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INVESTEC LIMITED - DEALINGS IN SECURITIES                                       
Investec Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Reg no: 1925/002833/06)                                                        
Share code: INL                                                                 
ISIN code: ZAE000040531                                                         
DEALING IN SECURITIES                                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director of Investec Bank Limited:      Bradley Tapnack                         
Date of transactions:                   16 February 2005                        
Class of shares:                        Preference shares (Share code: INPR)    
Nature of transaction:                  Purchase                                
Price per share:                        R104.50                                 
Number of shares:                       1900                                    
Nature of interest:                     Beneficial                              
Number of shares:                       1900                                    
Nature of interest:                     Non-beneficial                          
Clearance was obtained for the above dealings in securities.                    
Johannesburg                                                                    
17 February 2005                                                                
Sponsor:                                                                        
Investec Bank Limited

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