Director/PDMR Shareholding

Investec Limited

(Incorporated in the Republic of South Africa)

(Reg no: 1925/002833/06)

Share code: INL

ISIN code: ZAE000040531

As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily notify both the London Stock Exchange and JSE Limited of those
interests (and changes to those interests) of (i) directors of both entities
and the respective company secretaries, (ii) persons discharging managerial
responsibilities across the group, and (iii) in certain instances the directors
of significant subsidiaries of Investec Limited, in the securities of Investec
plc and Investec Limited which are required to be disclosed under the
Disclosure Rules of the United Kingdom Listing Authority and/or the JSE Listing
Requirements.

Accordingly, we advise of the following transaction in the securities of
Investec Limited, a South African incorporated and listed company, by a
director of Investec plc and Investec Limited:

INVESTEC LIMITED - DEALING IN SECURITIES

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:

Director: Bernard Kantor

Date of transactions: 2 September 2005

Class of shares: Ordinary

Nature of transaction: Purchase of shares as result of exercise of options

Number of shares: 200,000

Price per share: ZAR225.00

Nature of interest: Indirect beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg

5 September 2005

Sponsor:

Investec Bank Limited