Investor Presentaiton

25 Diversified funding strategy Investec plc's funding consists primarily of customer deposits ■ The bank adopts a conservative and prudent funding strategy Investec plc is not subject to the Banking Reform Act ring-fencing requirements which are applicable to all large UK deposit takers, as it falls below the £25bn of core deposits de minimis threshold Investec plc has no MREL requirement in excess of its minimum capital requirements Conservative and prudent funding strategy 1 Maintaining a high base of high-quality liquid assets 2 Diversifying funding sources 3 Limiting concentration risk 4 Low reliance on wholesale funding 5 Maintaining a stable retail deposit franchise Credit Ratings Investec plc's long-term issuer rating was upgraded by Moody's from Baa3 to Baa2 in February 2016, and then to Baa1 in April 2016. This rating was affirmed on 13 April 2022, and the outlook remains stable. ■ On 13 April 2022, Moody's also affirmed IBP's long-term deposit rating at A1 (stable outlook). On 25 March 2022, Fitch affirmed IBP's long-term Issuer Default Rating (IDR) at BBB+ (stable). Through the previous financial crisis, Investec plc and IBP retained an investment grade rating. Select funding sources 8%- 3% 1% £20.8bn £'mn 31 March 2022 Customer deposits 18 294 Debt securities in issue 1 648 Baa3 Subordinated Liabilities 759 Liabilities arising on securitisation of other A2 96 88% assets Total Baa1 BBB+ Baa1 (stable) Moody's A1 A1 (stable) Moody's 20 797 BBB Jan-16 Apr-16 Sep-17 Feb-19 BBB+ (stable) Fitch Jun-22

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