Attributable interests

Investec PLC
20 December 2004



Investec plc

20th December 2004

Investec plc
(Incorporated in the United Kingdom)
(Registration number 3633621)
Share code: INP ISIN code: GB0031773103

Directors' attributable interests in Investec plc

The Company has received notification that call options in respect of 123,935
Investec plc ordinary shares of £0.001 each written by Spurwing - P Investments
Limited ('Spurwing') were exercised on 20 December 2004 at a strike price of
£7.93 per ordinary share.

As a consequence certain directors' indirect beneficial interests in the
ordinary share capital of Investec plc have decreased as laid out in the table
below:

Director       Indirect beneficial       Percentage of issued    Price per
               interest                  class                   share

S.Koseff       7,493                     0.01%                   £7.93
B.Kantor       7,493                     0.01%                   £7.93
G.R.Burger     5,994                     < 0.01%                 £7.93
H.S.Herman     2,997                     < 0.01%                 £7.93
I.R.Kantor     7,493                     0.01%                   £7.93
P.R.S.Thomas   1,499                     < 0.01%                 £7.93

Following this notification, the above directors' total beneficial and
non-beneficial holdings and the total percentage interest those holdings
represent in the issued ordinary share capital of Investec plc are laid out in
the table below:

Director       Beneficial and non-beneficial     Percentage of ordinary share
               interests                         capital

S.Koseff       1,232,732                         1.65%
B.Kantor       122,900                           0.16%
G.R.Burger     731,087                           0.98%
H.S.Herman     437,001                           0.59%
I.R.Kantor     396,391                           0.53%
P.R.S.Thomas   154,743                           0.21%

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 directors of both entities, and 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 Listing Rules of the United Kingdom Listing Authority and
the JSE Listing Requirements.

Accordingly, as a consequence of the transaction detailed above, we further
advise the following:

In accordance with Rules 3.63 - 3.74 of the JSE Listing Requirements requiring
disclosure of dealings in securities of Investec plc and Investec Limited by the
directors of major subsidiaries of Investec Limited, the interests in the
ordinary share capital of Investec plc of the following directors of Investec
Bank Limited (a company incorporated in the Republic of South Africa) have
decreased as laid out in the table below as a result of the settlement by
Spurwing-P Investments Limited of the call options written as set out above:

Director              Beneficial and non-beneficial interests

D.M.Lawrence          2,997
B. Tapnack            1,499

Enquiries:

Richard Vardy
UK Group Company Secretary
[phone]


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