Director/PDMR Shareholding

RNS Number : 2128M

Investec PLC

11 August 2011

Investec Limited

Incorporated in the Republic of South Africa

Registration number 1925/002833/06

JSE share code: INL

ISIN: ZAE000081949

Investec plc

Incorporated in England and Wales

Registration number 3633621

JSE share code: INP

ISIN: GB00B17BBQ50

As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") 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 (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH.

Dealings by a Director of Investec plc and Investec Limited - Peter Malungani

As announced on 15 May, 2003, Investec Limited entered into various black economic empowerment transactions (the "BEE Transaction") as part of their commitment to broadening both the ownership and representative components of black economic empowerment.

In 2003 the BEE Transaction required financing arrangements that facilitated the purchase of Investec Limited ordinary shares. This was an eight year transaction which has matured and some of the parties to the BEE Transaction have agreed to a refinancing of these arrangements which results in various transactions in relation to both Investec Limited and Investec plc ordinary shares.

After the conclusion of this refinancing, the Entrepreneurship Development Trust will hold 23,001,108 Investec Limited ordinary shares (shareholding as at 31 March 2011: 14,000,000) and Tiso INL Investments 1 (Pty) Limited (a 100% held company by Kagiso Tiso Holdings Limited) will hold 7,062,635 Investec Limited ordinary shares (shareholding as at 31 March 2011: 14,000,000) and Peu INL Investments 1 (Pty) Limited (a 100% held company by Peu Group Limited) will hold zero Investec Limited ordinary shares (shareholding as at 31 March 2011:5,555,555).

As a result of these transactions, Investec Limited received notification on 11 August 2011 that Peu Group Pty Limited ("Peu"), one of the BEE parties being a wholly black-owned and managed investment holding company led by Mr Peter Malungani, a director of Investec Limited, Investec plc and Investec Bank Limited, has unwound its remaining interest in Investec Limited.

As a consequence of this transaction by Peu, the following information in relation to Mr Malungani's interests in Investec Limited is disclosed:

Sale of shares:

Nature of transaction	Reduction in attributable interest as a result of the disposal by Peu of 5,555,555 Investec Limited ordinary shares
Number of Securities	3,288,890
Volume weighted average selling price	ZAR51.55
Total value of transaction	ZAR169, 542, 279
Highest price	ZAR51.55
Lowest price	ZAR51.55
Nature of interest	Indirect beneficial
Date and place of transaction	11 August, 2011: Johannesburg