Issue of preference shares

Investec PLC
18 January 2007


Investec Limited                              Investec plc
Incorporated in the Republic of South Africa  Incorporated in England and Wales
Registration number 1925/002833/06            Registration number 3633621
JSE share code: INL                           JSE share code: INP
ISIN: ZAE000081949                            ISIN: GB00B17BBQ50


As part of the dual listed company ('DLC') structure, Investec plc and Investec
Limited notify both the London Stock Exchange and the JSE Limited of matters
which are required to be disclosed under the Disclosure and Listing Rules of the
United Kingdom Listing Authority (the 'UKLA') and/or the JSE Listing
Requirements.


INVESTEC PLC NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE SHARES
OF GBP0.01 EACH (THE 'PERPETUAL PREFERENCE SHARES')


Investec plc advises that it intends to raise up to GBP20 million through the
placing in Jersey, Guernsey and the Isle of Man, of up to 2.25 million Perpetual
Preference Shares (the 'Placing Shares'). Application will be made to list the
Placing Shares on both the Channel Islands Stock Exchange ('CISX') and the JSE.


A prospectus has today been made available in Jersey, Guernsey and the Isle of
Man setting out particulars given in compliance with the Listing Rules of the
CISX in respect of the placing and giving information with regard to Investec
plc and the salient features of the Placing Shares.


No action has been or will be taken in any jurisdiction, except Jersey, Guernsey
and the Isle of Man that would permit a public offering of the Perpetual
Preference Shares, or possession or distribution of the prospectus referred to
above in any country or jurisidiction, other than Jersey, Guernsey and the Isle
of Man, where action for that purpose is required.

London and Johannesburg
18 January 2007

Investment Bank and Sponsor:
Investec Bank Limited


This announcement is not for distribution, directly or indirectly, in or into
the United States (including its territories and dependencies, any State of the
United States and the District of Columbia), Australia, Canada or Japan. These
materials do not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States. The preference shares
mentioned herein have not been, and will not be, registered under the United
States Securities Act of 1933 (the 'Securities Act'). The Perpetual Preference
Shares may not be offered or sold within the United States except pursuant to an
exemption from the registration requirements of the Securities Act. There will
be no public offer of securities in the United States. No prospectus has been
published in respect of the preference shares in any Relevant Member State and,
save for certain exceptions, the Perpetual Preference Shares may not be offered
or sold to the public in any Relevant Member State.




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