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

As part of the dual listed company structure, Investec plc and Investec Limited (together “Investec”) notify
both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i)
directors of both entities and the respective company secretaries, (ii) persons discharging managerial
responsibilities (PDMRs) and persons closely associated with them, and (iii) in certain instances the directors
of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are
required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the
Disclosure Guidance, Transparency Rules and Listing Rules of the Financial Conduct Authority and/or the JSE
Listings Requirements.


TRANSACTIONS BY A PERSON CLOSELY ASSOCIATED TO A PDMR


  1      Details of the person discharging managerial responsibilities / person closely associated

  a)     Name                                Bradley Gatter

  2      Reason for the notification

  a)     Position/status                     Person closely associated to a PDMR: Lesley-Anne Gatter

  b)     Initial notification /Amendment     Initial notification

  3      Details of the issuer, emission allowance market participant, auction platform, auctioneer or
         auction monitor

  a)     Name                                Investec Limited

  b)     LEI                                 213800CU7SM6O4UWOZ70

  4      Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
         type of transaction; (iii) each date; and (iv) each place where transactions have been
         conducted

  a)     Description of the financial
         instrument, type of instrument      Ordinary shares of ZAR0.0002 each

         Identification code                 ZAE000081949

  b)     Nature of the transaction           Award of forfeitable shares representing Long Term Incentive
                                             pursuant to The Investec Limited Share Incentive Plan 2021.
                                             Issued for nil consideration with deferred vesting period in
                                             each of years 3 to 5 from award date
  c)     Price(s) and volume(s)
                                                Price(s)                   Volume(s)

                                                Nil                        2 842

  d)     Aggregated information
        - Aggregated volume                 2 842

        - Price                             Nil

  e)    Date of the transaction             30 November 2023

  f)    Place of the transaction            Johannesburg


In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

  Volume weighted average price            Nil
  Total value of transaction               Nil
  Highest price                            Nil
  Lowest price                             Nil
  Nature of interest                       Direct beneficial



Johannesburg and London
01 December 2023

Sponsor:
Investec Bank Limited