Transaction by PDMR in Investec Limited 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) across the group, 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 Guidance and Transparency Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE Listing Requirements. TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Henry Blumenthal 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 Limited b) LEI 213800CU7SM6O4UWOZ70 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 ZAR0.0002 each instrument, type of instrument Identification code ZAE000081949 b) Nature of the transaction On Market Sale of shares pursuant to the exercise and sale of nil cost options exercised. c) Price(s) and volume(s) Price(s) Volume(s) ZAR93.00 46,875 d) Aggregated information - Aggregated volume 46,875 - Price ZAR93.00 e) Date of the transaction 01/03/2019 f) Place of the transaction Johannesburg In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following additional information: Number of shares 46,875 Volume weighted average ZAR93.00 selling price Total value of transaction ZAR4,359,487.50 Highest price ZAR93.04 Lowest price ZAR93.00 Nature of interest Direct beneficial Date and place of transaction 01 March 2019, Johannesburg 04 March 2019 Sponsor: Investec Bank Limited Date: 04/03/2019 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.