Early Redemption of AT1 Securities

RNS Number : 9853K

Investec PLC

05 November 2024

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Listing Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements.

INVESTEC PLC
£250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities (ISIN: XS1692045864) (the "Securities"), of which £108,108,000 in aggregate principal amount is currently outstanding

5 November 2024

Announcement of early redemption

Investec plc (the "Issuer") today gave notice to the holders of the outstanding Securities that, pursuant to Condition 7(c) of the terms and conditions of the Securities (the "Conditions") set out in Schedule 2 to the trust deed dated 5 October 2017 (the "Trust Deed") between the Issuer and Deutsche Trustee Company Limited (the "Trustee"), the Issuer has exercised its option to redeem all of the outstanding Securities on the First Reset Date of 5 December 2024 (the "Redemption Date") at their principal amount together with accrued and unpaid interest thereon to (but excluding) the Redemption Date.

Payment in respect of the Securities will be made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in accordance with their standard procedures.

Pursuant to Condition 7(b)(i) and (ii), if the Solvency Condition is not satisfied on the Redemption Date, or prior to the Redemption Date a Trigger Event Notice is given, the redemption notice shall automatically be rescinded and shall be of no force and effect.

Unless otherwise defined herein, defined terms used have the meanings given to them in the Trust Deed and/or the Conditions.

The listing of the Securities on the Official List of the Financial Conduct Authority and the admission of the Securities to trading on the Main Market of the London Stock Exchange plc will be cancelled on, or shortly after, the Redemption Date.

FURTHER INFORMATION

For further information, please contact:

Derek Lloyd

E-mail: [email protected]

Telephone: +442075974000

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