14 Jul - 4 min read

Indicative Results Announcement

Indicative Results Announcement

Investec Limited                                         Investec plc
Incorporated in the Republic of South Africa             Incorporated in England and Wales
Registration number 1925/002833/06                       Registration number 3633621
JSE share code: INL                                      LSE share code: INVP
NSX share code: IVD                                      JSE share code: INP
BSE share code: INVESTEC                                 ISIN: GB00B17BBQ50
ISIN: ZAE000081949                                       LEI: 2138007Z3U5GWDN3MY22
LEI: 213800CU7SM6O4UWOZ70

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
Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing
Requirements.


NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED
STATES OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT



                           INDICATIVE RESULTS ANNOUNCEMENT

Investec plc announces indicative results of its Tender Offer for its £400,000,000 4.500
                             per cent. Notes due 2022

14 July 2021. Investec plc (the “Company”) announces herein the indicative results of its invitation
to holders of its £400,000,000 4.500 per cent. Notes due 2022 (ISIN: XS1227242630) (the “Notes”)
to tender such Notes for purchase by the Company for cash (the “Offer”).

The Offer was made on the terms and subject to the conditions contained in a tender offer
memorandum dated 6 July 2021 (the “Tender Offer Memorandum”) prepared by the Company,
and was subject to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms
used in this announcement but not defined have the meanings given to them in the Tender Offer
Memorandum.

Indicative Results of the Offer

The Expiration Deadline for the Offer was 4.00 p.m. (British Summer Time) on 13 July 2021. As at
the Expiration Deadline, £260,007,000 in aggregate nominal amount of the Notes had been validly
tendered for purchase pursuant to the Offer.

The Company announces that, conditional upon satisfaction (or waiver) of the New Financing
Condition, it indicatively expects to accept valid tenders of Notes pursuant to the Offer, with an
indicative Final Acceptance Amount equal to £200,000,000. All Tender Instructions are indicatively
expected to be accepted subject to an indicative Scaling Factor of 76.237 per cent.

The Company reserves the right at any time to waive any or all of the Conditions of the Offer
(including the New Financing Condition) as set out in the Tender Offer Memorandum. Subject to the
satisfaction (or waiver) of the New Financing Condition, the expected Settlement Date of the Offer
is 16 July 2021.


The Price Determination Time is expected to be at or around 11.00 a.m. (British Summer Time)
today. The Company expects to announce the final results of the Offer as soon as reasonably
practicable thereafter.




                                                     Dealer Managers
       Citigroup Global Markets Limited                                                   ING Bank N.V.
                Citigroup Centre                                                          Foppingadreef 7
                Canada Square                                                           1102 BD Amsterdam
                 Canary Wharf                                                             The Netherlands
               London E14 5LB

          Telephone: +44 20 7986 8969                                                Telephone: +31 20 5632132
     Attention: Liability Management Group                                      Email: liability.management@ing.com
   Email: liabilitymanagement.europe@citi.com                                   Attention: Liability Management Team



                                                 J.P. Morgan Securities plc
                                                        25 Bank Street
                                                        Canary Wharf
                                                       London E14 5JP

                                                Telephone: +44 20 7134 2468
                                    Email: liability_management_EMEA@jpmorgan.com
                                               Attention: Liability Management

                                                     The Tender Agent
                                                Lucid Issuer Services Limited
                                                       Tankerton Works
                                                        12 Argyle Walk
                                                     London WC1H 8HA

                                                  Attention: Harry Ringrose
                                                Telephone: +44 207 704 0880
                                                Email: investec@lucid-is.com



This announcement is released by Investec plc and contains information that qualified or may have
qualified as inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"),
as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal)
Act 2018 ("UK MAR"), encompassing information relating to the Offer described above. For the
purposes of UK MAR and Article 2 of the binding technical standards published by the FCA in relation
to MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is
made by David Miller, Company Secretary at Investec plc.

DISCLAIMER: This announcement must be read in conjunction with the Tender Offer Memorandum.
No offer or invitation to acquire any securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be
restricted by law. Persons into whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Company, the Dealer Managers and the Tender
Agent to inform themselves about, and to observe, any such restrictions.

LEI: 2138007Z3U5GWDN3MY22

Johannesburg and London
14 July 2021

Sponsor:
Investec Bank Limited
Date: 14-07-2021 12:30:00
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