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 NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 (jointly “Investec”) 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 receipt of the following TR-1 notification: TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Investec PLC tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Norges Bank City and country of registered office (if applicable) Oslo, Norway 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 09/02/2021 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 11/02/2021 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights at- Total number of through financial instru- Total of both in % tached to shares (to- voting rights held ments (8.A + 8.B) tal of 8. A) in issuervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which 2.94% 2.94% 696,082,618.00 threshold was crossed or reached Position of previous notification (if 3.40% 3.40% applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares Direct Indirect Direct Indirect ISIN code (if possible) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) GB00B17BBQ50 20,522,391.00 2.94% SUBTOTAL 8. A 20,522,391.00 2.94% B 1: Financial Instruments according to DTR5.3.1R (1) (a) Number of voting rights Type of financial in- Expiration Exercise/ that may be acquired if % of voting rights strument datex Conversion Periodxi the instrument is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Exercise/ Physical or Type of finan- Expiration Number of Conversion Pe- cash % of voting rights cial instrument datex voting rights riod xi settlement xii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does X not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal enti- tyxiv (please add additional rows as necessary) % of voting rights % of voting rights if it through financial instru- Total of both if it equals Namexv equals or is higher than ments if it equals or is or is higher than the no- the notifiable threshold higher than the notifia- tifiable threshold ble threshold 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional informationxvi Place of completion Oslo Date of completion 11/02/2021 Johannesburg and London 11 February 2021 Sponsor: Investec Bank Limited Date: 11-02-2021 05:00:00 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.