Investec PLC
18 October 2007
Investec Limited Investec plc
Incorporated in the Republic of Incorporated in England and Wales
South Africa Registration number 3633621
Registration number 1925/002833/06 JSE share code: INP
JSE share code: INL ISIN: GB00B17BBQ50
ISIN: ZAE000081949
As part of the dual listed company ('DLC') structure, disclosures made pursuant
to requirements applicable to the London Stock Exchange or the JSE Limited are
released on both exchanges.
DISPOSAL OF THE PROPERTY FUND MANAGEMENT AND PROPERTY ADMINISTRATION BUSINESSES
OF INVESTEC PROPERTY GROUP LIMITED
It was announced on 30 May 2007 that Investec Property Group Limited ('IPG') had
agreed to dispose of its property fund management business and its property
administration business as a going concern to Growthpoint Properties Limited
('Growthpoint') subject to, inter alia, the granting of all regulatory approvals
as may be required from various authorities including the Competition
Authorities.
The Competition Tribunal has now approved the above transaction subject to the
removal of certain restraint terms and extension provisions in terms of which
Growthpoint was restricted from entering into property development transactions
and IPG from establishing a competing property administration and property asset
management business. Accordingly, the transaction is now unconditional.
London and Johannesburg
18 October 2007
Sponsor:
Investec Bank Limited
This information is provided by RNS
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