Trading Statement

Investec PLC
07 April 2005



         Investec plc and Investec Limited ('Investec' or 'the group')


                               Trading statement
                               ------------------

         Investec to report strong performance for 2005 financial year

    Outlook positive across all geographies and key business areas for 2006

Investec is currently finalising its results for the year to 31 March 2005,
which will be released on 19 May 2005.

The group is pleased to report to shareholders that earnings per share (before
exceptional items and goodwill amortisation) for the year ended 31 March 2005 is
likely to be in the range of 135 pence to 143 pence. This compares to the 103.8
pence reported for the year ended 31 March 2004.

Operating fundamentals continue to show positive trends with a strong
performance from all of key business areas and geographies. The group looks
forward to 2006 with confidence.

Note:
The forecast financial information on which this statement is based has not been
reviewed and reported on by the group's auditors. These disclosures are made in
terms of paragraph 3.4 (b)(i) of the JSE Securities Exchange South Africa
Listings Requirements which requires companies to publish a trading statement as
soon as they are satisfied that the results for the period to be reported on
next will differ by at least 20% from the previous corresponding period.

For further information please contact:

Investor Relations                               Citigate Dewe Rogerson
Ursula Munitich                                  Sara Batchelor
[phone]                                 [phone]
[e-mail]


About Investec

Investec is an international specialist banking group that provides a diverse
range of financial products and services to a niche client base in three
principal markets, the United Kingdom, South Africa and Australia as well
as certain other countries. The group was established in 1974 and currently has
approximately 4 200 employees.

Investec focuses on delivering distinctive profitable solutions for its clients
in five core areas of activity namely, Private Client Activities, Treasury and
Specialised Finance, Investment Banking, Asset Management and Property
Investment Banking and Asset Management.

In July 2002 the Investec group implemented a dual listed company structure with
listings on the London and Johannesburg Stock Exchanges. Management and staff
own approximately 20% of the equity share capital of the group.

At 30 September 2004, total shareholders' funds were £765 million, third party
assets under management were £36 billion and core loans and advances were £5.5
billion. The combined group's current market capitalisation is approximately
£1.8 billion.



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