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
  22-Sep-2022
6. Date on which Issuer notified
  26-Sep-2022
7. Total positions of person(s) subject to the notification obligation

                        % of voting
                                         % of voting rights                    Total number
                        rights                                  Total of
                                         through financial                     of voting
            .           attached to                             both in %
                                         instruments (total                    rights held in
                        shares (total                           (8.A + 8.B)
                                         of 8.B 1 + 8.B 2)                     issuer
                        of 8.A)
  Resulting situation
  on the date on
  which threshold        4.139600         0.000000               4.139600       28815036
  was crossed or
  reached

  Position of
  previous
                         3.869200         0.000000               3.869200
  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 direct           % of indirect
shares ISIN
                     voting rights    indirect voting   voting rights         voting rights
code(if
                     (DTR5.1)         rights (DTR5.2.1) (DTR5.1)              (DTR5.2.1)
possible)
GB00B17BBQ50          28815036                                4.139600

Sub Total 8.A         28815036                                4.139600%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

                                                    Number of voting rights
Type of                                                                         % of
                     Expiration Exercise/conversion that may be acquired if the
financial                                                                       voting
                     date       period              instrument is
instrument                                                                      rights
                                                    exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1)
(b))

Type of                                              Physical or      Number of % of
           Expiration Exercise/conversion
financial                                            cash             voting    voting
           date       period
instrument                                           settlement       rights    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
                                     rights if it      through financial
     Ultimate         Name of                                                it equals or is
                                     equals or is      instruments if it
     controlling      controlled                                             higher than the
                                     higher than the   equals or is higher
     person           undertaking                                            notifiable
                                     notifiable        than the notifiable
                                                                             threshold
                                     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


    12. Date of Completion


    13. Place Of Completion
      Cape Town, South Africa.


Johannesburg and London
26 September 2022
Sponsor: Investec Bank Limited