INVESTEC PLC ANNOUNCEMENT WITH RESPECT TO INVESTEC
INVESTEC PLC ANNOUNCEMENT WITH RESPECT TO INVESTEC BANK (ISRAEL) LTD, AN 80%
OWNED SUBSIDIARY
Investec plc
(Incorporated in the United Kingdom)
(Registration number 3633621)
Share code: INP ISIN code: GB0031773103
Investec plc announcement with respect to Investec Bank (Israel) Ltd, an 80%
owned subsidiary
In response to recent press coverage in Israel, Investec Bank (Israel) Ltd (`the
bank`), an 80% owned subsidiary of Investec plc, has made an announcement on the
Tel Aviv Stock Exchange regarding Investec plc`s intentions with respect to the
bank. In this regard, Investec plc is releasing this announcement to inform
stakeholders of the contents of the announcement released on the Tel Aviv Stock
Exchange.
The announcement stated that its controlling shareholders are reviewing business
alternatives that have been presented to them. Within this context, preliminary
discussions are being conducted with Bank Leumi. Should such preliminary
discussions come to fruition, it is possible that a change in the ownership of
the bank may result.
At present, the relevant regulatory authorities have been approached in order to
obtain their opinion on the matter. Once their opinion on the matter has been
received, the parties will consider whether they will resume discussions in this
regard.
In light of the above, there is no certainty that the preliminary discussions
will resume and progress into negotiations or result in a deal between the two
parties.
For further information please contact the Investor Relations Division on +27 11
286 7070 or investorrelations@investec.co.za
Sandton
9 June 2004
Date: 09/06/2004 02:00:18 PM Produced by the JSE SENS Department
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