Director/PDMR Shareholding

RNS Number : 7704Z

Investec PLC

31 May 2016

Investec Limited

Incorporated in the Republic of South Africa

Registration number 1925/002833/06

JSE ordinary share code: INL

NSX ordinary share code: IVD

BSE ordinary 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.

On 31 May 2016, Investec received notification on of the following transaction as detailed below:

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH

Transactions by a Director - Bernard Kantor

We advise of the following changes to attributable interests in the ordinary shares of Investec plc in compliance with Rule 3.1.4R(1)(a) and (c) of the UKLA's Disclosure and Transparency Rules:

As announced on 29 May 2014, Investec made, on 27 May 2014, 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") as follows:

Executive Directors	Number of forfeitable shares
Bernard Kantor	305,427

These forfeitable share awards vested as follows: 25% 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.

Accordingly, 25% of the forfeitable shares have now vested, immediately incurring a tax liability and we set out below details of the forfeitable shares disposed of on 27 May 2016 in order to settle that tax liability:

Nature of transaction	On market sale
Number of Securities	34,430
Volume weighted average selling price	GBP4.85
Total value of transaction	GBP167,104.77
Highest price	GPB4.86
Lowest price	GBP4.85
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2016, London

Following the transaction above, Mr. Bernard Kantor holds 798,227 Investec plc ordinary shares representing 0.13% of the total issued ordinary share capital of Investec plc. In addition, Mr. Bernard Kantor also holds 2,800,500 Investec Limited ordinary shares representing 0.96% of the total issued ordinary share capital of Investec Limited.

Transactions by a Director - Ian Kantor

The following on market sales are notified in terms of Rules 3.1.4R(1)(a) and (c) of the UKLA's Disclosure and Transparency Rules.

Number of Securities	100,000
Volume weighted average price	GBP4.86
Total value of transaction	GBP486,120
Highest price	GBP4.87
Lowest price	GBP4.86
Nature of interest	Indirect beneficial
Date and place of transaction	27 May 2016 London

Following the transaction above, Mr. Ian Kantor holds 3,409,045 Investec plc ordinary shares representing 0.6% of the total issued ordinary share capital of Investec plc. In addition to the holdings in Investec plc ordinary shares disclosed above, Mr. Ian Kantor also holds 325 Investec Limited ordinary shares representing <0.01% of the total issued ordinary share capital of Investec Limited.

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH

Transactions by a PDMR - Marc Kahn

The following on market sales are notified in terms of Rule 3.1.4R(1)(a) of the UKLA's Disclosure and Transparency Rules.

Number of Securities	8,908
Volume weighted average price	ZAR109.76
Total value of transaction	ZAR977,738.52
Highest price	ZAR109.90
Lowest price	ZAR109.70
Nature of interest	Sale of shares pursuant to vesting and release of forfeitable shares in terms of the Investec Limited Share Incentive Plan
Date and place of transaction	27 May 2016 Johannesburg