INL/INP - Investec Limited/ Investec plc - Acquisition of Neontar Limited

INL/INP - Investec Limited/ Investec plc - Acquisition of Neontar Limited       
Investec Limited                                                                
Incorporated in the Republic of South Africa                                    
Registration number 1925/002833/06                                              
JSE share code: INL                                                             
ISIN: ZAE000081949                                                              
Investec plc                                                                    
Incorporated in England and Wales                                               
Registration number 3633621                                                     
JSE share code: INP                                                             
ISIN: GB00B17BBQ50                                                              
(jointly "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.                                                                   
Accordingly, we advise of the following:                                        
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR   
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE        
RELEVANT LAWS OF SUCH JURISDICTION                                              
Investec plc has entered into a share purchase agreement pursuant to which its  
wholly owned subsidiary, Investec Holdings (Ireland) Limited ("Investec         
Ireland"), will acquire a majority interest in Neontar Limited (the "SPA").     
Neontar Limited owns the NCB Group ("NCB"), one of Ireland`s leading corporate  
finance and wealth and investment firms.                                        
Investec Ireland will also make an offer (the "Offer") to acquire all of the    
ordinary shares of Neontar Limited from those shareholders of Neontar Limited   
who are not party to the SPA.                                                   
The consideration for the shares will be an amount equal to EURO4.35 million    
plus the net asset value of Neontar Limited as at completion, to be satisfied   
by Investec Ireland in cash. There may also be deferred payments to the sellers,
dependant on the recovery of certain amounts by NCB. Net asset value of Neontar 
Limited is estimated to be EURO28 million.  At the election of Investec, the    
consideration may alternatively be satisfied by the issue of ordinary or        
preference shares by Investec plc, or a combination of cash and shares.         
The sellers under the SPA are Quinn Financial Services Holdings Limited,        
Narcissus Limited, Conor O`Kelly, Ben Conte, Breffni Byrne, Martin Doyle, Paul  
Chew, John Sheehan, Alan Duff, Nigel Poynton, Greg Dilger, Eddie Clarke, Tommy  
Conway, Brian Delaney, Liam Booth, Graham O`Brien, Ed Murray, Brian Bolger,     
Bobby Hasset, Andrew Ennis, Michael Murphy, Fiona Mulhall, Paul Cullinane,      
James Sheeran.                                                                  
The SPA is conditional, inter alia, on Investec acquiring, prior to completion, 
100 per cent of Neontar Limited pursuant to the SPA and the Offer and on        
obtaining the necessary regulatory approvals, with completion expected during   
the second quarter of 2012.                                                     
Enquiries                                                                       
Investec                                                                        
Investor Relations                           +44 (20) 7597 5546                 
+27 (11) 286 7070                                                               
This announcement is for information purposes only and does not constitute an   
offer to sell or an invitation to purchase any securities or the solicitation   
of an offer to buy any securities. This announcement has been prepared for the  
purpose of complying with English law and the information disclosed may not be  
the same as that which would have been disclosed if this announcement had been  
prepared in accordance with the laws of jurisdictions outside the United        
Kingdom.                                                                        
Any securities to be issued by Investec plc as described in this announcement   
have not been and will not be registered under the US Securities Act of 1933,   
as amended (the "Securities Act"), or under the securities laws of any state,   
district or other jurisdiction of the United States, or of Australia, Canada    
or Japan.                                                                       
Date: 27/01/2012 09:00:19 Supplied by www.sharenet.co.za                     
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