Notification of interests in ordinary 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 JSE share code: INP NSX share code: IVD LSE share code: INVP 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, Investec Limited, in accordance with Section 3.83(b) of the JSE Listing Requirements and Section 122 (3)(b) of the Companies Act, No. 71 of 2008, advises of the following: INVESTEC LIMITED: NOTIFICATION OF INTERESTS IN ORDINARY SHARES ACQUISITION OF ORDINARY SHARES BY CLIENTS OF ALLAN GRAY PROPRIETARY LIMITED (“ALLAN GRAY”) Investec Limited received formal notification on 02 December 2016 that clients of Allan Gray have, in aggregate, acquired an interest in the Ordinary Shares such that the total interest in the Ordinary Shares held by Allan Gray’s clients now amounts to 10.1126% of the total issued Ordinary Shares of Investec Limited. 05 December 2016 Sponsor: Investec Bank Limited Date: 05/12/2016 03:00:00 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.