IBL Director shareholding

Investec PLC
04 January 2005


Investec Bank Limited, South Africa

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 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 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:                            David Lawrence
Number of shares:                    2 975 Investec Limited shares
Price per share:                     R186.50
Date of transaction:                 3 January 2005
Class of shares:                     Ordinary shares
Nature of transaction:               Sale of shares, subsequent to exercising of 
                                     share options
Nature of interest:                  Direct beneficial

Director:                            David Lawrence
Number of shares:                    5 775 Investec plc shares
Price per share:                     R186.50
Date of transaction:                 3 January 2005
Class of shares:                     Ordinary shares
Nature of transaction:               Sale of shares, subsequent to exercising of 
                                     share options
Nature of interest:                  Direct beneficial

Clearance: Clearance obtained in terms of Rule 3.66.

Enquiries:
Richard Vardy
UK Group Company Secretary
[phone]




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