TR-1: Standard form for notification of major holdings 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 (jointly “Investec”) 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 Listings Requirements. Accordingly, we advise of the receipt of the following TR-1 notification: TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Investec Plc tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Prudential Portfolio Managers (South Africa) (Pty) Name Ltd (on behalf of its underlying clients) City and country of registered office (if applicable) Cape Town, South Africa 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 15 June 2020 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 17 June 2020 1 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights at- Total number of through financial instru- Total of both in % tached to shares (to- voting rights of is- ments (8.A + 8.B) tal of 8. A) suervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which threshold was 10.02% 0.00% 10.02% 696,083,000 crossed or reached Position of previous notification (if 9.94% 0.00% 9.94% applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) Ord 69,752,320 10.02% GB00B17BBQ50 SUBTOTAL 8. A B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial in- Expiration Exercise/ that may be acquired if % of voting rights strument datex Conversion Periodxi the instrument is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of financial Expiration Number of Conversion Pe- cash % of voting rights instrument datex voting rights riod xi settlementxii SUBTOTAL 8.B.2 2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv X (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial in- equals or is higher equals or is higher Namexv struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold Prudential Portfolio Manag- ers (South Africa) (PTY) 10.02% 0.00% 10.02% Ltd Prudential Investment Managers (South Africa) (PTY) Ltd (wholly owned 10.02% 0.00% 10.02% subsidiary of Prudential Portfolio Managers (South Africa) (PTY) Ltd 10. In case of proxy voting, please identify: Name of the proxy holder N/A The number and % of voting rights held N/A The date until which the voting rights will be held N/A 11. Additional informationxvi Place of completion Cape Town South Africa Date of completion 17 June 2020 Johannesburg and London 18 June 2020 Sponsor: Investec Bank Limited 3 Date: 18-06-2020 11:00:00 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.