Holding(s) in Company

Investec PLC
18 November 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     INVESTEC PLC 

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     OLD MUTUAL PLC 

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE. 

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them. 

     PLEASE SEE BELOW 

5)   Number of shares/amount of stock acquired. 

     N/A 

6)   ( N/A %) of issued Class 

7)   Number of shares/amount of stock disposed

     1,052,002

8)   (1.4%) of issued Class

9)   Class of security

     ORDINARY SHARES OF £0.001 EACH

10)  Date of transaction

     12.11.02

11)  Date company informed

     18.11.02

12)  Total holding following this notification

     12,655,038 ORDINARY SHARES OF £0.001 EACH.
                
13)  Total percentage holding of issued class following this notification 

     16.96% 

14)  Any additional information 

     N/A

15)  Name of contact and telephone number for queries 

     Mr R. VARDY, COMPANY SECRETARY 
     020 7597 4485

16)  Name and signature of authorised company official responsible for  
     making this notification 

     KERRY THOMAS
     DEPUTY GROUP SECRETARY

     Date of Notification .....18 NOVEMBER 2002................... 



INTERESTS IN INVESTEC PLC BY OLD MUTUAL COMPANIES (OLD MUTUAL INTERESTS *)

HOLDING         REGISTERED HOLDER            INVESTMENT MANAGER/COMPANY  
ORDINARY SHARES

  6810930       *OLD MUTUAL LIFE ASSURANCE   *OLD MUTUAL ASSET MANAGERS    9.13%
                COMPANY (SOUTH AFRICA) LTD   (SOUTH AFRICA) (PTY) LTD     

   412220       *OLD MUTUAL UNIT TRUSTS      *OLD MUTUAL ASSET MANAGERS    0.55%
                (SA) LTD                     (SOUTH AFRICA) (PTY) LTD     

    24364       *OMNIBON NO.13 (PTY) LTD     *OLD MUTUAL ASSET MANAGERS    0.03%
                                             (SOUTH AFRICA) (PTY) LTD

  3061893       *OLD MUTUAL ASSET MANAGERS   *OLD MUTUAL ASSET MANAGERS    4.1%
                (SOUTH AFRICA) LTD           (SOUTH AFRICA) (PTY) LTD     
                (MANAGED FUND CLIENT ASSETS)

   143762       *OLD MUTUAL LIFE ASSURANCE   *OLD MUTUAL ASSET MANAGERS    0.19%
                COMPANY (NAMIBIA) LTD        (NAMIBIA) (PTY) LTD          

    68133       *OLD MUTUAL ASSET MANAGERS   *OLD MUTUAL ASSET MANAGERS    0.09%
                (NAMIBIA) LTD                (NAMIBIA) (PTY) LTD          
                (MANAGED FUND CLIENT ASSETS)

   206067       *OLD MUTUAL GLOBAL ASSET     *OLD MUTUAL ASSET MANAGERS    0.28%
                 FUND                        (BERMUDA) LTD

   423300       *OLD MUTUAL SOUTH AFRICAN    *OLD MUTUAL ASSET MANAGERS    0.57%
                TRUST                        (BERMUDA) LTD

   138000       *NEDCOR BANK NOMINEES LTD    *BOE ASSET MANAGEMENT         0.18%
                                             LIMITED

   563810       STANDARD BANK NOMINEES LTD   *BOE ASSET MANAGEMENT         0.76%
                                             LIMITED

     5545       COMPUTERSHARE NOMINEES       *BOE ASSET MANAGEMENT LIMITED 0.01%

   165900       ABSA NOMINEES                *BOE ASSET MANAGEMENT LIMITED 0.22%

    30870       *CGU INSURANCE LTD (PART OF  *MUTUAL & FEDERAL LTD         0.04%
                MUTUAL & FEDERAL GROUP)                                         

    12600       *SENTRASURE LTD (PART OF     *MUTUAL & FEDERAL LTD         0.02%
                MUTUAL & FEDERAL GROUP)                                        
 
   403418      *NEDCOR NOMINEES LTD          *NEDCOR INVESTMENT BANK LTD   0.54%

   160189      STANDARD BANK NOMINEES LTD    *NEDCOR INVESTMENT BANK LTD   0.21%

    17514      *NIBI NOMINEES                *NIB LIFE                     0.02%

     2602      *MARSER NOMINEES              *NEDCOR INVESTMENT BANK LTD  0.003%

     2688      *SYFRETS NOMINEES             *SYFRETS SECURITIES          0.004%

      288      HSBC GLOBAL CUSTODY (UK)      *OLD MUTUAL ASSET MANAGERS  0.0003%
               LTD NOMINEES                  (UK) LTD.

      945      *ACADIAN ASSET MANAGEMENT     *ACADIAN ASSET MANAGEMENT    0.001%

 12655038      TOTAL ORDINARY SHARES                                      16.94%


As disclosed via RNS on 24th September, aggregate holdings were 18.37%
As at 14th October (estimate) aggregate holdings (not disclosed) were 17.99%

                      This information is provided by RNS 
            The company news service from the London Stock Exchange 

END 

HOLFFIFEASESEEF