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Fri 27 Feb 2004, 13:09 DEALING IN SECURITIES BY DIRECTOR
INVESTEC LIMITED/ INVESTEC PLC - DEALING IN SECURITIES BY DIRECTOR              
  Investec Limited                                                                
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1925/002833/06)                                            
  Share code:  INL   ISIN: ZAE000012555                                           
  Investec Plc                                                                    
  (Incorporated in the United Kingdom)                                            
  (Registration number 3633621)                                                   
  Share code:  INP   ISIN: GBO031773103                                           
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Non- executive director  :    Ian Kantor                                        
  Number of options        :    200 000                                           
  Average price per options:    R110                                              
  Date of transaction      :    26 February 2004                                  
  Class of shares          :    European Call over INL shares                     
  Nature of transaction    :    Purchase                                          
  Nature of interest       :    Beneficial                                        
  Expiry date of options   :    19 February 2007                                  
  Clearance has been obtained from the Company Secretary.                         
  Non- executive director  :    Ian Kantor                                        
  Number of options        :    200 000                                           
  Average price per options:    R136.83                                           
  Date of transaction      :    26 February 2004                                  
  Class of shares          :    European Call over INL shares                     
  Nature of transaction    :    Purchase                                          
  Nature of interest       :    Beneficial                                        
  Expiry date of options   :    19 February 2007                                  
  Clearance has been obtained from the Company Secretary.                         
  Non- executive director  :    Ian Kantor                                        
  Number of options        :    200 000                                           
  Average price per options:    R136.83                                           
  Date of transaction      :    26 February 2004                                  
  Class of shares          :    European Put over INL shares                      
  Nature of transaction    :    Sale                                              
  Nature of interest       :    Beneficial                                        
  Expiry date of options   :    19 February 2007                                  
  Clearance has been obtained from the Company Secretary.                         
  Date: 27/02/2004 01:00:03 PM Produced by the JSE SENS Department                
                                                                                  
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