Investec plc and Investec Limited announced directorate changes. After serving as a non-executive director for 15 years and Chairman of the Group's Audit Committees for 8 years, Sam Abrahams has indicated his intention not to seek re-election to the boards of Investec Limited and Investec plc (Board) and will step down as Chairman of the Group's Audit Committees with effect from August 08, 2013, the date of the Group's Annual General Meetings. Further to the above, and in accordance with Section 3.59 of the JSE Limited Listing Requirements and Rule 9.6.11 of the UK Listing Rules, the Board announced the appointment, effective March 01, 2013, of David Friedland as a non-executive director of Investec Limited and Investec plc At the same time, David will be appointed as a member of the Group's Audit Committees.

David will be appointed as Chairman of the Group's Audit Committees at the time Sam steps down from that role on August 08, 2013. After 36 years in the profession, David will retire as partner of KPMG, South Africa, on February 28, 2013.