Clarification of the final preference share dividend and redemption announcement released on 28 February 2017 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: ILRP1 LSE share code: INVP ISIN: ZAE000183216 JSE share code: INP JSE ordinary share code: INL ISIN: GB00B17BBQ50 NSX ordinary share code: IVD BSE ordinary share code: INVESTEC ISIN: ZAE000081949 INVESTEC LIMITED Clarification of the final preference share dividend and redemption announcement released on 28 February 2017 Class ILRP1 redeemable, cumulative non-participating preference shares (“Preference Shares”) Further to the announcement that was released on 28 February 2017 regarding the Class ILRP1 Preference Shares, the relevant dates relating to the payment of the final dividend and the redemption have been amended to the following: Last day to trade cum-dividend Tuesday, 14 March 2017 Shares commence trading ex-dividend / Suspension date Wednesday, 15 March 2017 Record date Friday, 17 March 2017 Payment date Monday, 20 March 2017 Termination date Wednesday, 22 March 2017 Share certificates may not be dematerialised or rematerialised after Tuesday, 14 March 2017. Additional information to take note of: - The Investec Limited company tax reference number: 9800/181/71/2 - The issued class ILRP1 preference share capital of Investec Limited is 333 863 preference shares - The dividend paid by Investec Limited is subject to South African Dividend Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax Agreements as legislated) equal to 250.24870 cents per share - The net dividend amounts to 1 000.99482 cents per preference share for shareholders liable to pay the Dividend Tax and 1 251.24352 cents per preference share for preference shareholders exempt from paying the dividend tax. Salient features of the redemption of the 333 863 Preference Shares are listed below: Issuer Investec Limited Instrument Redeemable cumulative non- participating preference shares Redemption date 20 March 2017 Number of shares redeemed 333 863 Number of shares outstanding Nil post this redemption JSE Share Code ILRP1 ISIN ZAE000183216 14 March 2017 Johannesburg Sponsor: Investec Bank Limited Date: 14/03/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.