Shareholder Analysis
Largest ordinary shareholders as at 31 March 2023
In accordance with the terms provided for in Section 793 of the UK Companies Act 2006 and Section 56 of the South AfricanCompanies Act 2008, the Group has conducted investigations into the registered holders of its ordinary shares (including nomineeand asset management companies) and the results are as disclosed below.
Investec plc
| Shareholder analysis by manager group | Number of shares | % holding |
| 1. Public Investment Corporation (ZA) | 93,107,609 | 13.4% |
| 2. BlackRock Inc (EU, US & UK) | 51,577,486 | 7.4% |
| 3. Investec Group (UK & ZA) | 51,115,426 | 7.3% |
| 4. M&G Investments (UK & ZA) | 49,385,191 | 7.1% |
| 5. The Vanguard Group Inc (US, UK and AUS) | 30,697,187 | 4.4% |
| 6. Investec Staff Share Scheme (UK & ZA) | 30,108,972 | 4.3% |
| 7. BrightShere Investment Group (US & UK) | 25,893,448 | 3.7% |
| 8. Allan Gray (ZA) | 22,414,734 | 3.2% |
| 9. Ninety One (UK & ZA) | 16,858,136 | 2.4% |
| 10. Norges Bank Investment Management (NO | 12,939,885 | 1.9% |
| Cumulative total | 384,098,074 | 55.1% |
The top 10 shareholders account for 55.1% of the total shareholding in Investec plc. Some major fund managers hold additionalshares below this, which may cause the above figures to be marginally understated.
Investec Limited
| Shareholder analysis by manager group | Number of shares | % holding |
| 1. Public Investment Corporation (ZA) | 46,718,319 | 15.6% |
| 2. Allan Gray (ZA) | 24,863,033 | 8.3% |
| 3. IGL Share Scheme (UK & ZA) | 15,165,799 | 5.1% |
| 4. Sanlam Group (ZA) | 13,195,310 | 4.4% |
| 5. Old Mutual Investment Group (ZA) | 10,902,583 | 3.6% |
| 6. The Vanguard Group, Inc (US) | 10,789,527 | 3.6% |
| 7. Truffle Asset Management (ZA) | 9,714,656 | 3.2% |
| 8. Investec Staff Share Scheme (UK & ZA) | 9,487,235 | 3.2% |
| 9. M&G Investments (UK & ZA) | 7,614,816 | 2.5% |
| 10. BrightSphere Investment Group (UK & USA) | 7,184,751 | 2.4% |
| Cumulative total | 155,636,029 | 51.9% |
The top 10 shareholders account for 51.9% of the total shareholding in Investec Limited. Some major fund managers hold additionalshares below this, which may cause the above figures to be marginally understated.