Shares and Dividends

On 4 September 2006 the group implemented a 5:1 share split of Investec plc and Investec Limited shares.

The tables on the link below indicate the largest shareholders of Investec plc and Investec Limited.**

In November 2003, Investec Limited implemented an empowerment transaction in which empowerment partners, a broad-based development trust and an employee trust collectively acquired 25.1% of the issued share capital of Investec Limited.

Investec group has a target dividend payout ratio of 30% to 50% of the consolidated Investec Group’s adjusted earnings per share. Interim and final dividends will be declared and proposed in accordance with this policy.