(jointly the "Investec Group")

As part of the Dual Listed Company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listings Requirements.

Accordingly we advise of the following:

NOTICE OF THE ANNUAL GENERAL MEETINGS OF INVESTEC PLC AND INVESTEC LIMITED; ISSUE OF THE INVESTEC GROUP'S 2021 ANNUAL REPORT AND CHANGE STATEMENT

i)    The Annual General Meetings of Investec plc and Investec Limited will be held as a combined electronic and physical meeting. The Annual General Meeting of Investec plc will be held by webcast and at the registered office of Investec plc at 30 Gresham Street, London EC2V 7QP, at 11:00 (UK time) on Thursday, 05 August 2021. In accordance with the Dual Listed Company structure, the parallel Annual General Meeting of Investec Limited will be held by webcast and at the registered office of Investec Limited at 100 Grayston Drive, Sandown, Sandton, at 12:00 (South African time) on Thursday, 05 August 2021.  The guide to joining the Annual General Meetings of Investec plc and Investec Limited electronically may be found in the respective Notices of the Annual General Meeting. The record date in order to be eligible to vote at the Annual General Meeting of Investec Limited is Friday, 30 July 2021, and accordingly the last day to trade is Tuesday, 27 July 2021.

ii)    The Investec Group's 2021 Annual Report for the year ended 31 March 2021 and Notices of the Annual General Meeting of Investec plc and Investec Limited have been issued and distributed to shareholders today, 30 June 2021.

iii)   The audited annual financial statements for the year ended 31 March 2021 for Investec plc and Investec Limited, on which the auditors expressed an unmodified audit opinion, contain the following change to the provisional consolidated results for the year ended 31 March 2021 as published on 21 May 2021:

The Investec Group has an interest in a material associate and included in the provisional consolidated results the Investec Group's share of profit attributable to ordinary shareholders and movements in other comprehensive income that was equity accounted for the year.

The Investec Group received the audited results of the material associate that was completed and signed on 02 June 2021, post 21 May 2021, and upon inspection of the statement of changes in equity of the associate identified a direct reduction of ordinary equity of £42.4 million. The reduction related to the accounting for acquisitions and disposals of certain subsidiary entities' equity shares to and from non-controlling shareholders at agreed values. As a result, the excess purchase consideration above consolidated net asset values of the related subsidiaries is recognised as a direct debit against equity.

As a result of these transactions, the Investec Group accounted for its share in the reduction in equity by reducing the value of the "Interests in associated undertakings" line in the combined consolidated balance sheet and by reducing equity, directly in the combined consolidated statement of changes in equity, by £20.1 million. The adjustment had no impact on the combined consolidated income statement, the combined consolidated statement of total comprehensive income, basic earnings per share and headline earnings per share. The adjustment was accounted for as an adjusting post balance sheet event. The impact of this adjustment is detailed in the balance sheet that follows.

iv)   The unqualified Audit Reports by Ernst and Young Inc. and KPMG Inc. are available for inspection at the registered office of Investec Limited until the Annual General Meetings have commenced.

A copy of the following documents can be viewed on Investec's website at www.investec.com, and will shortly be available for inspection at the National Storage Mechanism (where required), https://data.fca.org.uk/#/nsm/nationalstoragemechanism

·      Investec Group's 2021 Annual Report

·      Investec plc's 2021 audited consolidated Annual Report

·      Investec Limited's 2021 audited consolidated Annual Report

·      Notices of the Annual General Meeting of Investec plc and Investec Limited, including the Proxy Form for Investec Limited 

Enquiries:

David Miller                                                                               Niki van Wyk

Company Secretary                                                                   Company Secretary

Investec plc                                                                              Investec Limited

+44 (0)207 597 4000                                                                  +27 11 286 7000

Johannesburg and London

Date:  30 June 2021

Sponsor:

Investec Bank Limited