INVESTEC LIMITED - 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:




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                                                               YES

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                        ALLAN GRAY UNIT TRUST MANAGEMENT (RF)
notification obligation: iii                                             PROPRIETARY LIMITED




4. Full name of shareholder(s)
 (if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or                                               2 AUGUST 2016
reached: v

6. Date on which issuer notified:                                               5 AUGUST 2016

7. Threshold(s) that is/are crossed or
                                                                                       3%
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                           Direct
                                                  Direct                     Indirect xii   Direct         Indirect
                                    Rights                           xi


GB00B17BBQ50
                     19 649 602    19 649 637     19 698 637                                3.001%




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.




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
Total (A+B+C)
Number of voting rights                      Percentage of voting rights

19 698 637                                   3.001%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi




Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:                  Trustee Services, Rand Merchant Bank



14. Contact name:                            Nelia de Beer


15. Contact telephone number:                (0)87 736 1732




Johannesburg and London

Date: 05 August 2016
Sponsor: Investec Bank Limited

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