Transaction by a director in Investec plc 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 LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 As part of the dual listed company structure, Investec plc and Investec Limited (together “Investec”) 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) and persons closely associated with them, 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 Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE Listing Requirements. TRANSACTION BY A DIRECTOR IN INVESTEC PLC ORDINARY SHARES. Investec has been advised that David van der Walt disposed of the following number of ordinary shares in Investec plc (INP Shares) on 01 and 02 June 2017 in order to settle a tax liabilities related to prior year share awards which have now vested. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name David van der Walt 2 Reason for the notification a) Position/status PDMR b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Investec plc b) LEI 2138007Z3U5GWDN3MY22 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of GBP0.0002 each instrument, type of instrument GB00B17BBQ50 Identification code b) Nature of the transaction On market sale of shares in order to settle a tax liability related to prior year share awards which have now vested. c) Price(s) and volume(s) Price(s) Volume(s) GBP6.04 5,456 d) Aggregated information - Aggregated volume 5,456 - Price GBP6.04 e) Date of the transaction 01 June 2017 f) Place of the transaction London 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of GBP0.0002 each instrument, type of instrument GB00B17BBQ50 Identification code b) Nature of the transaction On market sale of shares in order to settle a tax liability related to prior year share awards which have now vested. c) Price(s) and volume(s) Price(s) Volume(s) GBP5.99 17,803 d) Aggregated information - Aggregated volume 17,803 - Price GBP5.99 e) Date of the transaction 02 June 2017 f) Place of the transaction London In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following additional information is disclosed in respect of the sale of INP Shares as disclosed above: Transaction Dated 01 June 2017 Volume weighted average price GBP6.04 Total value of transaction GBP32,968.97 Highest price GBP6.08 Lowest price GBP5.99 Nature of interest Direct beneficial Transaction Dated 02 June 2017 Volume weighted average price GBP5.99 Total value of transaction GBP106,698.72 Highest price GBP6.04 Lowest price GBP5.97 Nature of interest Direct beneficial Clearance was obtained for the above dealings in securities. Johannesburg and London 05 June 2017 Sponsor: Investec Bank Limited Date: 05/06/2017 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.