Director/PDMR Shareholding

Investec plc - the Company

(Incorporated in the United Kingdom)

(Registration number: 363621)

Share Code: INP

ISIN: GB0031773103

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
('PDMR') OR CONNECTED PERSONS

The Company received notification on the 8th September 2005 of the following
transaction by a PDMR:

Name of PDMR:                Andrew Leith                                      
                                                                               
Transaction notified in      DR3.1.4R(1)(a)                                    
terms of :                                                                     
                                                                               
Date and place of            7 September 2005, Johannesburg, South Africa      
transaction:                                                                   
                                                                               
Shares:                      Investec plc ordinary shares of GBP 0.001 each    
                                                                               
Nature of transaction:       Sale of shares pursuant to exercise of options    
                                                                               
Exercise price:              ZAR164.50 per share                               
                                                                               
Transaction price:           ZAR237.28 per share                               
                                                                               
Number of shares:            15,750                                            

As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily 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 across the group, and (iii) in certain instances the directors
of significant subsidiaries of Investec Limited, in the securities of Investec
plc and Investec Limited which are required to be disclosed under the
Disclosure Rules of the United Kingdom Listing Authority and/or the JSE Listing
Requirements.

Accordingly, we advise of the following transaction in the securities of
Investec Limited, a South African incorporated and listed company, by a PDMR of
Investec plc:

Name of PDMR:                Andrew Leith                                      
                                                                               
Transaction notified in      DR3.1.4R(1)(a)                                    
terms of :                                                                     
                                                                               
Date and place of            7 September 2005, Johannesburg, South Africa      
transaction:                                                                   
                                                                               
Shares:                      Investec Limited ordinary shares of ZAR0.001 each 
                                                                               
Nature of transaction:       Sale of shares pursuant to exercise of options    
                                                                               
Exercise price:              ZAR164.50 per share                               
                                                                               
Transaction price:           ZAR 232.00 per share                              
                                                                               
Number of shares:            9,250                                             

Enquiries:

Richard Vardy

UK Group Company Secretary

[phone]