Holding(s) in Company

Investec PLC
24 September 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     INVESTEC PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     OLD MUTUAL PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     PLEASE SEE BELOW

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     PLEASE SEE BELOW

5)   Number of shares/amount of stock acquired.

     13,707,040

6)   (18.35%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   (N/A %) of issued Class

9)   Class of security

     £0.001 ORDINARY SHARES

10)  Date of transaction

     N/A

11)  Date company informed

     23.9.02

12)  Total holding following this notification

     13,707,040
               
13)  Total percentage holding of issued class following this notification

     18.35%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MR R. VARDY, COMPANY SECRETARY
     0207 597 4485

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .....24/9/2002...................



BOX 3

HOLDINGS BY THE LIFE ASSURANCE COMPANIES WITHIN THE OLD MUTUAL GROUP ARE 
BENEFICIAL HOLDINGS AS THEY CAN EXERCISE VOTING RIGHTS. THE HOLDINGS BY SUCH
COMPANIES ARE IN CONNECTION WITH POLICYHOLDERS' FUNDS AND ARE MANAGED ON
POLICYHOLDERS' BEHALF.

THE OTHER HOLDINGS ARE HELD ON A DISCRETIONARY OR NON-DISCRETIONARY BASIS ON
BEHALF OF INVESTMENT CLIENTS.


NO CHANGE NOTIFICATION

OLD MUTUAL PLC HAS NOTIFIED US THAT AS AT 23rd SEPTEMBER, 2002 IT HELD AN
INTEREST IN THE SHARES OF INVESTEC PLC AMOUNTING TO 18.35%.

NO NEW TRANSACTION HAS TAKEN PLACE AND THIS IS MERELY A NOTIFICATION OF A
HOLDING THAT CAME INTO EXISTENCE UPON THE DE-MERGER AND LISTING OF INVESTEC
PLC IN JULY THIS YEAR.



INTERESTS IN INVESTEC PLC BY OLD MUTUAL COMPANIES (OLD MUTUAL INTERESTS *)

HOLDING         REGISTERED HOLDER            INVESTMENT MANAGER
ORDINARY SHARES

  7311499       *OLD MUTUAL LIFE ASSURANCE   *OLD MUTUAL ASSET MANAGERS    9.80%
                COMPANY (SOUTH AFRICA) LTD   (SOUTH AFRICA) (PTY) LTD    

   472265       *OLD MUTUAL UNIT TRUSTS      *OLD MUTUAL ASSET MANAGERS    0.63%
                (SA) LTD                     (SOUTH AFRICA) (PTY) LTD     

     3997       *OLD MUTUAL UNIT TRUSTS      *OLD MUTUAL ASSET MANAGERS    0.01%
                (NAMIBIA) LTD                (SOUTH AFRICA) (PTY) LTD     

  3238871       *OLD MUTUAL ASSET MANAGERS   *OLD MUTUAL ASSET MANAGERS    4.34%
                (SOUTH AFRICA) LTD           (SOUTH AFRICA) (PTY) LTD     
                (MANAGED FUND CLIENT ASSETS)

   156092       *OLD MUTUAL LIFE ASSURANCE   *OLD MUTUAL ASSET MANAGERS    0.21%
                COMPANY (NAMIBIA) LTD        (NAMIBIA) (PTY) LTD          

   142057       *OLD MUTUAL ASSET MANAGERS   *OLD MUTUAL ASSET MANAGERS    0.19%
                (NAMIBIA) LTD                (NAMIBIA) (PTY) LTD          
                (MANAGED FUND CLIENT ASSETS)

   206067       *OLD MUTUAL GLOBAL ASSET     *OLD MUTUAL ASSET MANAGERS    0.28%
                FUND                         (BERMUDA) LTD

   423300       *OLD MUTUAL SOUTH AFRICAN    *OLD MUTUAL ASSET MANAGERS    0.57%
                TRUST                        (BERMUDA) LTD

    27631       *OLD MUTUAL LIFE ASSURANCE   PRUDENTIAL PORTFOLIO          0.04%
                COMPANY (SOUTH AFRICA) LTD   MANAGERS S.A. LTD          
                                             (NOT AN OLD MUTUAL COMPANY)

   135000       *NEDCOR BANK NOMINEES LTD    *BOE ASSET MANAGEMENT         0.18%
                                             LIMITED

   617526       STANDARD BANK NOMINEES LTD   *BOE ASSET MANAGEMENT         0.83%
                                             LIMITED

     5545       COMPUTERSHARE NOMINEES       *BOE ASSET MANAGEMENT LIMITED 0.01%

   164000       ABSA NOMINEES                *BOE ASSET MANAGEMENT LIMITED 0.22%

    30870       *CGU INSURANCE LTD (PART OF  N/A                           0.04%
                MUTUAL & FEDERAL GROUP)                                         

    43470       *SENTRASURE LTD (PART OF     N/A                           0.06%

   419613       *NEDCOR NOMINEES LTD         *NEDCOR INVESTMENT BANK LTD   0.56%

   238042       STANDARD BANK NOMINEES LTD   *NEDCOR INVESTMENT BANK LTD   0.32%

    68695       ABSA NOMINEES                *NEDCOR INVESTMENT BANK LTD   0.09%

     2500       *GNI LTD                     N/A                           0.00%

 13707040       TOTAL ORDINARY SHARES                                     18.37%

                      This information is provided by RNS
            The company news service from the London Stock Exchange