Director/PDMR Shareholding

Investec PLC
23 November 2005



Investec plc - the Company


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


The Company received notification on the 23rd November 2005 of the following
transaction by Directors:

+-----------------------------------+------------------------------------------+
|Name of Director:                  |Hugh Herman                               |
+-----------------------------------+------------------------------------------+
|Transaction notified in terms of:  |UK Disclosure Rules ('DR') 3.1.4 R (1) (a)|
|                                   |and DR3.1.4 R (1) (b)                     |
+-----------------------------------+------------------------------------------+
|Date of transaction:               |22 November 2005                          |
+-----------------------------------+------------------------------------------+
|Class of shares:                   |Investec plc ordinary shares of £0.001    |
|                                   |each                                      |
+-----------------------------------+------------------------------------------+
|Nature of transaction:             |Sale of shares                            |
+-----------------------------------+------------------------------------------+
|Nature of interest:                |Direct Beneficial                         |
+-----------------------------------+------------------------------------------+
|Number of shares:                  |                                  60,000  |
+-----------------------------------+------------------------------------------+
|Percentage of issued class:        |0.08 per cent                             |
+-----------------------------------+------------------------------------------+
|Price per share:                   |ZAR 270.93                                |
+-----------------------------------+------------------------------------------+
|Place of transaction:              |Johannesburg                              |
+-----------------------------------+------------------------------------------+
|Total holding of issued class      |410, 288                                  |
|following notification:            |                                          |
+-----------------------------------+------------------------------------------+
|Percentage of issued class:        |0.54 per cent                             |
+-----------------------------------+------------------------------------------+



+-----------------------------------+------------------------------------------+
|Name of Director:                  |Bernard Kantor                            |
+-----------------------------------+------------------------------------------+
|Transaction notified in terms of:  |UK Disclosure Rules ('DR') 3.1.4 R (1) (a)|
|                                   |and DR3.1.4 R (1) (b)                     |
+-----------------------------------+------------------------------------------+
|Date of transaction:               |21 November 2005                          |
+-----------------------------------+------------------------------------------+
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|(i) Class of shares:               |Investec plc ordinary shares of £0.001    |
|                                   |each                                      |
+-----------------------------------+------------------------------------------+
|Nature of transaction:             |Purchase of shares                        |
+-----------------------------------+------------------------------------------+
|Nature of interest:                |Direct Beneficial                         |
+-----------------------------------+------------------------------------------+
|Number of shares:                  |                                      37  |
+-----------------------------------+------------------------------------------+
|Price per share:                   |ZAR 273.46                                |
+-----------------------------------+------------------------------------------+
|Place of transaction:              |Johannesburg                              |
+-----------------------------------+------------------------------------------+
|Percentage of issued class:        |>0.01 per cent                            |
+-----------------------------------+------------------------------------------+
|                                   |                                          |
+-----------------------------------+------------------------------------------+
|(ii) Class of shares:              |Investec plc ordinary shares              |
+-----------------------------------+------------------------------------------+
|Nature of transaction:             |Purchase of shares                        |
+-----------------------------------+------------------------------------------+
|Nature of interest:                |Indirect Non-beneficial                   |
+-----------------------------------+------------------------------------------+
|Number of shares:                  |                                      73  |
+-----------------------------------+------------------------------------------+
|Percentage of issued class:        |>0.01 per cent                            |
+-----------------------------------+------------------------------------------+
|Price per share:                   |ZAR 273.46                                |
+-----------------------------------+------------------------------------------+
|Place of transaction:              |Johannesburg                              |
+-----------------------------------+------------------------------------------+
|Total holding of issued class      |                                     273  |
|following notification:            |                                          |
+-----------------------------------+------------------------------------------+
|Percentage of issued class:        |0.031 per cent                            |
+-----------------------------------+------------------------------------------+



As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily notify both the London Stock Exchange and JSE Limited 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 transaction in the securities of
Investec Limited, a South African incorporated and listed company, by directors
of Investec plc and Investec Limited:


DIRECTORS DEALING IN SECURITIES


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


Investec Limited

(Incorporated in the Republic of South Africa)

(Reg no: 1925/002833/06)

Share code: INL

ISIN code: ZAE000040531

+----------------------------------+-------------------------------------------+
|Name of Director:                 |Hugh Herman                                |
+----------------------------------+-------------------------------------------+
|Date of transaction:              |22 November 2005                           |
+----------------------------------+-------------------------------------------+
|Class of shares:                  |Investec Ltd ordinary shares               |
+----------------------------------+-------------------------------------------+
|Nature of transaction:            |Sale of shares                             |
+----------------------------------+-------------------------------------------+
|Nature of interest:               |Direct Beneficial                          |
+----------------------------------+-------------------------------------------+
|Number of shares:                 |                                   40,000  |
+----------------------------------+-------------------------------------------+
|Price per share:                  |ZAR 265.79                                 |
+----------------------------------+-------------------------------------------+
|Place of transaction:             |Johannesburg                               |
+----------------------------------+-------------------------------------------+



+----------------------------------+-------------------------------------------+
|Name of Director:                 |Bernard Kantor                             |
+----------------------------------+-------------------------------------------+
|Date of transaction:              |21 November 2005                           |
+----------------------------------+-------------------------------------------+
|(i) Class of shares:              |Investec Ltd ordinary shares               |
+----------------------------------+-------------------------------------------+
|Nature of transaction:            |Purchase of shares                         |
+----------------------------------+-------------------------------------------+
|Nature of interest:               |Direct Beneficial                          |
+----------------------------------+-------------------------------------------+
|Number of shares:                 |                                       63  |
+----------------------------------+-------------------------------------------+
|Price per share:                  |ZAR 269.95                                 |
+----------------------------------+-------------------------------------------+
|Place of transaction:             |Johannesburg                               |
+----------------------------------+-------------------------------------------+
|(ii) Class of shares:             |Investec Ltd ordinary shares               |
+----------------------------------+-------------------------------------------+
|Nature of transaction:            |Purchase of shares                         |
+----------------------------------+-------------------------------------------+
|Nature of interest:               |Indirect Non-beneficial                    |
+----------------------------------+-------------------------------------------+
|Number of shares:                 |                                       84  |
+----------------------------------+-------------------------------------------+
|Price per share:                  |ZAR 269.95                                 |
+----------------------------------+-------------------------------------------+
|Place of transaction:             |Johannesburg                               |
+----------------------------------+-------------------------------------------+


Johannesburg

23 November 2005

Sponsor:

Investec Bank Limited


Enquiries:


Richard Vardy

Company Secretary

[phone]








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