INL-Dividend Determination

Investec plc - the Company

(Incorporated in England and Wales)

(Registration number: 363621)

Share Code: INP

ISIN: GB0031773103

Investec plc and Investec Limited ('Investec' or 'the group')

12 October 2005

As part of the Dual Listed Company Structure (the DLC Structure), Investec plc
and Investec Limited voluntarily release announcements which are required to be
disclosed under the Disclosure, Listing and Prospectus Rules of the United
Kingdom Listing Authority and/or the JSE Listing Requirements to both the
London Stock Exchange and JSE Limited .

Accordingly, we advise of the following announcement released by Investec
Limited to the JSE Limited:

Basis for determining the Investec Limited dividend

Investec would like to inform shareholders that the Investec Limited dividend
will be determined by converting the Investec plc distribution per ordinary
share into Rands using the average Rand/Pounds Sterling buy/sell forward
exchange rate and no longer the average Rand/Pounds Sterling spot rate, as at
11h00 (South African time) on the day before the group releases interim/final
results. This will apply to all dividends declared after today's date.

For queries please contact:

Investec Investor Relations

Tel: [phone]

Tel: [phone]

e-mail: [e-mail]