Rule 8.1 - Investec Limited

Investec PLC
21 June 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)

Company dealt in                                 INVESTEC LTD

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

Date of dealing                                  20 JUNE 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              37,056,180    16.99        3,947    0.002

(2) Derivatives (other than options)

(3) Options and agreements to
purchase/sell                         1,877,300     0.86    3,511,894     1.61

                            Total    38,933,480    17.86    3,515,841     1.61


(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                  18,166,560    4.83    555,017    0.15

(2) Derivatives (other than options)

(3) Options and agreements to
purchase/sell                               165,800    0.04    194,500    0.05

                               Total     18,332,360    4.88    749,517    0.20


(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                     2,000   R94.40
Purchase                                    1,060   R94.70
Purchase                                    6,390   R95.00
Purchase                                    3,000   R96.12
Purchase                                    1,851   R94.50
Sale                                            4   R94.75
Sale                                          700   R94.80
Sale                                          600   R94.91
Sale                                        5,000   R95.00
Sale                                        6,200   R95.00
Sale                                        4,900   R95.05
Sale                                          100   R95.06
Sale                                        5,000   R95.15
Sale                                       73,790   R96.02
Sale



(b) Derivatives transactions (other than options)

Product      Long/short (Note   Number of securities (Note Price per unit (Note
name,        6)                 7)                         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                                                                
                                                                      

Call
Options Purchasing               51,800   R102.44  American    20/09/07
due 20/09/07                                                        

Futures
due     Writing                   1,300            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                                              21/06/2007

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                     229,900   78.30Rand   American        21/06/
Options                                                                   2007
Call    Purchased                   135,300   95.40Rand   American        21/06/
Options                                                                   2007
Put     Written                     135,300   95.40Rand   American        21/06/
Options                                                                   2007
Put     Written                     750,000   66.00Rand   European        15/08/
Options                                                                   2007
Put     Purchased                   750,000   82.00Rand   European        15/08/
Options                                                                   2007
Call    Written                      52,294   00.01Rand   European        16/09/
Options                                                                   2011
Call    Purchased                    51,800   102.44Rand  American        20/09/
Options                                                                   2007
Call    Purchased                    75.000   103.1Rand   European        04/09/
Options                                                                   2007
Futures Written                     206,200               European        20/09/
                                                                          2007
Futures Written                       3,400               European        21/06/
                                                                          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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