Investec PLC — Capital/Financing Update 2014

Feb 13, 2014

Final Terms dated 11 February 2014

Investee plc

Issue of EUR 25,000,000 of 3.48 per cent. Fixed Rate Notes due 29 September 2017

under the £1,000,000,000 Euro Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 6 February 2014 which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing at and copies may be obtained from the website of the Regulatory News Service operated by the London Stock Exchange at http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and during normal working hours, Invested plc, 2 Gresham Street, London EC2V 7QP and Deutsche Bank AG, London Branch, Winchester House, 1 Great Winchester Street, London EC2N 2DB.

Series Number: $\overline{2}$ $\mathbf{L}$ $(i)$

$(ii)$ Tranche Number: $\mathbf{1}$

2.		Specified Currency:	Euro ("EUR")
3.	Aggregate Notes:	Nominal Amount of
	(i)	Series:	EUR 25,000,000
	(ii)	Tranche:	EUR 25,000,000
4.	Issue Price:		100 per cent. of the Aggregate Nominal Amount
5.	(i)	Specified Denominations:	EUR 150,000 and integral multiples of EUR 1,000 thereafter
	(ii)	Calculation Amount:	EUR 1,000
6.	(i)	Issue Date:	14 February 2014
	(ii) Date	Interest Commencement	Issue Date
7.	Maturity Date:		29 September 2017
8.	Interest Basis:		3.48 per cent. Fixed Rate
9.	Redemption/Payment Basis:		Redemption at par
10.	Put/Call Options:		Not Applicable
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

• $(i)$ Rate of Interest:
• $(ii)$ Interest Payment Date(s):

29 March 2014, 29 September 2014, 29 March 2015, 29 September 2015, 29 March 2016, 29 September 2016, 29 March 2017 and 29 September $2017$

$(iii)$ Fixed Coupon Amounts: In respect of each Interest Payment Date, an amount per Calculation Amount as set out in the table below:

3.48 per cent. per annum

Interest Payment	Fixed	Coupon
Date	Amount
29 March 2014	EUR 4.16
29 September 2014	EUR 17.79
29 March 2015	EUR 17.50
29 September 2015	EUR 17.79
29 March 2016	EUR 17.59
29 September 2016	EUR 17.79
29 March 2017	EUR 17.50
29 September 2017	EUR 17.79

	(iv)	$Broken$ Amount $(s)$ :	EUR 4.16 per Calculation Amount payable on the Interest Payment Date falling on 29 March 2014
	(v)	Day Count Fraction:	Actual/360
12.		Floating Rate Note Provisions	Not Applicable
13.		Zero Coupon Note Provisions	Not Applicable

PROVISIONS RELATING TO REDEMPTION

14.	Call Option	Not Applicable
15.	Put Option	Not Applicable

1. Final Redemption Amount of each 100 per cent. per Calculation Amount Note

17. Early Redemption

(i) Amount(s) Amount:	Early per	Redemption Calculation	Final Redemption Amount
(ii)	Redemption		following Condition 5(d) Not Applicabl

łе .pp Hedging Disruption:

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$\sim$

GENERAL PROVISIONS APPLICABLE TO THE NOTES

18.	Form of Notes:		Bearer Notes:
			Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note
19.		Financial Centre(s):	TARGET
20.	Talons Notes:	for future Coupons or Receipts to be attached to Definitive	No
21.	Instalment Notes:		Not Applicable
	(a)	Instalment Amount(s):	Not Applicable
	(b)	Instalment Date(s):	Not Applicable
22.		Calculation Agent:	Not Applicable
DISTRIBUTION

1. TEFRA Categorisation: TEFRAD

Signed on behalf of Investee plc:

By:

escl By:

Duly authorised
Jennifer Peacock Authorised Signatory

$\cdots$ .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\mathcal{L}$

Duly authorised

Paul Myers
Authorised Signatory

PART B-OTHER INFORMATION

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(i)	Listing	Application will be made to admit the Notes to listing on the Official List of the FCA.
(ii)	Admission to trading:	Application will be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Regulated Market of the London Stock Exchange with effect from 14 February 2014.
(iii)	Estimate of total related expenses to admission to trading:	GBP 300
RATINGS

$\mathbf{r}$ xomes $\alpha$

$\mathbf{1}$ .

$2.$

Ratings:

The Notes have not specifically been rated.

$3₁$ INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.

$4.$ OPERATIONAL INFORMATION

ISIN Code:	XS1032916584
Common Code:	103291658

New Global Note or Classic Classic Global Note Global Note:

Any clearing system(s) other Not Applicable than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s) and address:

$\lambda$

Names and addresses of Not Applicable additional Paying Agent(s) (if any):