INVESTEC LIMITED - TR-1: Standard form for notification of major holdings

TR-1: Standard form for notification of major holdings

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

TR-1: Standard form for notification of major holdings

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

Accordingly, we advise of the receipt of the following TR-1 notification:


1. Issuer Details
   ISIN
   GB00B17BBQ50

   Issuer Name
   INVESTEC PLC

   UK or Non-UK Issuer
   UK

2. Reason for Notification
   An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation
   Name
   Allan Gray Proprietary Limited

   City of registered office (if applicable)
   Cape Town

   Country of registered office (if applicable)
   South Africa

4. Details of the shareholder
   Full name of shareholder(s) if different from the person(s)
   subject to the notification obligation, above

   City of registered office (if applicable)
   Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
   19-Jan-2026

6. Date on which Issuer notified
   19-Jan-2026

7. Total positions of person(s) subject to the notification
   obligation
                                              % of voting
                         % of voting          rights through       Total of both   Total number of
                         rights attached      financial            in % (8.A +     voting rights
                         to shares (total     instruments          8.B)            held in issuer
                         of 8.A)              (total of 8.B 1 +
                                              8.B 2)

  Resulting
  situation on the
  date on which          3.047900             0.000000             3.047900        19664009
  threshold was
  crossed or
  reached

  Position of
  previous               2.899900             0.000000             2.899900
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
   the threshold was crossed or reached

8A. Voting rights attached to shares

                                            Number of
Class/Type of         Number of direct      indirect voting   % of direct voting   % of indirect                                           
shares ISIN code(if   voting rights         rights            rights (DTR5.1)      voting rights
possible)             (DTR5.1)              (DTR5.2.1)                             (DTR5.2.1)

GB00B17BBQ50          19664009              0                 3.047900             0.000000

Sub Total 8.A         19664009                                3.047900%


8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

                                                         Number of voting rights that      % of
Type of financial   Expiration Exercise/conversion       may be acquired if the            voting
instrument          date       period                    instrument is                     rights
                                                         exercised/converted
Sub Total 8.B1


8B2. Financial Instruments with similar economic effect
     according to (DTR5.3.1R.(1) (b))

Type of                                                                                    % of
financial        Expiration   Exercise/conversion     Physical or cash    Number of        voting
                 date         period                  settlement          voting rights    rights

Sub Total 8.B2

9. Information in relation to the person subject to the
   notification obligation

1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer.

                                    % of voting           % of voting rights         Total of both if it
                   Name of          rights if it equals   through financial          equals or is
Ultimate           controlled       or is higher than     instruments if it equals   higher than the
controlling person undertaking      the notifiable        or is higher than the      notifiable
                                    threshold             notifiable threshold       threshold


10. In case of proxy voting
    Name of the proxy holder


    The number and % of voting rights held


    The date until which the voting rights will be held


11. Additional Information

12. Date of Completion
    19-Jan-2026

13. Place Of Completion
    Cape Town, South Africa



Johannesburg and London
20 January 2026
Sponsor: Investec Bank Limited

Date: 20-01-2026 12:00:00
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