Investec Bank Limited has exercised its option to early redeem all of the IVC172 Notes in terms of item 32 of the Applicable Pricing Supplement, pursuant to the terms and conditions set out in the Issuer's Credit-Linked Note Programme dated 10 May 2010, as follows: JSE Stock Code: IVC172; ISIN: ZAG000168147; Redemption Amount per Note: Aggregate outstanding Principal Amount plus accrued unpaid interest (if any) to the Optional Redemption Date (Call); Early Redemption Date: 18 November 2020.