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. Date: 04/02/2015 09:00:00 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.