Transactions by PDMRs 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”) 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 Listing Rules and the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE Listings Requirements. TRANSACTIONS BY PDMRS IN INVESTEC LIMITED ORDINARY SHARES 1 Details of the PDMR a) Name Henry Blumenthal 2 Reason for the notification a) Position/status PDMR b) Initial notification Initial Notification /Amendment 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 following the release of forfeitable shares c) Price(s) and volume(s) Price(s) Volume(s) ZAR80.85 21,772 d) Aggregated information - Aggregated volume 21,722 - Price ZAR80.85 e) Date of the transaction 05 September 2019 f) Place of the transaction Johannesburg In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price ZAR80.85 per share Total value of transaction ZAR1,760,266.20 Highest price ZAR80.05 Lowest price ZAR80.05 Nature of interest Direct beneficial 1 Details of the PDMR a) Name Marc Kahn 2 Reason for the notification a) Position/status PDMR b) Initial notification Initial Notification /Amendment 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 following the exercise and sale of nil cost options c) Price(s) and volume(s) Price(s) Volume(s) ZAR81.55 25,000 d) Aggregated information - Aggregated volume 25,000 - Price ZAR81.55 e) Date of the transaction 05 September 2019 f) Place of the transaction Johannesburg In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price ZAR81.55 per share Total value of transaction ZAR2,038,750.00 Highest price ZAR81.55 Lowest price ZAR81.55 Nature of interest Direct beneficial Clearance was obtained for the above dealings in securities. Johannesburg and London 06 September 2019 Sponsor: Investec Bank Limited Date: 06/09/2019 04:00:00 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.