INVESTEC LIMITED - Investec Group Board Executive Director Changes

Release Date: 25/03/2019 17:00
Code(s): INL INP
 
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Investec Group Board Executive Director Changes

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 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 the Listing Rules of the United Kingdom
Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

Accordingly we advise of the following:

Investec (“the Group”, comprising of Investec Limited and Investec plc)

Board changes

Following the Group’s announcement on management succession made in February 2018 and
the announcement made on 14 September 2018 with respect to the proposed demerger and
listing of Investec Asset Management (“the Transaction”), the Board wishes to confirm the
following director changes.

Investec Limited and Investec plc Board Executive Director changes

As previously announced and as part of the Group’s orderly succession plan to move from
founding members to the next generation of leadership, Glynn Burger, Group Risk and Finance
Director, will retire from the Boards on 31 March 2019. The Board would like to thank Glynn for
his exemplary service, dedication and commitment to the Group since the 1980s.

As of 1 April 2019, Nishlan Samujh, currently the Chief Finance Officer of the Investec Group will
take responsibility for the Group Finance Director role and will be appointed as an executive
director of the Investec Limited and Investec plc Board.

Ciaran Whelan, who has held various senior positions globally with the Investec group over the
past 30 years, and who is currently Global Joint Head of the Specialist Bank and Global Head of
Private Banking, will assume Glynn Burger’s role as Global Head of Risk in an acting capacity
pending regulatory approval.

Following these changes, the Executive Directors of the Investec plc and Investec Limited boards
will be: Fani Titi and Hendrik du Toit (Joint-CEOs), Stephen Koseff, Bernard Kantor, Kim
McFarland and Nishlan Samujh. The Board congratulates the new executive team on their
appointments.

Save for the information provided above, there are no further details required to be disclosed by
Rule 9.6.13 of the UK Listing Rules.

For further information please contact
Investec Investor Relations
investorrelations@investec.com
Tel: +27 (11) 286 7070 or +44 (207) 597 5546


About Investec
Investec is an international specialist bank and asset manager that provides a diverse range of
financial products and services to a select client base in three principal markets, the UK and
Europe, South Africa and Asia/Australia as well as certain other countries. The Group was
established in 1974 and has approximately 10 100 employees.

Investec focuses on delivering distinctive profitable solutions for its clients in three core areas of
activity namely, Asset Management, Wealth & Investment and Specialist Banking.

In July 2002 the Investec group implemented a dual listed company structure with listings on the
London and Johannesburg Stock Exchanges. The combined Group’s current market
capitalisation is approximately GBP5.5 billion.

Johannesburg and London
25 March 2019
Sponsor: Investec Bank Limited

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