Director Shareholding

Director Shareholding

As part of the dual listed company structure, Investec plc and Investec Limited
notify both the London and Johannesburg Stock Exchanges of those interests (and
changes to those interests) of directors of both entities, and 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 Listing Rules of the United Kingdom Listing Authority and
the JSE Listing Requirements.

Accordingly, we advise of the following announcement released on the
Johannesburg Stock Exchange in relation to a director of a major subsidiary:

Investec Limited

(Incorporated in the Republic of South Africa)

(Reg no: 1925/002833/06)

Share code: INL

ISIN code: ZAE000040531

Investec plc

(Reg no: 3633621)

Share code: INP

ISIN: GB0031773103

DEALING IN SECURITIES

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

Director of a major subsidiary: Kevin Kerr

Date of transaction: 17 June 2005

Nature of interest: Direct beneficial

Class of share: Investec Ltd preference shares (share code: INPR)

Nature of transaction: Sale

Number of shares: 9,184

Price per share: R107.60

Date of transaction: 20 June 2005

Nature of interest: Direct beneficial

Class of shares: Investec Ltd ordinary shares (INL)

Investec plc ordinary shares (INP)

Nature of transaction: Sale

Number of shares: INL - 2,108

INP - 5,450

Price per share: INL - R216.20

INP - R219.50

Clearance was obtained for the above dealings in securities.

Johannesburg

21 June 2005

Sponsor:

Investec Bank Limited

Enquiries:

Richard Vardy

Company Secretary

Investec PLC

[phone]

London

21 June 2005




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