Investec Limited                                      Investec plc
Incorporated in the Republic of South Africa          Incorporated in England and Wales
Registration number 1925/002833/06                    Registration number 03633621
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
ISIN: ZAE000063814
LEI: 213800CU7SM6O4UWOZ70


As part of the dual listed company structure, Investec plc and Investec Limited notify both the London
Stock Exchange and the JSE Limited (the “JSE”) 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.

INVESTEC  LIMITED   NON-REDEEMABLE,                      NON-CUMULATIVE,            NON-PARTICIPATING
PREFERENCE SHARES REPURCHASE

Investec Limited (the “Company”) hereby announces the commencement of a repurchase of some of the
non-redeemable, non-cumulative, non-participating preference shares (“Preference Shares”), in
compliance with paragraph 5.72 of the JSE Listings Requirements. The Company may, in accordance
with a resolution passed by the Company’s board on 19 November 2025, repurchase up to a maximum
of 20% of the Preference Shares in issue as at the date of and pursuant to the current general authority
granted by the Company’s shareholders on 7 August 2025. The Company has notified the Prudential
Authority in writing of the repurchase of the Preference Shares. No Preference Shares will be repurchased
from directors of the Company.

The repurchases will commence on 11 December 2025 at the opening of the market and the Company
will issue a further announcement once the repurchases, on a cumulative basis, constitute 3% of the
Preference Shares in issue or the repurchases have closed. Repurchases will be executed through the
order book operated by the JSE by the Company’s authorised intermediary without any prior
understanding or arrangement between the Company and/or its subsidiaries and the counterparties.
Repurchases will be effected within certain pre-determined price limits with specific reference to the limits
of the general authority granted by the Company’s shareholders and in compliance with the JSE Listings
Requirements.

Preference Shares repurchased will be cancelled and will revert to authorised but unissued share capital
status.

The repurchase of the Preference Shares may be discontinued at any stage during the period concerned
and there is no obligation on the Company to repurchase any Preference Shares during this period.

Johannesburg
10 December 2025

Sponsor
Investec Bank Limited