IBL Director shareholding

Investec PLC
17 December 2004


Investec Bank Limited

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 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
the JSE Listing Requirements.

Accordingly, we advise of the following announcement released on the
Johannesburg Stock Exchange in relation to a director of Investec Bank Limited,
a South African incorporated subsidiary of Investec Limited:
 
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
 
Director                                :    Bradley Tapnack                                   
Number of shares                        :    1 000 Investec plc shares                         
Price per share                         :    17300 cents per share                             
Date of transaction                     :    17 December 2004                                  
Class of shares                         :    Ordinary                                          
Nature of transaction                   :    Sale                                              
Nature of interest                      :    Beneficial                                        
 
Director                                :    Bradley Tapnack                                   
Number of shares                        :    1 000 Investec Limited shares                     
Price per share                         :    17150 cents per share                             
Date of transaction                     :    17 December 2004                                  
Class of shares                         :    Ordinary                                          
Nature of transaction                   :    Sale                                              
Nature of interest                      :    Beneficial                                        
 
Clearance in terms of Rule 3.66 has been obtained.                              

Enquiries:

Richard Vardy
UK Group Company Secretary
[phone]



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