Director/PDMR Shareholding

Investec plc - the Company

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
('PDMR') OR CONNECTED PERSONS

The Company received notification on the 5th August 2005 of the following
transactions by PDMRs:

Name of PDMR:                David van der Walt                                
                                                                               
Transaction notified in      UK Disclosure Rules ('DR')3.1.4R(1)(a) and        
terms of :                   DR3.1.4.R(1)(b)                                   
                                                                               
Date of transaction:         2 August 2005                                     
                                                                               
Shares:                      Investec plc ordinary shares of GBP 0.001 each    
                                                                               
Nature of transaction:       Sale of shares pursuant to exercise of options    
                                                                               
Exercise price:              GBP 10.52 per share                               
                                                                               
Transaction price:           GBP 18.71 per share                               
                                                                               
Number of shares:            15,750                                            
                                                                               
Place of transaction:        Johannesburg                                      


Name of PDMR:                David van der Walt                                
                                                                               
Transaction notified in      DR3.1.4R(1)(a) and DR3.1.4.R(1)(b)                
terms of :                                                                     
                                                                               
Date of transaction:         3 August 2005                                     
                                                                               
Shares:                      Investec plc ordinary shares of GBP 0.001 each    
                                                                               
Nature of transaction:       Sale of shares                                    
                                                                               
Transaction price:           ZAR 221.82 per share                              
                                                                               
Number of shares:            949                                               
                                                                               
Place of transaction:        Johannesburg                                      


Name of PDMR:                Steven Heilbron                                   
                                                                               
Transaction notified in      DR3.1.4R(1)(a)                                    
terms of :                                                                     
                                                                               
Date of transaction:         3 August 2005                                     
                                                                               
Shares:                      Investec plc ordinary shares of GBP 0.001 each    
                                                                               
Nature of transaction:       Sale of shares                                    
                                                                               
Transaction price:           ZAR 221.82 per share                              
                                                                               
Number of shares:            5,962                                             
                                                                               
Place of transaction:        Johannesburg                                      


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 (i) directors of both entities
and the respective company secretaries, (ii) persons discharging managerial
responsibilities across the group, and (iii) 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
Disclosure Rules of the United Kingdom Listing Authority and/or the JSE Listing
Requirements.

Accordingly, we advise of the following transactions: (i) in the securities of
Investec Limited, a South African incorporated and listed company, by PDMRs of
Investec plc and (ii) in the securities of Investec plc and Investec Limited by
a director of Investec Employee Benefits Limited, a South African incorporated
company and a major subsidiary of Investec Limited.

(i) Transactions in the securities of Investec Limited by PDMRs of Investec
plc:

Name of PDMR               David van der Walt                                  
                                                                               
Date of transaction:       2 August 2005                                       
                                                                               
Shares:                    Investec Limited ordinary shares of ZAR 0.001 each  
                                                                               
Nature of transaction:     Sale of shares pursuant to exercise of options      
                                                                               
Exercise price:            ZAR 164.50 per share                                
                                                                               
Transaction price:         ZAR 213.50 per share                                
                                                                               
Number of shares:          9, 250                                              
                                                                               
Place of transaction:      Johannesburg                                        


Name of PDMR:              David van der Walt                                  
                                                                               
Date of transaction:       3 August 2005                                       
                                                                               
Shares:                    Investec Limited ordinary shares of ZAR 0.001 each  
                                                                               
Nature of transaction:     Sale of shares                                      
                                                                               
Transaction price:         ZAR 217.50 per share                                
                                                                               
Number of shares:          215                                                 
                                                                               
Place of transaction:      Johannesburg                                        


Name of PDMR:              Steven Heilbron                                     
                                                                               
Date of transaction:       3 August 2005                                       
                                                                               
Shares:                    Investec Limited ordinary shares of ZAR 0.001 each  
                                                                               
Nature of transaction:     Sale of shares                                      
                                                                               
Transaction price:         ZAR 217.55 per share                                
                                                                               
Number of shares:          3,502                                               
                                                                               
Place of transaction:      Johannesburg                                        


(ii) Transactions by a director of a major subsidiary of Investec Limited:

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:

Director of a major subsidiary  Ademola Animashahun                     
                                                                        
Nature of transaction           Sale of shares pursuant to exercise of  
                                options                                 
                                                                        
Share                           Investec plc shares                     
                                                                        
No of shares                    1,969                                   
                                                                        
Exercise price                  ZAR 164.50 per share                    
                                                                        
Transaction price               ZAR 224.53 per share                    
                                                                        
Date of transaction             4 August 2005                           
                                                                        
Nature of transaction           Sale of shares pursuant to exercise of  
                                options                                 
                                                                        
Share                           Investec plc ordinary shares of GBP 0.001 each                    
                                                                        
No of shares                    454                                     
                                                                        
Exercise price                  ZAR 170.00 per share                    
                                                                        
Transaction price               ZAR 224.53 per share                    
                                                                        
Date of transaction             4 August 2005                           
                                                                        
Nature of transaction           Sale of shares pursuant to exercise of  
                                options                                 
                                                                        
Share                           Investec Limited ordinary shares of ZAR 0.001 each                 
                                                                        
No of shares                    1,156                                   
                                                                        
Exercise price                  ZAR 164.50 per share                    
                                                                        
Transaction price               ZAR 220.50 per share                    
                                                                        
Date of transaction             4 August 2005                           
                                                                        
Nature of transaction           Sale of shares pursuant to exercise of  
                                options                                 
                                                                        
Share                           Investec Limited ordinary shares of ZAR 0.001 each                
                                                                        
No of shares                    267                                     
                                                                        
Exercise price                  ZAR 170.00 per share                    
                                                                        
Transaction price               ZAR 220.50 per share                    
                                                                        
Date of transaction             4 August 2005                           


Enquiries:

Richard Vardy

UK Group Company Secretary

[phone]