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

Investec Limited intention to purchase Investec PLC ordinary shares

Investec Limited announces today that it has entered into an irrevocable and non-discretionary agreement with J.P.
Morgan Equities South Africa Propriety Limited and J.P. Morgan Securities plc (together the "Broker") to conduct an
on-market purchase (the "Purchase Programme") of Investec PLC ordinary shares (the “Shares”). The Broker will act
as principal and will purchase shares on the Johannesburg Stock Exchange, the London Stock Exchange or other
trading venues in the United Kingdom on which the Shares are listed and traded on the basis of its own trading decisions
concerning the timing of the purchases of the Shares independently of Investec Limited. The Shares will then be sold
on by the Broker to Investec Limited.

The Broker shall not purchase shares or securities relating to the Shares on trading venues based in the United States
of America or knowingly from any persons located in the United States of America, nor shall it knowingly undertake any
other transactions or trading activity in connection with the Programme with persons located in the United States of
America.

The Purchase Programme forms part of Investec’s capital optimisation strategy. The Purchase Programme will be
limited to a maximum aggregate market value equivalent of 1.2bn South African Rand. Any purchases of Shares by
the Broker will be made in accordance with certain pre-set parameters set out in the terms of the Broker’s engagement.
The Purchase Programme will commence on 3 October 2022 and will end on or before 17 November 2022. The Shares
will be treated as if they were treasury shares in the consolidated annual financial statements of the Investec Group.


For further information please contact:
Investec Investor Relations
General enquiries: investorrelations@investec.co.za

Results:
Qaqambile Dwayi                                        Carly Newton
SA Tel: +27 (0)83 457 2134                             UK Tel: +44 (0)20 75974493


3 October 2022
Johannesburg and London

JSE Equity Sponsor:
Investec Bank Limited

Forward-looking Statements

This announcement contains forward-looking statements. By their nature, all forward-looking statements involve risk
and uncertainty because they relate to future events and circumstances which are beyond Investec plc's and Investec
Limited's control. These forward-looking statements speak only as of the date on which they are made. Investec plc
and Investec Limited expressly disclaim any obligation or undertaking to release publicly any updates or revisions to
any forward-looking statements contained in this announcement or any other forward-looking statements they may
make.