Director/PDMR Shareholding
Investec Limited
Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE share code: INL
JSE hybrid code: INPR
JSE debt code: INLV
NSX share code: IVD
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
Investec plc
Incorporated in England and Wales
Registration number 3633621
LSE share code: INVP
JSE share code: INP
ISIN: GB00B17BBQ50
LEI: 2138007Z3U5GWDN3MY22
Transactions in Investec plc and Investec Limited Ordinary Shares
As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) across the group, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listings Requirements.
On 27 May 2026, the Remuneration Committee duly approved the awards to Investec staff. Accordingly, we advise of the following transactions in shares, dated 28 May 2026:
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
1. Interests in Investec plc Ordinary Shares - Executive Directors
On 28 May 2026 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 7 from award. Subject to a 12-month retention period upon vesting.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
99 987
275 000
e)
Aggregated information
- Aggregated volume
- Price
374 987
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 7 from award. Subject to a 12-month retention period upon vesting.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
66 658
183 334
e)
Aggregated information
- Aggregated volume
- Price
249 992
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
In addition, pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec has assessed the attainment of the performance conditions relating to the June 2023 LTI award pursuant to the Investec plc Share Incentive Plan 2021, and accordingly the award will vest at 66.16% of the original award. The revised award is disclosed below.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
June 2023 award of 188 236 conditional shares revised to 124 540 conditional shares pursuant to the Investec plc Share Incentive Plan 2021 upon the fulfilment of predetermined performance conditions as per the June 2023 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2023, subject to a 12-month retention period.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
124 540
e)
Aggregated information
- Aggregated volume
- Price
124 540
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
June 2023 award of 122 353 conditional shares revised to 80 951 conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2023 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2023, subject to a 12-month retention period.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
80 951
e)
Aggregated information
- Aggregated volume
- Price
80 951
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
2. Interests in Investec plc Ordinary Shares - PDMRs and Directors of major subsidiaries
On 28 May 2026, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021 (the "Plan) :
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Cumesh Moodliar
2
Reason for the notification
a)
Position/status
PDMR and Director of Major Subsidiary
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
2. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
103 115
103 115
e)
Aggregated information
- Aggregated volume
- Price
206 230
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Currie
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred in years 3 to 5 from award with no further retention requirements.
4. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
4. Nil
7 784
2 816
28 641
28 641
e)
Aggregated information
- Aggregated volume
- Price
67 882
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Spencer
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
4. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
4. Nil
5 599
13 172
30 017
30 016
e)
Aggregated information
- Aggregated volume
- Price
78 804
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Abey Mokgwatsane
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
3. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
1 376
16 182
16 181
e)
Aggregated information
- Aggregated volume
- Price
33 739
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lesley-Anne Gatter
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
3. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
1 780
17 800
17 799
e)
Aggregated information
- Aggregated volume
- Price
37 379
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marc Kahn
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
4. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
4. Nil
5 777
2 719
34 709
34 709
e)
Aggregated information
- Aggregated volume
- Price
77 914
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marle Van der Walt
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
4. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
4. Nil
6 797
17 476
24 272
24 272
e)
Aggregated information
- Aggregated volume
- Price
72 817
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lyndon Subroyen
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of forfeitable shares representing the upfront component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12-month retention period.
2. Award of conditional shares representing the deferred component of Short-Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 4 from award with no further retention requirements.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
4. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
3. Nil
4. Nil
3 366
19 289
33 657
33 657
e)
Aggregated information
- Aggregated volume
- Price
89 969
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ruth Leas
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec plc
b)
LEI
2138007Z3U5GWDN3MY22
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
b)
Nature of the transaction
1. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 from award with no further retention requirements.
2. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
83 415
83 414
e)
Aggregated information
- Aggregated volume
- Price
166 829
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
London
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
3. Interests in Investec plc Ordinary Shares - Company Secretary
In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements, we advise of the following changes to attributable interests in Investec plc by the Company:
On 28 May 2026, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
Company Secretary:
Number of forfeitable shares:
David Miller
3 990
Nature of interest
Indirect Beneficial
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
1. Interests in Investec Limited Ordinary Shares - PDMRs and Directors of Major Subsidiaries
On 28 May 2026, Investec made the following award in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan):
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rupesh Govan
2
Reason for the notification
a)
Position/status
Director of Major Subsidiary
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec Limited
b)
LEI
213800CU7SM6O4UWOZ70
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
1. Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting from years 3 to 5 with no further retention requirements. The director is entitled to elect that a portion of this award be transferred to a share appreciation rights award type, the details of which will be included in a subsequent announcement.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
10 267
22 319
e)
Aggregated information
- Aggregated volume
- Price
32 586
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Joubert Hay
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec Limited
b)
LEI
213800CU7SM6O4UWOZ70
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
1. Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.
2. Award of conditional performance shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with a performance period from 1 April 2026 to 31 March 2029 with deferred vesting in years 3 to 5 from award with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
2. Nil
59 054
26 894
e)
Aggregated information
- Aggregated volume
- Price
85 948
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lourens Janse van Rensburg
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec Limited
b)
LEI
213800CU7SM6O4UWOZ70
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
1. Award of forfeitable shares representing a component of Short-Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 1 to 3 from award with no further retention requirements.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 with no further retention requirements. The PDMR is entitled to elect that a portion of this award be transferred to a share appreciation rights award type, the details of which will be included in a subsequent announcement.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
3. Nil
4. Nil
107 127
59 515
e)
Aggregated information
- Aggregated volume
- Price
166 642
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bradley Gatter
2
Reason for the notification
a)
Position/status
Person closely associated with PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Investec Limited
b)
LEI
213800CU7SM6O4UWOZ70
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Ltd Share Incentive Plan 2021. Issued for nil consideration with deferred vesting in years 3 to 5 with no further retention requirements.
c)
Nature of interest
Indirect Beneficial
d)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
4 836
e)
Aggregated information
- Aggregated volume
- Price
4 836
Nil
f)
Date of the transaction
28 May 2026
g)
Place of the transaction
Johannesburg
2. Interests in Investec Limited Ordinary Shares - Company Secretary
In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements, we advise of the following changes to attributable interests in Investec Limited by the Company Secretary:
On 28 May 2026, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
Company Secretary:
Number of Forfeitable shares:
Niki van Wyk
3 990
Nature of interest
Indirect Beneficial
Clearance was obtained for the above awards granted.
London and Johannesburg
29 May 2026
Sponsor
Investec Bank Limited
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