Director/PDMR Shareholding

Investec PLC
22 December 2006


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                           JSE share code: INP
ISIN: ZAE000081949                            ISIN: GB00B17BBQ50

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 (i) directors of both entities and the respective
company secretaries, (ii) persons discharging managerial responsibilities
(PDMRs) across the group, 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 the Disclosure Rules of the
United Kingdom Listing Authority (the 'UKLA') and/or the JSE Listing
Requirements.


Accordingly, we advise of the following changes to attributable interests in the
ordinary shares of Investec plc and Investec Limited:


ATTRIBUTABLE INTERESTS IN THE ORDINARY SHARE CAPITAL OF INVESTEC PLC AND
INVESTEC LIMITED



1. TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH.

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise 
of the following transaction:


(a)     Dealings by a Director of Investec plc and Investec Limited - Mr.
Bernard Kantor

Transaction notified in terms of:  DR3.1.4R(1)(a) and DR3.1.4R(1)(b)
Nature of transaction              The 57,770 shares were disposed following the
                                   exercise on the 20th December 2006 of 57,770
                                   options held in terms of the Investec plc
                                   Share Option Plan 2002. The date of grant for
                                   these options was the 20th December 2002 with
                                   an exercise price of GBP1.59. Following this
                                   notification, Mr Kantor holds options over
                                   72,905 ordinary shares in Investec plc in
                                   terms of the above plan and options over
                                   750,000 ordinary Investec plc shares in terms
                                   of The Investec Share Matching Plan 2005.
Share                              Investec plc shares
No of shares                       57,770
Exercise price                     GBP1.59 per share
Transaction price                  GBP 6.24 per share
Date and place of transaction      20 December 2006, London


(b)     Transactions by a Person Discharging Managerial Responsibility ('PDMR'):


(i) Mr. Hendrik Du Toit

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec plc shares
No of shares                    38,130
Exercise price                  GBP1.59 per share
Transaction price               GBP6.25 per share
Date and place of transaction   20 December 2006, London


(ii) Mr. Bradley Fried

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec plc shares
No of shares                    42,255
Exercise price                  GBP1.59 per share
Transaction price               GBP6.46 per share
Date and place of transaction   21 December 2006, London


(iii) Mr. Steven Heilbron

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec plc shares
No of shares                    79,380
Exercise price                  GBP1.59 per share
Transaction price               GBP6.46 per share
Date and place of transaction   21 December 2006, London


(iv) Mr. Sam Hackner

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec plc shares
No of shares                    41,250
Exercise price                  ZAR 22.39 per share
Transaction price               ZAR 88.00 per share
Date and place of transaction   21 December 2006, Johannesburg


(c)     Transactions by a Director of a major subsidiary of Investec Limited -
Mr. David Lawrence

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec plc shares
No of shares                    28,875
Exercise price                  ZAR 22.39 per share
Transaction price               ZAR 86.05 per share
Date and place of transaction   20 December 2006, Johannesburg


(d)     Dealings in the securities of Investec plc by the Company Secretary of
Investec plc

                               Richard Vardy - Company Secretary of Investec plc
Nature of transaction          Sale of shares pursuant to exercise of options
Share                          Investec plc shares
No of shares                   180
Exercise price                 GBP1.59 per share
Transaction price              GBP6.28 per share
Date and place of transaction  20 December 2006, London


(e)     Dealings in the securities of Investec plc by the Company Secretary of
Investec Limited

                              Selwyn Noik - Company Secretary of Investec
                              Limited
Nature of transaction         Sale of shares pursuant to exercise of options
Share                         Investec plc shares
No of shares                  2,475
Exercise price                ZAR 22.39 per share
Transaction price             ZAR 88.23 per share
Date and place of transaction 21 December 2006, Johannesburg



2. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH.

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise 
of the following transaction:


(a)     Transactions by a Person Discharging Managerial Responsibility ('PDMR')


(i) Mr. Hendrik Du Toit

Nature of transaction         Sale of shares pursuant to exercise of options - 
                              Share Appreciation Plan.
Share                         Investec Limited shares - share appreciation plan
No of shares                  19,640
Exercise price                ZAR 22.26 per share
Transaction price             ZAR 83.09 per share
Date and place of transaction 20 December 2006, Johannesburg



(ii) Mr. Bradley Fried

Nature of transaction         Sale of shares pursuant to exercise of options - 
                              Share Appreciation Plan.
Share                         Investec Limited shares - share appreciation plan
No of shares                  21,770
Exercise price                ZAR 22.26 per share
Transaction price             ZAR 86.25 per share
Date and place of transaction 21 December 2006, Johannesburg




(iii) Mr. Steven Heilbron

Nature of transaction         Sale of shares pursuant to exercise of options - 
                              Share Appreciation Plan.
Share                         Investec Limited shares - share appreciation plan
No of shares                  40,890
Exercise price                ZAR 22.26 per share
Transaction price             ZAR 86.25 per share
Date and place of transaction 21 December 2006, Johannesburg




(iv) Mr. Sam Hackner

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec Limited shares
No of shares                    21,250
Exercise price                  ZAR 22.26 per share
Transaction price               ZAR 85.00 per share
Date and place of transaction   21 December 2006, Johannesburg


(b)     Transactions by a Director of a major subsidiary of Investec Limited -
Mr. David Lawrence

Nature of transaction           Sale of shares pursuant to exercise of options
Share                           Investec Limited shares
No of shares                    14,875
Exercise price                  ZAR 22.26 per share
Transaction price               ZAR 83.23 per share
Date and place of transaction   20 December 2006, Johannesburg


(c)     Dealings in the securities of Investec Limited by the Company Secretary
of Investec plc

                               Richard Vardy - Company Secretary of Investec plc
Nature of transaction          Sale of shares pursuant to exercise of options -
                               Share Appreciation Plan.
Share                          Investec Limited shares - Share Appreciation Plan
No of shares                   90
Exercise price                 ZAR 22.26 per share
Transaction price              ZAR 83.09 per share
Date and place of transaction  20 December 2006, Johannesburg



(d)     Dealings in the securities of Investec Limited by the Company Secretary
of Investec Limited

                               Selwyn Noik - Company Secretary of Investec
                               Limited
Nature of transaction          Sale of shares pursuant to exercise of options
Share                          Investec Limited shares
No of shares                   1,275
Exercise price                 ZAR 22.26 per share
Transaction price              ZAR 85.33 per share
Date and place of transaction  21 December 2006, Johannesburg



Clearance was obtained for the above dealings in securities.


Johannesburg and London


22 December 2006


Sponsor:

Investec Bank Limited



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