Investec Ltd: Increase in interest by Old Mutual

Investec LimitedIncorporated in the Republic of South Africa Registration number 1925/002833/06 JSE Share Code: ILRP2 ISIN: ZAE000202990 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50

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, Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the 'UKLA') and/or the JSE Listing Requirements.

INVESTEC LIMITED

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS

In accordance with section 122(3) of the Companies Act, 71 of 2008 (the Act) and section 3.83(b) of the JSE Listings Requirements, shareholders are advised that Investec Limited has received formal notification from Old Mutual Limited (Old Mutual) that Old Mutual acquired a beneficial interest in the ordinary shares of Investec Limited, such that the total beneficial interest in the ordinary shares of Investec Limited held by Old Mutual is now 5.08% of the total issued ordinary shares of Investec Limited.

Investec Limited hereby confirms that it has received the required notice from Old Mutual in terms of section 122(1) of the Act. As required in terms of section 122(3) of the Act, Investec Limited has filed the required notice with the Takeover Regulation Panel.

By order of the board

N van Wyk

Company Secretary

Investec Limited

19 September 2018

Sponsor:

Investec Bank Limited