Director/PDMR Shareholding

RNS Number : 3365I

Investec PLC

29 May 2014

Investec Limited

Incorporated in the Republic of South Africa

Registration number 1925/002833/06

JSE share code: INL

NSX share code: IVD

BSE share code: INVESTEC

ISIN: ZAE000081949

Investec plc

Incorporated in England and Wales

Registration number 3633621

LSE share code: INVP

JSE share code: INP

ISIN: GB00B17BBQ50

(together "Investec")

As part of the dual listed company structure, Investec plc and Investec Limited 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.

Accordingly, we advise of the following changes to attributable interests in the ordinary shares of Investec plc and Investec Limited:

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")

Award of forfeitable shares to the executive directors

On the 27 May 2014, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These forfeitable share awards vest as follows: 25% will vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting in three equal tranches (each subject to a six month retention period) over a three year period from the date of award:

Executive Directors	Number of forfeitable shares
Stephen Koseff	305,427
Bernard Kantor	305,427
Glynn Burger	274,419

The forfeitable shares which vest immediately on award (25%) incur a tax liability. In order to settle this liability the executive directors disposed of the following number of forfeitable shares on 27 May 2014:

Dealings in the securities of Investec plc by a director - Mr Bernard Kantor Bottom of Form

Transaction notified in terms of:	DTR3.1.4R(1)(a)
Security	Investec plc ordinary shares of GBP0.0002 each
Nature of transaction	On market sale
Number of shares	36,057
Volume weighted average selling price	GBP 5.0461
Total value of transaction	GBP 181,947.01
Highest price	GBP 5.055
Lowest price	GBP 5.035
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2014, London



Dealings in the securities of Investec plc by a director - Mr Glynn Burger

Transaction notified in terms of:	DTR3.1.4R(1)(a)
Security	Investec plc ordinary shares of GBP0.0002 each
Nature of transaction	On market sale
Number of shares	31,028
Volume weighted average selling price	GBP 5.0372
Total value of transaction	GBP 156,294.92
Highest price	GBP 5.055
Lowest price	GBP 5.035
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2014, London

Following the above transactions, the executive directors' interests in the ordinary share capital of Investec plc is as follows:

Executive Directors	Aggregate holding after these transactions
Stephen Koseff	4,894,782
Bernard Kantor	327,350
Glynn Burger	2,645,526

Award of nil cost options in Investec plc ordinary shares

On the 27 May 2014, Investec made awards in respect of nil cost options in the capital of Investec plc for nil consideration pursuant to its Long Term Incentive Plan ("LTIP"). In terms of the LTIP plan rules, 75% of the options are exercisable on 27 May 2018 and the remaining 25% of the options are exercisable on 27 May 2019, on condition that the participant is still employed by Investec. The awards are in accordance with the determination of the Remuneration Committee and with the rules of the LTIP plan.

In accordance with Disclosure and Transparency Rules ("DTR") 3.1.4R (1) (a), Investec plc advises of the following changes to the interests in Investec shares by PDMRs

PDMR	NUMBER OF OPTIONS AWARDED
Stephen Elliott	175,000
David van der Walt	175,000
Allen Zimbler	100,000

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec plc by the Company Secretary:

	NUMBER OF OPTIONS AWARDED
David Miller	25,000

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")

Award of nil cost options in Investec Limited ordinary shares

On the 27 May 2014, Investec made awards in respect of nil cost options in the capital of Investec Limited for nil consideration pursuant to its Long Term Incentive Plan ("LTIP"). In terms of the LTIP plan rules, 75% of the options are exercisable on 27 May 2018 and the remaining 25% of the options are exercisable on 27 May 2019, on condition that the participant is still employed by Investec. The awards are in accordance with the determination of the Remuneration Committee and with the rules of the LTIP plan.

In accordance with Disclosure and Transparency Rules ("DTR") 3.1.4R (1) (a) Investec plc advises of the following transactions by PDMRs: