INVESTEC LIMITED - Transactions by a Director Stephen Koseff

Transactions by a Director – Stephen Koseff

 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 ordinary share code: INL                              LSE share code: INVP
 NSX ordinary share code: IVD                              JSE share code: INP
 BSE ordinary share code: INVESTEC                         ISIN: GB00B17BBQ50
 ISIN: ZAE000081949

                                            (together “Investec”)

As part of the dual listed company structure, Investec plc and Investec Limited notify both the
London and Johannesburg Stock Exchanges of those interests (and changes to those
interests) of (i) directors of both entities and the respective company secretaries, (ii) persons
discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain
instances the directors of major subsidiaries of Investec Limited, in the securities of Investec
plc and Investec Limited which are required to be disclosed under the Disclosure and
Transparency Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE
Listing Requirements.

On 21 December 2015, Investec received notification on of the following transaction as
detailed below:

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH

Transactions by a Director – Stephen Koseff

The following on market sales are notified in terms of Rules 3.63 – 3.74 of the JSE Listing
Requirements.

 Number of Securities                            150,000
 Volume weighted average price                   ZAR108.75
 Total value of transaction                      ZAR 16,313,775.00
 Highest price                                   ZAR109.05
 Lowest price                                    ZAR108.24
 Nature of interest                              Direct beneficial
 Date and place of transaction                   17 December 2015, Johannesburg
 Number of Securities                            150,000

 Volume weighted average price                   ZAR105.55
 Total value of transaction                      ZAR 15,832,785.00
 Highest price                                   ZAR107.35
 Lowest price                                    ZAR104.43
 Nature of interest                              Direct beneficial
 Date and place of transaction                   18 December 2015, Johannesburg

Following the transactions above, Mr. Koseff holds 1,234,399 Investec Limited ordinary
shares representing 0.42% of the total issued ordinary share capital of Investec Limited. In
addition to the holdings in Investec Limited ordinary shares disclosed above, Mr. Koseff also
holds 5,274,035 Investec plc ordinary shares.

Clearance was obtained for the above dealings in securities.

Johannesburg and London

21 December 2015

Sponsor:
Investec Bank Limited

Date: 21/12/2015 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.