.

As the Notes have been dematerialised, settlement will be effected electronically through the Strate system of the JSE
and accordingly, certificates evidencing the Notes will not be issued to Holders.

Any captalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Note issue

Date: 03 December 2019

Copies of the offering circular may be obtained from:
        Investec Bank Limited
        100 Grayston Drive

Copies of Warrant issue documentation can be located on:
        Internet: www.investecwarrants.com

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

        Investec Securities (Pty) Limited
        Member of the JSE
        Registration Number: 1972/008905/07

Date: 03-12-2019 11:12:00
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.

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