Director Shareholding

Investec PLC
04 September 2003



Investec Limited - a company listed on the Johannesburg Stock Exchange
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Notification of Interests of Directors and connected persons

On 3rd September 2003, Mr. Donn Jowell, a director of Investec Limited and
Investec plc, disposed of the following ordinary shares of ZAR 0.001 each held
by him in an indirect non-beneficial capacity in Investec Limited:

5,000 shares at a price of ZAR97.00 and another 5,000 shares at a price of
ZAR97.50



Date: 4 September 2003

London


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