INVESTEC PLC - Notification of major interest in shares

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 notification:



For filings with the FCA include the annex
For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer                            Investec plc
of existing shares to which voting rights are                      
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                Norges Bank                                                      
notification obligation: iii



4. Full name of shareholder(s)                           N/A                                             
(if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                       29 June 2016
reached: v

6. Date on which issuer notified:                       01 July 2016

7. Threshold(s) that is/are crossed or                  Below 4% based on voting rights attached to shares                                                       
reached: vi, vii

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          % of voting rights x
the ISIN CODE          of             of          of shares        rights
                       Shares         Voting                                   
                                      Rights      Direct           Direct xi    Indirect     Direct      Indirect
                                                                         xii

GB00B17BBQ50           29,316,169    29,316,169   24,116,169       24,116,169                3.67%


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.

Lent out shares, right to     N/A          N/A                           4,500,000                    0.69%
recall



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,
instrument              price        date xvii    Conversion       instrument refers to          xx
                                                  period xviii    
                                                                                                 Nominal        Delta
N/A                     N/A          N/A          N/A              N/A                           N/A            N/A

Total (A+B+C)

Number of voting rights                      Percentage of voting rights

28,616,169                                   4.36%

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:                                Norges Bank

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:                  None

14. Contact name:                            Stanislav Boiadjiev

15. Contact telephone number:                +47 2407 3142


Sponsor
Investec Bank Limited


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