Disposal

Investec PLC
19 August 2002



Fiserv Securities, Inc acquires Clearing Division from Investec Ernst

Investec PLC announced today the sale of a portion of its U.S. based businesses
as a result of an ongoing Strategic review of its global operations.

Investec Ernst & Company, a wholly owned subsidiary of Investec PLC, completed a
sale of assets related to its Clearing Division to Fiserv Securities, Inc., a
unit of Fiserv, Inc. (Nasdaq:FISV), on August 16, 2002. The Clearing Division
provides transaction processing services to retail and institutional brokerages
throughout the United States. Included in the Clearing Division asset sale are
the following lines of business: correspondent clearing, prime brokerage and
mutual fund market timing. The net assets of the Clearing Division are not
material in the context of Investec.

During the transition period between August 19, 2002 and the date of system
conversion to Fiserv's operational systems, Investec will act as a contractor on
behalf of Fiserv, under a transition services agreement, which is expected to
run through to late November 2002.

Goldman Sachs & Co acted as financial adviser to Investec.

Stephen Koseff, CEO of Investec PLC, said:

'This transaction will enable Investec to align its U.S. Operations with its
other global businesses and reinforces our strategy of building focussed, niched
businesses in our areas of core competence.'

John Murabito, CEO of Investec Ernst, said

'We were pleased to conclude the transaction with Fiserv, as our clients will
benefit from the service of a company recognised for its excellence and advanced
technology solutions in clearing.'
     

Leslie M. Muma, CEO of Fiserv, Inc., said

'With this acquisition, Fiserv continues to enhance our servicing capabilities
and processing volumes for the securities industry, while expanding our base of
retail and institutional broker-dealer clients.' 
 
Contact:

Stephen Koseff                         [phone]

Bernard Kantor                         [phone]

Bradley Fried                          [phone]



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