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 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 United Kingdom Listing Authority
(the “UKLA”) and/or the JSE Listing Requirements.



TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES


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

    a)   Name                                  Lyndon Subroyen


    2    Reason for the notification

    a)   Position/status                       PDMR


    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 of the transaction             On Market Sale of shares following the release of
                                               forfeitable shares
    c)   Price(s) and volume(s)
                                            Price(s)                    Volume(s)

                                            ZAR109.09                   7,500




    d)   Aggregated information


         - Aggregated volume               7,500

         - Price                           ZAR109.09

    e)   Date of the transaction           05 January 2023


    f)   Place of the transaction          Johannesburg



In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

    Volume weighted average price             ZAR109.09 per share
    Total value of transaction                ZAR818,175.00
    Highest price                             ZAR109.09 per share
    Lowest price                              ZAR109.09 per share
    Nature of interest                        Direct beneficial

Clearance was obtained for the above dealings in securities.


Johannesburg and London
09 January 2023

Sponsor:
Investec Bank Limited