Rule 8.1 - Investec plc

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, INVESTEC BANK (UK)
                                          LTD)

Company dealt in                          INVESTEC PLC

Class of relevant security to which the   ORDINARY SHARES GBP0.0002
dealings 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                  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


(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 LTD ORD ZAR0.0002
                                    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


(c) Rights to subscribe (Note 3)
Class of relevant security:                    Details
Ordinary shares GBP0.0002
                                   
2,666,130                                      Staff share options



3. DEALINGS (Note 4)


(a) Purchases and sales

Purchase/sale                Number of securities       Price per unit (Note 5)
INVESTEC SECURITIES LTD                     3,926                        687.5p
Purchase                                   26,000                          688p
Purchase                                   52,000                        688.5p
Purchase                                   11,000                          689p
Purchase                                    3,074                        689.5p
Purchase                                   10,000                        690.5p
Purchase                                    3,000                          693p
Purchase                                  109,000                       689.22p
Sale                                      109,000                        R97.20
Purchase                                   29,000                        R97.20
Sale                                        1,794                        R97.30
Sale                                       23,000                        R97.40
Sale                                       41,000                        R97.50
Sale                                      124,875                        R97.50
Sale                                        2,000                        R97.50
Sale                                       13,000                        R97.65
Sale                                        3,000                        R97.85
Sale                                      158,088                        687.5p
INVESTEC BANK (UK) LTD                     43,055                          688p
Purchase                                   32,150                        688.5p
Purchase                                   33,530                          689p
Purchase                                   60,500                       689.22p
Purchase                                    7,805                        689.5p
Purchase                                   24,585                          690p
Purchase                                    4,445                        690.5p
Purchase                                      677                        691.5p
Purchase                                    5,000                          692p
Purchase                                      838                        692.5p
Purchase                                  115,270                        687.5p
Purchase                                   35,030                       687.11p
Purchase                                   24,970                       687.77p
Purchase                                   78,750                       687.93p
Purchase                                  111,911                          688p
Purchase                                   18,530                       688.09p
Purchase                                   16,640                        688.5p
Purchase                                   30,963                          689p
Purchase                                   60,500                       689.32p
Purchase                                   16,813                        689.5p
Purchase                                   18,530                       689.61p
Purchase                                   18,530                       689.63p
Purchase                                   31,525                       689.84p
Purchase                                   18,530                       689.88p
Purchase                                   49,910                          690p
Purchase                                   23,236                        690.5p
Purchase                                    9,059                          691p
Purchase                                    3,103                        691.5p
Purchase                                    3,666                        692.5p
Purchase                                  158,088                        687.5p
Purchase                                   43,055                          688p
Sale                                       33,530                          689p
Sale                                        7,805                        689.5p
Sale                                       24,585                          690p
Sale                                        4,445                        690.5p
Sale                                        3,515                          692p
Sale                                        3,000                       692.07p
Sale                                        2,500                        687.5p
Sale                                       48,055                          688p
Sale                                      473,239                       688.49p
Sale                                          200                        688.5p
Sale                                       31,906                          689p
Sale                                        1,725                        689.5p
Sale                                       26,594                          690p
Sale                                        9,402                        690.5p
Sale                                        8,557                          691p
Sale                                        2,925                          692p
Sale                                           43                        692.5p
Sale
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    10,000                      European    21/06/07
21/06/07                                                         

Futures
due       Writing       8,000                       European    20/09/07
20/09/07                                                         




(ii) Exercising

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








                                                             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    Exercise    Type, e.g.      Expiry
name,    or         to which the option     price       American,       date
         purchased  or derivative relates   (Note 2)    European etc.
e.g.
call
option

Put      Written    82,900                  96.50Rand   American      20/09/2007
Options                                                                   

Call     Purchased  82,900                  106.15Rand  American      20/09/2007
Options                                                                   

Put      Purchased  82,900                  90.54Rand   American      20/09/2007
Options                                                                  

Call     Written    12,500                  85Rand      European      31/10/2007
Options                                                                  

Futures  Written    39,000                              European      20/09/2007  

Futures  Written    4,500                               European      21/06/2007

Futures  Written    55,600                              European      20/09/2007
                                                                          


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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