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 share code: INPR                                  JSE share code: INP
JSE debt code: INLV                                   ISIN: GB00B17BBQ50
NSX share code: IVD
BSE share code: INVESTEC                              LEI: 2138007Z3U5GWDN3MY22
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 of matters which are required to be disclosed under the Disclosure
Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority and/or
the JSE Listings Requirements.

INVESTEC  LIMITED   NON-REDEEMABLE,    NON-CUMULATIVE,  NON-PARTICIPATING
PREFERENCE SHARES (“PREFERENCE SHARES”) REPURCHASE PROGRAMME

Investec Limited (the “Company”) hereby announces the commencement of a share repurchase
programme (the “Programme”), in compliance with paragraph 5.72 of the JSE Listings requirements in
terms of which the Company may repurchase up to a maximum of 5% of the Preference Shares in issue
as at the date of the current general authority granted by shareholders. Repurchases of Preference
Shares in terms of the Programme will be made pursuant to and in accordance with the general authority
granted to the Company by its shareholders at the Company’s annual general meeting held on 4 August
2022. 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 Programme commences on 30 November 2022 at the opening of the market and the Company will
issue a further announcement once the programme has been 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’s
Listings Requirements.

Preference shares repurchased under the Programme will be cancelled as issued shares and will revert
to authorised but unissued share capital status.

The Programme may be discontinued at any stage during the period concerned and there is no obligation
on the Company to purchase any preference shares during the period.

Johannesburg
29 November 2022

Financial Advisor, Corporate Broker and JSE Sponsor
Investec Bank Limited