As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited (the "JSE") of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and the Listing Rules of the Financial Conduct Authority (the "FCA") and/or the JSE Listings Requirements. 

In relation to Investec Bank Limited, the JSE and the Cape Town Stock Exchange are notified of matters which are required to be disclosed under the JSE Debt and Specialist Securities Listings Requirements and CTSE Debt Listing Requirements. 

Credit Ratings Action by Fitch Ratings

Shareholders and noteholders are referred to the Fitch Ratings (Fitch) press release on 3 July 2026 where Fitch announced a revision to Investec Limited's and Investec Bank Limited's National Long-Term Ratings to 'AAA(zaf)' from 'AA+(zaf)' and affirmed the National Short-Term Ratings at 'F1+(zaf)'.

The revision of the National Long-Term Ratings reflects the recalibration of Fitch's National Ratings Correspondence Table for South Africa. The recalibration follows the recent upgrade of South Africa's Long-Term Local-Currency Issuer Default Rating (IDR) to 'BB' from 'BB-' and the upgrade of Investec Limited's and Investec Bank Limited's Long-Term Local-Currency IDRs to 'BB-'. The Outlook remains Stable.

For additional information on the ratings action please see the press release by Fitch: https://www.fitchratings.com/research/banks/fitch-revises-5-south-african-banks-national-long-term-ratings-to-aaa-zaf-on-recalibration-03-07-2026

For all the latest Investec credit ratings, please refer to our website: https://www.investec.com/en_za/welcome-to-investec/about-us/investor-relations/credit-ratings.html

Johannesburg

6 July 2026

N van Wyk

Company Secretary

Investec Limited

Sponsor and CTSE External Debt Issuer Agent: 

Investec Bank Limited