Director Shareholding

Investec PLC
12 September 2003



In compliance with Rules 3.35 and 3.63 of the Johannesburg Stock Exchange
('JSE') Listing Requirements requiring disclosure of dealings in securities of
Investec Limited and Investec plc by directors of major subsidiaries of Investec
Limited, the following information is disclosed:

Investec Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/002833/06)

Share code: INL ISIN: ZAE000040531

In compliance with Rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed for the following director of Investec Bank
Limited:

Executive Director : B Tapnack

Number of shares : 500 at R107.75

Date : 10 September 2003

Class of shares : Ordinary

Nature of interest : Direct beneficial

Nature of transaction : Sale

Investec plc

(Incorporated in the United Kingdom)

(Registration number 3633621)

Share code: INP ISIN: GB0031773103

In compliance with Rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed for the following director of Investec Bank
Limited:

Executive Director : B Tapnack

Number of shares : 500 at R108.75 per share

Date : 10 September 2003

Class of shares : Ordinary

Nature of interest : Direct beneficial

Nature of transaction : Sale






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