Director Shareholding

Investec PLC
24 September 2003

Investec plc
(Incorporated in the United Kingdom)
(Registration number 3633621)
Share code: INP ISIN: GB0031773103
        
       NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Executive Director: GR Burger
Nature of transaction:  Sale of shares
Nature of interest:   Indirect beneficial
Date:     19 September 2003
Date company informed: 23 September 2003
Price:     ZAR102.50
Amount:    33,490
Percentage of issued class: 0.045%
Investec plc ordinary shares of £0.001 each

Nature of transaction:  Purchase of shares
Nature of interest:  Indirect beneficial
Date:     22 September 2003
Date company informed: 23 September 2003
Price:     ZAR10.84 plus a future liability of ZAR79.00 per share
Amount:    33,490
Investec plc ordinary shares of £0.001 each in respect of which the rights to
dividends have been waived

2. Executive Director: S Koseff
Nature of transaction:  Sale of shares
Nature of interest:   Indirect non-beneficial
Date:     19 September 2003
Date company informed: 23 September 2003
Price:     ZAR102.50
Amount:    44,654
Percentage of issued class: 0.059%
Investec plc ordinary shares of £0.001 each

Nature of transaction:  Purchase of shares
Nature of interest:  Indirect non-beneficial
Date:     22 September 2003
Date company informed: 23 September 2003
Price:     ZAR10.84 plus a future liability of ZAR79.00 per share
Amount:    44,654
Investec plc ordinary shares of £0.001 each in respect of which the rights to
dividends have been waived

3. Executive Director: B Kantor
Nature of transaction:  Sale of shares
Nature of interest:   Indirect beneficial
Date:     19 September 2003
Date company informed: 23 September 2003
Price:     ZAR102.50
Amount:    44,654
Percentage of issued class: 0.059%
Investec plc ordinary shares of £0.001 each

Nature of transaction:  Purchase of shares
Nature of interest:  Indirect beneficial
Date:     22 September 2003
Date company informed: 23 September 2003
Price:     ZAR10.84 plus a future liability of ZAR79.00 per share
Amount:    44,654
Investec plc ordinary shares of £0.001 each in respect of which the rights to
dividends have been waived

Following this notification, the directors total beneficial and non-beneficial
holdings and the total percentage holdings of Investec plc ordinary shares of
£0.001 each are as set out in the table below:


Director    Beneficial and non-beneficial       Percentage of issued
            holdings                            class

S.Koseff    1,108,249                           1.485%

B.Kantor    696,115                             0.933%

G.Burger    676,865                             0.907%


Enquiries:

Investec plc
Richard Vardy, UK Group Company Secretary
0207 597 4485



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