Holding(s) in Company

Investec PLC
21 January 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

In respect of the shareholder named above.


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Number of Shares        Registered Holder
6,598,567               Old Mutual Life Assurance Company (South Africa) Ltd
379,307                 Old Mutual Unit Trusts (SA)
30,000                  Omnibon No. 13 (Pty) Limited
400                     Old Mutual Life Assurance Company (South Africa) Ltd
34,059                  Old Mutual Life Assurance Company (South Africa) Ltd
11,578                  Old Mutual Life Assurance Company (South Africa) Ltd
3,077,168               Old Mutual Asset Managers (South Africa) Ltd (Managed fund client assets)
143,763                 Old Mutual Life Assurance Company (Namibia) Ltd
67,398                  Old Mutual Asset Managers (Namibia) Ltd (Managed fund client assets)
206,067                 Old Mutual Global Asset Fund
423,300                 Old Mutual South Africa Equity Trust Limited
95,300                  Nedcor Bank Nominees Ltd
592,968                 Standard Bank Nominees Ltd
8,162                   Computershare Nominees
160,500                 ABSA Nominees
30,870                  CGU Insurance Ltd (Part of Mutual & Federal Group)
12,600                  Sentrasure Ltd (Part of Mutual & Federal Group)
181,069                 Nedcor Nominees Ltd
381,371                 Nedcor Nominees Ltd and Standard Bank Nominees Ltd
15,374                  NIBi Nominees
92,602                  Marser Nominees
3,419                   Syfrets Nominees
288                     HSBC Global Custody (UK) Ltd Nominees
945                     Acadian Asset Management


5. Number of shares / amount of stock acquired
N/A

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
14,640

8. Percentage of issued class
0.01%

9. Class of security
Ordinary shares of £0.001 each

10. Date of transaction
14 January 2003

11. Date company informed
21 January 2003

12. Total holding following this notification
12,547,075

13. Total percentage holding of issued class following this notification
16.81%

14. Any additional information
N/A

15. Name of contact and telephone number for queries
Kerry Thomas

Deputy Group Secretary
Tel: [phone]

16. Name and signature of authorised company official responsible for making
this notification
Kerry Thomas

Deputy Group Secretary

Date of notification
21 January 2003

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document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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