INVESTEC LIMITED - Issue of the Investec Limited Annual Financial Statements

Issue of the Investec Limited Annual Financial Statements

Investec Limited
Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE debt code: INLV
LEI: 213800CU7SM6O4UWOZ70

Issue of the Investec Limited Annual Financial Statements

The announcement is intended for the holders of debt instruments in Investec Limited only

The Annual Financial Statements of Investec Limited for the year ended 31 March 2026 are available for inspection at the
registered office of the Issuer, as well as on Investec's website at www.investec.com. There are no modifications to the
financial results for the year ended 31 March 2026, as published on 21 May 2026.

The Issuer wishes to advise that the audit report relating to these Annual Financial Statements is unqualified.
Under the 2002 contractual arrangements implementing the dual listed companies (DLC) structure, Investec Limited and
Investec plc, effectively form a single economic enterprise in which the economic and voting rights of shareholders are
equalised.

In accordance with this DLC structure the appropriate presentation under IFRS® Accounting Standards is achieved by
combining the results and the financial position of both companies using merger accounting principles. The Companies Act of
South Africa does not envisage a reporting structure such as the DLC structure. The combined consolidated financial
statements of Investec Limited and Investec plc are considered the statutory financial statements of Investec Limited and
Investec plc. Therefore, the annual financial statements of Investec Limited are prepared to present the financial position,
results and cash flows of Investec Limited and its directly owned subsidiaries in the absence of a DLC structure and are
prepared in terms of IFRS® Accounting Standards as if Investec Limited were a standalone component of the DLC structure.
Accordingly, from 2002 to date, the audit report in relation to Investec Limited contains an Emphasis of Matter dealing
specifically with the basis of presentation of these annual financial statements. While both the combined consolidated financial
statements and the Annual Financial Statements of Investec Limited are available for viewing on the Investec Group's website
www.investec.com, holders of debt instruments should note that only the annual financial statements of Issuer apply in respect
of Investec Limited's debt instruments.

Investec advises of the following restatements:
1. Presentation of derivatives and settlement balances on open trades
   The Group's application of the offsetting requirements of IAS 32 – Financial Instruments: Presentation was incorrectly
   implemented on certain derivative positions at 31 March 2025 and 31 March 2024. Restating the balance sheet at this date
   to offset these instruments resulted in a decrease in 'derivative financial instruments' assets and 'derivative financial
   instruments' liabilities.
   In addition, at 31 March 2025 and 31 March 2024, certain settlement debtors and creditors were presented net where there
   was no right to do so, and certain unsettled trades were not recognised. The balance sheet has therefore been restated at
   these dates to gross up these instruments appropriately. This resulted in changes to settlement debtors and creditors in
   'other assets' and 'other liabilities' respectively, as well as the traded instruments.
   This offsetting restatement was previously presented in the 30 September 2025 interim results, and has subsequently been
   revised for purposes of 31 March 2026 reporting as a result of the above offsetting matter identified in another business
   unit, to accurately reflect the impact thereof.
   These changes have no impact on the income statement, statement of changes in equity or cash flow statement (other than
   the consequential impact on operating assets and operating liabilities, due to the changes in the balance sheet line items).
  
2. Classification of gains
   Gains on certain financial instruments were inappropriately classified as fee and commission income and therefore did not
   reflect the substance of the underlying transactions. The comparative information has been restated accordingly.

The impact of the above restatements are disclosed in the Annual Financial Statements on Investec's website at
www.investec.com.

By order of the board
N van Wyk
Company Secretary
23 June 2026


For further information
Registered office
100 Grayston Drive
Sandown, Sandton, 2196

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196

Company Secretary
N van Wyk

JSE Debt Sponsor
Investec Bank Limited

Date: 23-06-2026 02:30:00
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