Transactions by a Director – Stephen Koseff 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 ordinary share code: INL LSE share code: INVP NSX ordinary share code: IVD JSE share code: INP BSE ordinary 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 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. On 21 December 2015, Investec received notification on of the following transaction as detailed below: TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH Transactions by a Director – Stephen Koseff The following on market sales are notified in terms of Rules 3.63 – 3.74 of the JSE Listing Requirements. Number of Securities 150,000 Volume weighted average price ZAR108.75 Total value of transaction ZAR 16,313,775.00 Highest price ZAR109.05 Lowest price ZAR108.24 Nature of interest Direct beneficial Date and place of transaction 17 December 2015, Johannesburg Number of Securities 150,000 Volume weighted average price ZAR105.55 Total value of transaction ZAR 15,832,785.00 Highest price ZAR107.35 Lowest price ZAR104.43 Nature of interest Direct beneficial Date and place of transaction 18 December 2015, Johannesburg Following the transactions above, Mr. Koseff holds 1,234,399 Investec Limited ordinary shares representing 0.42% of the total issued ordinary share capital of Investec Limited. In addition to the holdings in Investec Limited ordinary shares disclosed above, Mr. Koseff also holds 5,274,035 Investec plc ordinary shares. Clearance was obtained for the above dealings in securities. Johannesburg and London 21 December 2015 Sponsor: Investec Bank Limited Date: 21/12/2015 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.