Director Shareholding

Investec Limited

(Incorporated in the Republic of South Africa)

(Reg no: 1925/002833/06)

Share code: INL

ISIN code: ZAE000040531

Investec plc

(Incorporated in the United Kingdom)

(Registration number: 363621)

Share code: INP

ISIN: GB0031773103

INVESTEC BANK LIMITED - DEALING IN SECURITIES

As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily notify both the London and Johannesburg Stock Exchanges of those
interests (and changes to those interests) of directors of both entities and
the respective company secretaries, 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/or the JSE Listing Requirements.

Accordingly, we advise of the following announcement released on the
Johannesburg Stock Exchange in relation to a director of Investec Bank Limited,
a South African incorporated subsidiary of Investec Limited:

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

Director of major subsidiary: Bradley Tapnack

Date of transactions: 24 June 2005

Class of shares: Investec plc ordinary shares (INP)

Nature of transaction: Sale of shares pursuant to exercise of options

Number of shares: 7,875

Exercise price: ZAR164.50

Transaction price: ZAR210.78

Nature of interest: Direct beneficial

Class of shares: Investec Ltd ordinary shares (INL)

Nature of transaction: Sale of shares pursuant to exercise of options

Number of shares: 4,625

Exercise price: ZAR164.50

Transaction price: ZAR204.10

Nature of interest: Direct beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg

27 June 2005

Sponsor:

Investec Bank Limited