INVESTEC PLC - Investec (comprising Investec plc and Investec Limited) Basel III capital adequacy disclosure at 31 December 2014

Investec (comprising Investec plc and Investec Limited) – Basel III capital adequacy disclosure at 31 December 2014

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

                                            (together “Investec”)

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 Disclosure,
Transparency and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing
Requirements.

Investec (comprising Investec plc and Investec Limited) – Basel III capital adequacy disclosure at 31
December 2014

4 February 2014

The disclosures below are made with respect to Basel III quarterly disclosure requirements. The group holds
capital in excess of regulatory requirements targeting a minimum common equity tier one capital ratio above
10% by March 2016 and a total capital adequacy ratio range of 14% to 17% on a consolidated basis for each
of Investec plc and Investec Limited.

                                                              Investec                    Investec
                                                                 plc*            IBP*      Limited*        IBL*
 As at 31 Dec 2014                                             GBP 'mn       GBP 'mn       ZAR 'mn     ZAR 'mn


 Common equity tier 1 capital before deductions                  1,654         1,715        25,293      26,537
 Deductions                                                      (534)         (420)          (97)         689

 Common equity tier 1 capital                                    1,120         1,295       25,196       27,226



 Additional tier 1 capital                                         234             -        4,297        1,227



 Tier 1 capital                                                  1,354         1,295       29,493       28,453



 Tier 2 capital                                                     609          598         9,776       10,637



 Total regulatory capital                                         1,963         1,893       39,269       39,090


 Risk-weighted assets                                            12,380       11,432       263,363      249,817


 Capital ratios
 Common equity tier 1 ratio                                       9.0%         11.3%         9.6%         10.9%
 Tier 1 ratio                                                    10.9%         11.3%        11.2%         11.4%
 Total capital ratio                                             15.9%         16.5%        14.9%         15.6%


* Where: IBP is Investec Bank plc consolidated and IBL is Investec Bank Limited consolidated. The information for Investec plc includes
the information for IBP. The information for Investec Limited includes the information for IBL.

The capital adequacy disclosures follow Investec's normal basis of presentation so as to show a consistent basis of calculation across
the jurisdictions in which the group operates. For Investec plc and IBP this does not include the deduction of foreseeable dividends
when calculating common equity tier 1 as now required under the Capital Requirements Regulation and European Banking Authority
technical standards.



                                                                 

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