Director Shareholding

Investec PLC
15 December 2004


Investec plc - Dealing in shares

(Incorporated in the United Kingdom)

(Registration number 3633621)

Share code: INP ISIN: GB0031773103

 

1. Notification pursuant to section 198 of the Companies Act 1985.

Investec plc (the 'Company') received notification on the 15th December 2004
that Fintique III BVI Limited ('Fintique'), an Investec leveraged equity plan,
disposed of 900,000 Investec plc ordinary shares of £0.001 each ('Ordinary
Shares'), being 1.2% of the issued Ordinary Shares of the Company on 15th
December 2004.

The total holdings of Fintique prior to the notification are laid out below:

 
                                          Holdings                   Percentage                
Fintique III (BVI) Limited                4,564,920                       6.10% 

 

The total holdings of Fintique following the notification are laid out below:

 
                                          Holdings                   Percentage                
Fintique III (BVI) Limited                3,664,920                       4.90% 

 

2.Notification of Directors' attributable interests

 
As a result of the disposal by Fintique, the Company received notification on
the 15th December 2004 that the interests of the directors in the Ordinary
Shares of Investec plc as set out in the table below have accordingly been
reduced.

Director                     Indirect Beneficial  Percentage of       Price per share    
                             interest             issued class                           
S E Abrahams                     7,264               <0.01%             £15.50  
H S Herman                      52,887                0.07%             £15.50  

 
Following this notification, the directors' total beneficial and non-beneficial 
holdings and the total percentage  holdings of Investec plc Ordinary Shares are 
as laid out in the table below:
 
Director                               Beneficial and             Percentage of issued      
                                       non-beneficial holdings    class                     
S E Abrahams                                  8,000                       0.01% 
H S Herman                                  439,998                       0.59% 

 
As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily notify both the London and Johannesburg Stock Exchanges of those
interests (and changes to those interests) of directors of both entities and the
respective company secretaries, and 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 Listing Rules
of the United Kingdom Listing Authority and/or the JSE Listing Requirements.

Accordingly, as a further result of the disposal by Fintique, we also advise the
following:
 
In accordance with the JSE Listing Requirements requiring disclosure of dealings
in securities of Investec plc and Investec Limited by the directors of major
subsidiaries of Investec Limited as well as by the Company Secretaries of
Investec Limited or Investec plc, the interests in the ordinary share capital of
Investec plc of Bradley Tapnack, a director of Investec Bank Limited (a company
incorporated in the Republic of South Africa), Selwyn Noik, Company Secretary
Investec Limited and Richard Vardy, Company Secretary of Investec plc, have
decreased as laid out in the table below:
 
Director                        Indirect beneficial interest         Price per share           
                                      - Investec plc                                         
B Tapnack                                    11,274                     £15.50  
S Noik                                          808                     £15.50  
R Vardy                                         381                     £15.50  

 

At the same time The Investec Limited Security Purchase and Option Scheme 2000
Trust (' the SA Share Scheme') purchased call options over 1,500,000 Ordinary
Shares in Investec plc at an exercise price of ZAR180.00, exercisable in equal
tranches on the 15th June 2005, 2006 and 2007.

Accordingly, the SA Share Scheme notified the Company on the 15th December 2004,
on behalf of the executive directors of the Company and pursuant to section 324
of the Companies Act 1985, that by virtue of the acquisition detailed above, all
the executive directors of the Company are interested in a further 1,500,000
Ordinary Shares in Investec plc. This is because the directors of the Company
(together with certain employees of the Company) are potential beneficiaries of
the SA Share Scheme and are therefore interested in all the unallocated Ordinary
Shares held by SA Share Scheme.

 

 

Enquiries:

 

Richard Vardy

Investec plc Group Company Secretary

[phone]



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