INVESTEC BANK LTD - Changes to the Board

Changes to the Board

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE share code: INLP
ISIN: ZAE123000048393


CHANGES TO THE BOARD OF INVESTEC BANK LIMITED (the “BOARD”)

As previously noted in the Investec Annual Report, on the recommendation of the
Nominations and Directors’ Affairs Committee, the Group has agreed to implement a
structured refreshment programme so as to ensure the Board are recruiting new non-
executive directors while retiring some of the longer serving non-executive directors over a
period of years.

Accordingly, Investec announces, in accordance with Section 3.59 of the JSE Limited Listing
Requirements, the following changes to the board of Investec Bank Limited:

Directors not standing for re-election

Peter Malungani, Sir David Prosser and Busi Tshili did not offer themselves for re-election at
the annual general meetings of Investec plc and Investec Limited which took place on
07 August 2014 and accordingly stepped down from the Board at the same time.

The Board would like to express its gratitude for Peter, Sir David and Busi’s contributions to
the Board during this time.

Appointment of non-executive directors

The Board is pleased to announce the appointments of two non-executive directors, namely,
Khumo Shuenyane and Zarina Bassa. Further information on each of the individuals is set out
below. Khumo’s appointment was with effect from 08 August 2014 and Zarina’s appointment
will take effect on 01 November 2014.

Khumo Shuenyane
Khumo, Chartered Accountant (England and Wales), B Econ and International Studies; was
previously Group Chief (Mergers and Acquisitions and International Business Development)
of MTN Group Limited. Until 2007, Khumo was Head of Principle Investments at Investec
Bank Limited.

Zarina Bassa
Zarina, CA (SA) is the executive chairman of Songhai Capital. A former partner of Ernst &
Young Inc., she joined the ABSA Group in 2002 and was an executive director and a member
of the bank’s executive committee, with accountability for private banking. Zarina is a non-
executive director of Kumba Iron Ore, Vodacom South Africa, Yebo Yethu, Sun International,
Oceana Group, Senwes and Woolworths Holdings and is also a member of the Financial
Services Board. She has also previously chaired the Public Accountants' and Auditors' Board
and the Auditing Standards Board and has been a member of the JSE GAAP Monitoring
Panel.


For further information please contact:

Investec Investor Relations
Ursula Nobrega
+27 (0) 11 286 7070
investorrelations@investec.com


Johannesburg
22 August 2014

Sponsor:
Investec Bank Limited

Date: 22/08/2014 12:30:00 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.