Update on the Pre-close Trading Statement 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 Investec (comprising Investec plc and Investec Limited) – update on the pre-close trading statement As part of the dual listed company structure, the boards of Investec plc and Investec Limited (together the “Boards”) notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules, and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listings Requirements. Accordingly we advise of the following in accordance with paragraph 3.4(b) (iv) of the JSE Listings Requirements and that this announcement contains Inside Information as defined in Article 7 of the Market Abuse Regulation. Shareholders are referred to the pre-close trading update for the year ended 31 March 2021 which was released on SENS and RNS on 19 March 2021 that contained the following guidance: Total group Total group (excluding discontinued operations) (including discontinued operations) FY2021 range FY2020 FY2021 range FY2020 Adjusted EPS - p 24 to 27 33.9 24 to 27 46.5 Basic EPS - p 19.7 to 22.5 17.5 19.7 to 22.5 115.3* HEPS - p 19.5 to 22.3 21.5 19.5 to 22.3 29.2 * includes the gain from the demerger of Ninety One. We wish to advise that the guidance has been updated as follows: Total group Total group (excluding discontinued operations) (including discontinued operations) FY2021 FY2020 FY2021 FY2020 Adjusted EPS - p 28.9 33.9 28.9 46.5 Basic EPS - p 25.2 17.5 25.2 115.3* HEPS - p 26.6 21.5 26.6 29.2 * includes the gain from the demerger of Ninety One. The financial information on which this trading statement is based, has not been reviewed and reported on the by the external auditors. The preliminary results for the twelve months ended 31 March 2021 are expected to be announced on 21 May 2021. The person responsible for arranging the release of this announcement on behalf of Investec is Nishlan Samujh, Group Financial Director. By order of the board 20 May 2021 For further information please contact: Investec Investor Relations Qaqambile Dwayi South Africa: +27 (0) 11 291 0129/+27 11 286 7070 investorrelations@investec.com For media enquiries please contact: Lansons (UK PR advisers) – Tom Baldock. Tel: +44 (0)78 6010 1715 Brunswick (SA PR advisers) – Graeme Coetzee. Tel: +27 (0)63 685 6053 About Investec Investec partners with private, institutional, and corporate clients, offering international banking, investments, and wealth management services in two principal markets, South Africa and the UK, as well as certain other countries. The group was established in 1974 and currently has approximately 8,500 employees. In 2002, Investec implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges. In March 2020, the group successfully completed the demerger of Ninety One, which became separately listed on 16 March 2020. Investec’s current market capitalisation is approximately £2.4 billion. Johannesburg and London JSE Equity Sponsor: Investec Bank Limited Date: 20-05-2021 08:30:00 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.