Investec PLC — Director's Dealing 2026

May 29, 2026

National Storage Mechanism | Additional information

RNS Number : 2992G

Investec PLC

29 May 2026

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE share code: INL JSE hybrid code: INPR JSE debt code: INLV NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 LEI: 213800CU7SM6O4UWOZ70	Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22

Transactions in Investec plc and Investec Limited Ordinary Shares

As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listings Requirements.

On 27 May 2026, the Remuneration Committee duly approved the awards to Investec staff. Accordingly, we advise of the following transactions in shares, dated 28 May 2026:

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")  

1.   Interests in Investec plc Ordinary Shares - Executive Directors

On 28 May 2026 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fani Titi

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 7 from award. Subject to a 12-month retention period upon vesting.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	99 987 275 000

e)

Aggregated information

- Aggregated volume

- Price

374 987

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nishlan Samujh

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 7 from award. Subject to a 12-month retention period upon vesting.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	66 658   183 334

e)

Aggregated information

- Aggregated volume

- Price

249 992

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

In addition, pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec has assessed the attainment of the performance conditions relating to the June 2023 LTI award pursuant to the Investec plc Share Incentive Plan 2021, and accordingly the award will vest at 66.16% of the original award. The revised award is disclosed below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Fani Titi

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

June 2023 award of 188 236 conditional shares revised to 124 540 conditional shares pursuant to the Investec plc Share Incentive Plan 2021 upon the fulfilment of predetermined performance conditions as per the June 2023 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2023, subject to a 12-month retention period.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	124 540

e)

Aggregated information

- Aggregated volume

- Price

124 540

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nishlan Samujh

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

June 2023 award of 122 353 conditional shares revised to 80 951 conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2023 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2023, subject to a 12-month retention period.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	80 951

e)

Aggregated information

- Aggregated volume

- Price

80 951

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

2.   Interests in Investec plc Ordinary Shares - PDMRs and Directors of major subsidiaries

On 28 May 2026, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021 (the "Plan) :

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Cumesh Moodliar

2

Reason for the notification

a)

Position/status

PDMR and Director of Major Subsidiary

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting  in  years 3 to 5 from award with no further retention requirements.

2.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	103 115 103 115

e)

Aggregated information

- Aggregated volume

- Price

206 230

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Currie

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred in years 3 to 5 from award with no further retention requirements.

4.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil	7 784 2 816 28 641 28 641

e)

Aggregated information

- Aggregated volume

- Price

67 882

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stuart Spencer

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

4.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil	5 599 13 172 30 017 30 016

e)

Aggregated information

- Aggregated volume

- Price

78 804

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Abey Mokgwatsane

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

3.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil	1 376 16 182 16 181

e)

Aggregated information

- Aggregated volume

- Price

33 739

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lesley-Anne Gatter

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

3.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil	1 780 17 800 17 799

e)

Aggregated information

- Aggregated volume

- Price

37 379

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marc Kahn

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

4.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil	5 777 2 719 34 709 34 709

e)

Aggregated information

- Aggregated volume

- Price

77 914

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marle Van der Walt

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

4.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil	6 797 17 476 24 272 24 272

e)

Aggregated information

- Aggregated volume

- Price

72 817

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lyndon Subroyen

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.

2.   Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

4.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil 3.   Nil 4.   Nil	3 366 19 289 33 657 33 657

e)

Aggregated information

- Aggregated volume

- Price

89 969

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ruth Leas

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec plc

b)

LEI

2138007Z3U5GWDN3MY22

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of GBP0.0002 each

GB00B17BBQ50

b)

Nature of the transaction

1.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.

2.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	83 415 83 414

e)

Aggregated information

- Aggregated volume

- Price

166 829

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

London

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")  

3.   Interests in Investec plc Ordinary Shares - Company Secretary

In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements, we advise of the following changes to attributable interests in Investec plc by the Company:

On 28 May 2026, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

Company Secretary:	Number of forfeitable shares:
David Miller	3 990
Nature of interest	Indirect Beneficial

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES") 

1.   Interests in Investec Limited Ordinary Shares - PDMRs and Directors of Major Subsidiaries

On 28 May 2026, Investec made the following award in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan):

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rupesh Govan

2

Reason for the notification

a)

Position/status

Director of Major Subsidiary

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec Limited

b)

LEI

213800CU7SM6O4UWOZ70

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of ZAR0.0002 each

ZAE000081949

b)

Nature of the transaction

1.   Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.

2.   Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting from years 3 to 5 with no further retention requirements. The director is entitled to elect that a portion of this award be transferred to a share appreciation rights award type, the details of which will be included in a subsequent announcement.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	10 267 22 319

e)

Aggregated information

- Aggregated volume

- Price

32 586

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joubert Hay

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec Limited

b)

LEI

213800CU7SM6O4UWOZ70

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of ZAR0.0002 each

ZAE000081949

b)

Nature of the transaction

1.   Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.

2.   Award of conditional performance shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
1.   Nil 2.   Nil	59 054 26 894

e)

Aggregated information

- Aggregated volume

- Price

85 948

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lourens Janse van Rensburg

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec Limited

b)

LEI

213800CU7SM6O4UWOZ70

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of ZAR0.0002 each

ZAE000081949

b)

Nature of the transaction

1.   Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.

2.   Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 with no further retention requirements. The PDMR is entitled to elect that a portion of this award be transferred to a share appreciation rights award type, the details of which will be included in a subsequent announcement.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
3.   Nil 4.   Nil	107 127 59 515

e)

Aggregated information

- Aggregated volume

- Price

166 642

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley Gatter

2

Reason for the notification

a)

Position/status

Person closely associated with PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Investec Limited

b)

LEI

213800CU7SM6O4UWOZ70

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of ZAR0.0002 each

ZAE000081949

b)

Nature of the transaction

Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 with no further retention requirements.

c)

Nature of interest

Indirect Beneficial

d)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	4 836

e)

Aggregated information

- Aggregated volume

- Price

4 836

Nil

f)

Date of the transaction

28 May 2026

g)

Place of the transaction

Johannesburg

2.   Interests in Investec Limited Ordinary Shares - Company Secretary

In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements, we advise of the following changes to attributable interests in Investec Limited by the Company Secretary:

On 28 May 2026, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

Company Secretary:	Number of Forfeitable shares:
Niki van Wyk	3 990
Nature of interest	Indirect Beneficial

Clearance was obtained for the above awards granted.

London and Johannesburg

29 May 2026

Sponsor

Investec Bank Limited

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