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

Update statement with respect to votes received at the Annual General Meetings
(“AGM”) of Investec Limited and Investec plc (together the “Group”)

As part of the dual listed company structure, Investec plc and Investec Limited (together the
“Investec Group”) 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 Financial Conduct Authority (the "FCA") and/or the JSE Listings
Requirements.

The UK Corporate Governance Code requires companies to provide an update within six
months of a general meeting where more than 20% of shareholders have voted against a
resolution. This statement provides an update on our shareholder engagement and the actions
we are taking Accordingly, we advise of the following:

At the AGM on 3 August 2023, resolution 34 (political donations), passed with a less than 80%
majority.

The Boards of Directors of Investec plc and Investec Limited (the “Board”) recognise that
effective communication is integral in building stakeholder value and are committed to providing
meaningful, transparent, timely and accurate financial and non-financial information to our
stakeholders. In addition to formal, written communication, executive management and non-
executive board members continue to engage with our shareholders on a regular basis.

In respect of the less than 80% vote received for authority to make political donations and to
incur political expenditure

As stated in the notices to the AGMs, Investec plc does not give any money for political
purposes in the UK, nor does it make any donations to UK political organisations or incur UK
political expenditure. However, the definitions of political donations and political expenditure
used in the UK Companies Act 2006 (“UK Companies Act”) are very wide. In line with UK market
practice, the authority was therefore requested only as a precautionary measure to ensure that
Investec plc and any company which is or becomes a subsidiary of Investec plc does not
inadvertently breach the relevant provisions of the UK Companies Act.

Investec Limited will continue to support the deepening of democracy through donations to
independent organisations that support the Constitution of South Africa and voter education.
Going forward, Investec Limited will not make donations to any political parties in South Africa.


For further information, please contact:

Mr David Miller
Investec plc
Company Secretary
+ 44 (0)20 7597 4000

Johannesburg and London

Date: 02 February 2024
Sponsor: Investec Bank Limited