Rule 8.1- Investec Limited

Investec PLC
03 August 2007


Investec Limited                              Investec plc
Incorporated in the Republic of South Africa  Incorporated in England and Wales
Registration number 1925/002833/06            Registration number 3633621
JSE share code: INL                           JSE share code: INP
ISIN: ZAE000081949                            ISIN: GB00B17BBQ50

Disclosure in accordance with Rule 8.1 of the UK City Code on Takeovers and 
Mergers (the 'City Code')


As part of the dual listed company ('DLC') structure, disclosures made pursuant 
to requirements applicable to the London Stock Exchange or the JSE Limited are 
released on both exchanges.


We therefore advise of the following in accordance with Rule 8.1 of the 
City Code:


                                                                       FORM 8.1

          DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES
                  FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
      (Rules 8.1(a) and (b)(i) of the City Code on Takeovers and Mergers)



1. KEY INFORMATION

Name of person dealing (Note 1)        INVESTEC PLC (DEALINGS BY INVESTEC
                                       SECURITIES LTD, INVESTEC ASSET MANAGEMENT
                                       PTY LTD)

Company dealt in                       INVESTEC LTD

Class of relevant security to which    ORDINARY SHARES ZAR0.0002
the dealings being disclosed relate
(Note 2)

Date of dealing                        2 AUGUST 2007


2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                              Long                 Short
                                     Number        (%)      Number       (%)
(1) Relevant securities               40,809,858    18.61      390,470    0.18
(2) Derivatives (other than options)
(3) Options and agreements to
purchase/sell                          1,719,400     0.78    3,261,900    1.49
                             Total    42,529,258    19.40    3,652,370    1.67



(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

     Class of relevant security:                Long                Short
      INVESTEC PLC ORD GBP0.0002
                                       Number         (%)     Number     (%)

(1) Relevant securities                  20,389,755    5.40
(2) Derivatives (other than options)
(3) Options and agreements to
purchase/sell                               165,800    0.04    459,500    0.12
                               Total     20,555,555    5.44    459,500    0.12


(c) Rights to subscribe (Note 3)

Class of relevant security:                    Details
Ordinary shares ZAR0.0002
                                     123,430   Staff share options


3. DEALINGS (Note 4)


(a) Purchases and sales

Purchase/sale                Number of securities    Price per unit (Note 5)
INVESTEC SECURITIES LTD                        158   R 86.02
Purchase                                       503   R 86.13
Purchase                                     2,400   R 86.15
Purchase                                     3,441   R 86.20
Purchase                                     2,400   R 86.23
Purchase                                     1,201   R 86.24
Purchase                                     4,297   R 86.25
Purchase                                     1,006   R 86.27
Purchase                                    12,761   R 86.28
Purchase                                       194   R 86.30
Purchase                                     1,200   R 86.40
Purchase                                     1,200   R 86.46
Purchase                                     2,042   R 86.49
Purchase                                     7,558   R 86.50
Purchase                                     1,200   R 86.52
Purchase                                     1,200   R 86.56
Purchase                                     1,000   R 86.75
Purchase                                    23,700   R 85.96
Sale                                         2,723   R 86.00
Sale                                         1,625   R 86.01
Sale                                           350   R 86.24
Sale                                       209,587   R 86.26

INVESTEC ASSET MGMT PTY LTD
Sale


(b) Derivatives transactions (other than options)

Product      Long/short    Number of securities    Price per unit 
name,        (Note 6)      (Note 7)                (Note 5)
e.g. CFD



(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,       Number of          Exercise Type, e.g.  Expiry Option
name,   selling,       securities to      price    American,   date   money
        purchasing,    which the option            European           paid/
        varying etc.   relates (Note 7)            etc.               received
e.g.                                                                  per unit 
call                                                                  (Note 5)
option                                                               
                                                                      
Futures
due      Purchasing               22,700            European    20/09/07
20/09/07


(ii) Exercising

Product name, e.g. call       Number of           Exercise price per unit (Note
option                        securities          5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)  Details  Price per unit (if applicable) (Note 5)


4. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.


Is a Supplemental Form 8 attached? (Note 9) YES


Date of disclosure                                              03/08/2007

Contact name                                                    DAVID BURFOOT

Telephone number                                                020 7597 4394

Name of offeree/offeror with which associated                   INVESTEC PLC

Specify category and nature of associate status (Note 10)       OFFEROR



Notes


The Notes on Form 8.1 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk



                                                             SUPPLEMENTAL FORM 8

                           DETAILS OF OPEN POSITIONS

   (This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as
                                  appropriate)


OPEN POSITIONS (Note 1)

Product Written   Number of securities to     Exercise    Type, e.g.      Expiry
name,   or        which the option or         price (Note American,       date
        purchased derivative relates          2)          European etc.
e.g.
call
option
Put     Purchased                   750,000   82.00Rand   European        15/08/
Option                                                                    2007
Call    Written                   1,250,000   84.00Rand   European        21/08/
Option                                                                    2007
Call    Written                     500,000   94.00Rand   European        21/08/
Option                                                                    2007
Call    Purchased                   500,000   84.00Rand   European        21/08/
Option                                                                    2007
Put     Written                     750,000   66.00Rand   European        15/08/
Options                                                                   2007
Put     Purchased                   750,000   82.00Rand   European        15/08/
Options                                                                   2007
Call    Purchased                    51,800   102.44Rand  American        20/09/
Options                                                                   2007
Call    Purchased                    75,000   103.1Rand   European        04/09/
Options                                                                   2007
Put     Written                     137,800   91.89Rand   American        20/09/
Options                                                                   2007
Call    Purchased                   137,800   91.89Rand   American        20/09/
Option                                                                    2007
Futures Written                      11,900               European        20/09/
                                                                          2007
Call    Purchased                    67,000   100.97 Rand European        3/10/
Option                                                                    2007


Notes


1. Where there are open option positions or open derivative positions (except
for CFDs), full details should be given. Full details of any existing agreements
to purchase or to sell should also be given on this form.


2. For all prices and other monetary amounts, the currency must be stated.


For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk







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