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                                              LSE share code: INVP
JSE hybrid code: INPR                                            JSE share code: INP
JSE debt code: INLV                                              ISIN: GB00B17BBQ50
NSX share code: IVD                                              LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70


Investec (comprising Investec plc and Investec Limited) – update on the pre-close
trading statement

As part of the dual listed company structure, the boards of Investec plc and Investec Limited
(together the “Boards”) notify both the London Stock Exchange and the JSE Limited of
matters which are required to be disclosed under the Disclosure Guidance and Transparency
Rules, and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE
Listings Requirements.

Accordingly, we advise of the following in accordance with paragraph 3.4(b) (iv) of the JSE
Listings Requirements and confirms that this announcement contains Inside Information as
defined in Article 7 of the Market Abuse Regulation.

Shareholders are referred to the pre-close trading update for the half year ended
30 September 2023 which was released on SENS and RNS on 22 September 2023 and
which contained the following guidance:

                        1H2024 range           1H2023
 Adjusted EPS - p        35.5 to 37.5           32.9
 Basic EPS – p           67.2 to 69.2           50.6
 HEPS – p                33.8 to 35.8           32.0

We are pleased to advise that the guidance has been updated as follows:

                        1H2024 range           1H2023
 Adjusted EPS - p        38.0 to 39.0           32.9
 Basic EPS - p           69.0 to 70.0           50.6
 HEPS - p                36.5 to 37.5           32.0


The financial information on which this trading statement is based, has not been reviewed and
reported by the external auditors.

The interim results for the six months ended 30 September 2023 will be announced on 16
November 2023.

The person responsible for arranging the release of this announcement on behalf of Investec
is Nishlan Samujh, Group Finance Director.

By order of the board

08 November 2023

For further information please contact:
Investec Investor Relations
Qaqambile Dwayi
South Africa: +27 (0) 11 291 0129/+27 11 286 7070
investorrelations@investec.com
For media enquiries please contact:
Lansons (UK PR advisers) – Tom Baldock. Tel: +44 (0)78 6010 1715
Brunswick (SA PR advisers) – Graeme Coetzee. Tel: +27 (0)63 685 6053
About Investec
Investec partners with private, institutional, and corporate clients, offering international
banking, investments, and wealth management services in two principal markets, South
Africa, and the UK, as well as certain other countries. The Group was established in 1974 and
currently has 7,300+ employees.
Investec has a dual listed company structure with primary listings on the London and
Johannesburg Stock Exchanges.


Johannesburg and London
JSE Equity and Debt Sponsor: Investec Bank Limited