Notification of major interest in 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: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 (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 receipt of the following TR-1 notifications: TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are INVESTEC PLC attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii PUBLIC INVESTMENT CORPORATION 4. Full name of shareholder(s) (if different from 3.):iv N/A 5. Date of the transaction and date on which the threshold is crossed or 6 March 2015 reached: v 6. Date on which issuer notified: 6 March 2015 7. Threshold(s) that is/are crossed or reached: vi, vii 10% 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible using Number Number Number Number % of voting rights x the ISIN CODE of of of shares of voting Shares Voting rights Rights Direct Direct t xi Indirect xii Direct Indirect INP 73 013 768 60719742 9.893% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period xiv rights that may be rights acquired if the instrument is exercised/ converted. NONE N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights xix, xx instrument price date xvii Conversion instrument refers to period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 60719742 9.893% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi N/A Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease N/A to hold: 12. Date on which proxy holder will cease to hold N/A voting rights: 13. Additional information: N/A 14. Contact name: DEVILLIERS MAKONKO 15. Contact telephone number: 012 742 3578 Note: Annex should only be submitted to the FCA not the issuer Annex: Notification of major interests in shares xxii A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) PUBLIC INVESTMENT CORPORATION LIMITED Contact address PUBLIC INVESTMENT CORPORATION (registered office for legal entities) REPUBLIC OF SOUTH AFRICA PRIVATE BAG X187 PRETORIA 0001 Phone number & email 012 742 3578 Other useful information CONTACT: ZANELE MABUZA (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name DEVILLIERS MAKONKO Contact address PUBLIC INVESTMENT CORPORATION REPUBLIC OF SOUTH AFRICA PRIVATE BAG X187 PRETORIA 0001 Phone number & email 012 742 3578 & deviliers.makonko@pic.gov.za Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information London and Johannesburg 10 March 2015 Sponsor: Investec Bank Limited Date: 10/03/2015 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.