INL,INP,ILRP2 : Preference share partial redemption announcement

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: ILRP2 LSE share code: INVP ISIN: ZAE000202990 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 Preference share partial redemption announcement Class ILRP2 redeemable, cumulative non-participating preference shares ('Preference Shares') Partial redemption of Preference Shares Notice is hereby given that 26 288 Preference Shares will be redeemed on 19 May 2017 pursuant to a bespoke offer that was made by Investec Limited to a specific preference shareholder, which offer was accepted by such shareholder, in accordance with clause 46 of the Applicable Pricing Supplement of the Preference Shares. The early redemption will take place at an amount of 100 769.99601 cents per Preference Share being a return of capital of 100 000 cents per Preference Share plus accrued dividends in respect of the period from and including 01 April 2017 up to, but excluding, 19 May 2017, which amounts to 769.99601 cents per Preference Share. Salient features of the redemption of the 26 288 Preference Shares are listed below: Issuer Investec Limited Instrument Redeemable cumulative non- participating preference shares Early Redemption date 19 May 2017 Number of shares redeemed 26 288 Number of shares outstanding 236 594 post this early redemption JSE Share Code ILRP2 ISIN ZAE000202990 Additional information to take note of: - The Investec Limited company tax reference number: 9800/181/71/2 - 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 153.99920 cents per share - The net dividend amounts to 615.99681 cents per preference share for shareholders liable to pay the Dividend Tax and 769.99601 cents per preference share for preference shareholders exempt from paying the Dividend Tax. By order of the board N van Wyk Company Secretary Investec Limited 16 May 2017 Johannesburg Sponsor: Investec Bank Limited Date: 16/05/2017 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.