Investec Ltd \Investec Plc - Award of nil cost options in Investec Ltd ordinary shares 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: ILRP1 LSE share code: INVP ISIN: ZAE000183216 JSE share code: INP JSE ordinary share code: INL ISIN: GB00B17BBQ50 NSX ordinary share code: IVD BSE ordinary share code: INVESTEC 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. Investec received notification on 09 December 2014 of the following transaction: Award of nil cost options in Investec Limited ordinary shares On the 08 December 2014, Investec made forfeitable awards in respect of nil cost options in the capital of Investec Limited for nil consideration pursuant to its Long Term Incentive Plan (“LTIP”). In terms of the LTIP plan rules, 75% of the options are exercisable on 08 June 2018 and the remaining 25% of the options are exercisable on 08 June 2019, on condition that the participant is still employed by Investec. The awards are in accordance with the determination of the Remuneration Committee and with the rules of the LTIP plan. In accordance with Disclosure and Transparency Rules (“DTR”) 3.1.4R (1) (a) Investec plc advises of the following transactions by PDMRs: PDMR NUMBER OF OPTIONS AWARDED Ciaran Whelan 175,000 Johannesburg and London 09 December 2014 Sponsor: Investec Bank Limited Date: 09/12/2014 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.