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 matters which are
required to be disclosed under the Disclosure Guidance and Transparency Rules and the
Listing Rules of the Financial Conduct Authority (the “FCA”) and/or the JSE Listings
Requirements.

Accordingly, we advise of the receipt of the following TR-1 notification:

            TR-1: Standard form for notification of major holdings

1. Issuer Details
 ISIN
  GB00B17BBQ50
 Issuer Name
  INVESTEC PLC
 UK or Non-UK Issuer
  UK
2. Reason for Notification
  An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
 Name
  Allan Gray Proprietary Limited
 City of registered office (if applicable)
  Cape Town
 Country of registered office (if applicable)
  South Africa
4. Details of the shareholder
  Full name of shareholder(s) if different from the person(s)
  subject to the notification obligation, above


  City of registered office (if applicable)


  Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
  01-Aug-2022
6. Date on which Issuer notified
  05-Aug-2022
7. Total positions of person(s) subject to the notification
obligation
                                              % of voting
                          % of voting         rights through
                                                                  Total of both   Total number of
                          rights attached     financial
             .                                                    in % (8.A +     voting rights
                          to shares (total    instruments
                                                                  8.B)            held in issuer
                          of 8.A)             (total of 8.B 1 +
                                              8.B 2)

  Resulting
  situation on the
  date on which
                              3.869200         0.000000            3.869200        26932703
  threshold was
  crossed or
  reached

  Position of
  previous
                              3.930100         0.000000            3.930100
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of       Number of direct         Number of                            % of indirect
                                                               % of direct voting
shares ISIN code(if voting rights            indirect voting                      voting rights
                                                               rights (DTR5.1)
possible)           (DTR5.1)                 rights (DTR5.2.1)                    (DTR5.2.1)

GB00B17BBQ50            26932703                                  3.869200

Sub Total 8.A           26932703                                  3.869200%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                         Number of voting rights that
                                                                                           % of
Type of financial    Expiration Exercise/conversion      may be acquired if the
                                                                                           voting
instrument           date       period                   instrument is
                                                                                           rights
                                                         exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of                                                                                  % of
                 Expiration   Exercise/conversion     Physical or cash   Number of
financial                                                                                voting
                 date         period                  settlement         voting rights
instrument                                                                               rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer.
                                 % of voting           % of voting rights         Total of both if it
                   Name of       rights if it equals   through financial          equals or is
Ultimate
                   controlled    or is higher than     instruments if it equals   higher than the
controlling person
                   undertaking   the notifiable        or is higher than the      notifiable
                                 threshold             notifiable threshold       threshold


10. In case of proxy voting
 Name of the proxy holder


 The number and % of voting rights held


 The date until which the voting rights will be held


11. Additional Information
  Our clients' collective holding in Investec PLC increased above the 4%
  threshold of the company's shares in issue on 14 July 2022 (to
  4.1328%, based on a 28,767,480 share holding).

  Our clients' collective holding in Investec PLC has subsequently
  decreased below 4%, as per this disclosure.
12. Date of Completion
  05-Aug-2022
13. Place Of Completion
  Cape Town, South Africa.




Johannesburg and London
05 August 2022
Sponsor: Investec Bank Limited