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Transactions in Investec Limited Ordinary Shares

Published: 2025-07-11 16:00:45 ET
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 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

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES

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.

Exercise of Share Options and Sale of Shares in terms of the Investec Limited Share
Incentive Plan 2021 –Share Appreciations Rights (2022 Award)


In terms of the Investec Limited Incentive Plan 2021 - Share Appreciation Award (SAR), on the SAR exercise
date, the appreciation in each SAR is calculated by deducting the grant price from the exercise price
(“Appreciation Value”). The deemed exercise price is the volume weighted average price (VWAP) over 20 days
to the vesting date and where participants have elected to sell the remaining shares, the same VWAP was used
for such sale. Following the exercise of the SAR the participant receives Investec Limited shares to the
equivalent of the Appreciation Value.

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

 a)    Name                                                 Cumesh Moodliar
 2     Reason for the notification

 a)    Position/status                                      PMDR / Director of major subsidiary

 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 on interest                                   Direct Beneficial
 c)    Nature of the transaction                            Off-market exercise of SAR
 d)    Number of SAR awards                                 20,977
 e)    Award Date                                           1 June 2022
 f)    Award/Strike Price                                   ZAR89.21
 g)    Number of Investec Limited shares received on        6,300
       exercise of SAR
 h)    Deemed exercise Price (20-day VWAP)                  ZAR127.5026
i)   Total value of transaction                        ZAR803,263.87
j)   Date of the transaction                           10 July 2025
k)   Place of the transaction                          Johannesburg
l)   Clearance to deal obtained                        Yes


a)   Nature of the transaction                         On-Market sale of Investec Limited shares
b)   Number of securities                              6,300
c)   Deemed Price (20-day VWAP)                        ZAR127.5026
d)   Highest Price                                     ZAR 135.11
e)   Lowest Price                                      ZAR 119.00
f)   Total value of transaction:                       ZAR803,263.87
g)   Date of the transaction                           10 July 2025
h)   Place of the transaction                          Johannesburg
i)   Clearance to deal obtained                        Yes



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

a)   Name                                              Lesley-Anne Gatter
2    Reason for the notification

a)   Position/status                                   PMDR

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 on interest                                Direct Beneficial
c)   Nature of the transaction                         Off-market exercise of SAR
d)   Number of SAR awards                              15,733
e)   Award Date                                        1 June 2022
f)   Award/Strike Price                                ZAR 89.21
g)   Number of Investec Limited shares received on     4,725
     exercise of SAR
h)   Deemed exercise price (20-day VWAP)               ZAR127.5026
i)   Total value of transaction                        ZAR 602,457.48
j)   Date of the transaction                           10 July 2025
k)   Place of the transaction                          Johannesburg
l)   Clearance to deal obtained                        Yes


a)   Nature of the transaction                         On-Market sale of Investec Limited shares to cover tax
                                                       and costs
b)   Number of securities                              2,181
c)   Deemed Price (20-day VWAP)                        ZAR127.5026
d)   Highest Price                                     ZAR 135.11
e)   Lowest Price                                      ZAR 119.00
f)   Total value of transaction:                       ZAR 278,083.17
g)   Date of the transaction                           10 July 2025
 h)    Place of the transaction                            Johannesburg
 i)    Clearance to deal obtained                          Yes

 1     Transaction by the Company Secretary
 a)    Name                                                Niki van Wyk
 2     Reason for the notification

 a)    Position/status                                     Company Secretary

 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 on interest                                  Direct Beneficial
 c)    Nature of the transaction                           Off-market exercise of SAR
 d)    Number of SAR awards                                6,555
 e)    Award Date                                          1 June 2022
 f)    Award/Strike Price                                  R89.21
 g)    Number of Investec Limited shares received on       1,969
       exercise of SAR
 h)    Deemed exercise Price (20-day VWAP)                 ZAR127.5026
 i)    Total value of transaction                          ZAR 251,007.99
 j)    Date of the transaction                             10 July 2025
 k)    Place of the transaction                            Johannesburg
 l)    Clearance to deal obtained                          Yes


 a)    Nature of the transaction                           On-Market sale of Investec Limited shares
 b)    Number of securities                                1,969
 c)    Price per security                                  ZAR127.5026
 d)    Highest Price                                       ZAR 135.11
 e)    Lowest Price                                        ZAR 119.00
 f)    Total value of transaction:                         ZAR 251,007.99
 g)    Date of the transaction                             10 July 2025
 h)    Place of the transaction                            Johannesburg
 i)    Clearance to deal obtained                          Yes



Transaction by Company Secretary in Investec Limited Ordinary Shares

The following on market sale is notified in terms of Rules 3.63 – 3.74 of the JSE Listings Requirements:

 1     Transaction by the Company Secretary
 a)    Name                                                Niki van Wyk
 2     Reason for the notification

 a)    Position/status                                     Company Secretary

 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 on interest                                   Direct Beneficial
 c)    Nature of the transaction                            On market sale of shares following the release of
                                                            forfeitable shares
 d)    Number of Securities                                 1,786
 e)    Award Date                                           1 June 2022
 f)    Award Price                                          R Nil
 g)    Volume Weighted Average Price                        ZAR 132.7668
 h)    Highest Price                                        ZAR 132.90
 i)    Lowest Price                                         ZAR 132.10
 j)    Total value of transaction                           ZAR 237,121.50
 k)    Date of the transaction                              10 July 2025
 l)    Place of the transaction                             Johannesburg

Clearance was obtained for the above dealings in securities.


The Investec Limited Share Incentive Plan 2021 (The “Plan”): Dealings in Securities

Shareholders are advised that, in compliance with paragraphs 3.63 to 3.66 and 3.96 of the JSE Listings
Requirements, the Plan is required to disclose the details of the indirect beneficial off-market exercise of an
option to acquire Investec Limited ordinary shares made to satisfy the Plan’s obligations to its participants and
accordingly the following deal is disclosed:

 Date of transaction:                                10 July 2025
 Nature of the transaction                           Off-market exercise of option
 Number of Investec Limited shares received on       646,955
 exercise of option
 Option Strike Price                                 ZAR91.32
 Total Value:                                        ZAR59,079,930.60
 Date of the transaction                             10 July 2025
 Place of the transaction                            Johannesburg


Johannesburg and London
11 July 2025
Sponsor:
Investec Bank Limited