IBL Financial Overview

. Diversified funding strategy Investec's funding consists primarily of customer deposits Investec adopts a conservative and prudent funding strategy Conservative and prudent funding strategy Maintaining a high base of high-quality liquid assets Diversifying funding sources Minimum cash of at least 25% of customer deposits on an on-going basis Limiting concentration risk Maintaining a stable retail deposit franchise Low reliance on wholesale funding Each geographic entity must be self-sufficient from a funding and liquidity standpoint Selected funding sources at 31 March 2021 R'mn 0.8% 3.2% 4.2% O 31 Mar 2021 91.8% Customer deposits 374 369 Interbank liabilities (dollar funding) 17 144 R407.7bn Customer deposits account for 91.8% of selected funding sources as at 31 March 2021 Customer deposits are supplemented by deposits from banks (4.2%), subordinated debt (3.2%) and securitisation liabilities (0.8%) Subordinated liabilities 12 936 Securitisation liabilities 3 271 We do not place reliance on any single deposit channel, nor do we overly rely on interbank funding Total 414 462 Core loans are funded from customer deposits and interbank (dollar) funding supplements cash and near cash balances Page 26

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