Investec Limited intention to purchase Investec plc ordinary shares and to repurchase Investec Limited ordinary shares

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited (the "JSE") of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules, and Listing Rules of the Financial Conduct Authority (the "FCA") and/or the JSE Listings Requirements.

Shareholders are referred to the 31 March 2025 year end results announcement released on 22 May 2025, wherein shareholders were advised that Investec Limited intends to execute a share purchase and share buy-back programme of up to R2.5billion (c.£100million), pursuant to which Investec Limited would purchase Investec plc ordinary shares and would repurchase Investec Limited ordinary shares (collectively, "the Programme").

Investec is commencing the Programme and anticipates that this programme will be executed until 31 March 2026, subject to market conditions.

Investec Limited has entered into a mandate with Investec Markets (Proprietary) Limited (the "Broker") to conduct an on-market purchase of Investec plc ordinary shares and the repurchase of Investec Limited ordinary shares ("the Shares") ("the Mandate"). The Broker will act as principal and will purchase the Shares, on the Johannesburg Stock Exchange, the London Stock Exchange or other trading venues in the United Kingdom and South Africa on which the Shares are listed. The Shares will then be sold on by the Broker to Investec Limited.

The Broker shall not purchase shares or securities relating to the Shares on trading venues based in the United States of America or knowingly from any persons located in the United States of America, nor shall it knowingly undertake any other transactions or trading activity in connection with the Programme with persons located in the United States of America.

The Mandate will commence on 20 August 2025 and will end on or before 31 March 2026.

The repurchased Investec Limited shares will be cancelled and reinstated as authorised but unissued shares in the share capital of Investec Limited. The purchased Investec plc shares will be treated as if they were treasury shares in the consolidated annual financial statements of the Investec Group. Investec Limited has elected to waive voting and dividend rights of the purchased Investec plc shares unless notified otherwise.

For further information please contact:

Investec Investor Relations

General enquiries: investorrelations@investec.com

Qaqambile Dwayi                                 

SA Tel: +27 (11) 291 0178

UK Tel: +44 (20) 7597 5504

Johannesburg

20 August 2025

Sponsor:

Investec Bank Limited