Form 8.5 (EPT/RI) - Amendment

AMENDMENTS To section 2(a) and 2(b)

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH

RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING

CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader: Bank of America Merrill Lynch

(b) Name of offeror/offeree in relation to whose INVESTEC PLC

relevant securities this form relates:

(c) Name of the party to the offer with which exempt Advisor to INVESTEC PLC and

principal trader is connected: INVESTEC LTD

(d) Date dealing undertaken: 31/10/2011

(e) Has the EPT previously disclosed, or is it today NO

disclosing, under the Code in respect of any other

party to this offer?

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of Purchase/ Total number Highest price Lowest price

relevant Sales of securities per unit per unit

security paid/received paid/received

Common - GB00B17BBQ50 Purchase 159,361 GBP 3.93 GBP 3.78

Common - GB00B17BBQ50 Sale 78,665 GBP 3.92 GBP 3.78

(b) Derivatives transactions (other than options)

Class of Product  Nature of dealing Number of  Price per unit

relevant description reference securities

security eg. CFD

Common - GB00B17BBQ50 Swap SHORT 5325 GBP 3.81

Common - GB00B17BBQ50 Swap SHORT 141 GBP 3.85

Common - GB00B17BBQ50 Swap SHORT 773 GBP 3.85

Common - GB00B17BBQ50 Swap SHORT 894 GBP 3.85

Common - GB00B17BBQ50 Swap SHORT 985 GBP 3.78

Common - GB00B17BBQ50 Swap SHORT 1006 GBP 3.85

Common - GB00B17BBQ50 Swap SHORT 1245 GBP 3.84

Common - GB00B17BBQ50 Swap SHORT 1729 GBP 3.90

Common - GB00B17BBQ50 Swap SHORT 1894 GBP 3.78

Common - GB00B17BBQ50 Swap SHORT 135 GBP 3.82

Common - GB00B17BBQ50 Swap SHORT 3419 GBP 3.78

Common - GB00B17BBQ50 Swap SHORT 9547 GBP 3.85

Common - GB00B17BBQ50 Swap SHORT 10829 GBP 3.92

Common - GB00B17BBQ50 Swap SHORT 2077 GBP 3.85

Class of Product  Nature of dealing Number of  Price per unit

relevant description reference securities

security eg. CFD

Common - GB00B17BBQ50 Swap LONG 1062 ZAR 48.35

Common - GB00B17BBQ50 Swap LONG 6425 GBP 3.92

Common - GB00B17BBQ50 Swap LONG 4273 GBP 3.92

Common - GB00B17BBQ50 Swap LONG 3900 GBP 3.80

Common - GB00B17BBQ50 Swap LONG 1196 GBP 3.93

Common - GB00B17BBQ50 Swap LONG 905 GBP 3.84

Common - GB00B17BBQ50 Swap LONG 843 GBP 3.84

Common - GB00B17BBQ50 Swap LONG 684 GBP 3.84

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of Product Writing, Number of Exercise Type Expiry Option

relevant description purchasing, securities price date money

security selling, to which per unit paid/

varying etc. option received

relates per unit

(ii) Exercising

Class of relevant Product description Number of securities Exercise price per unit

security

(d) Other dealings (including subscribing for new securities)

Class of relevant Nature of dealing Details Price per unit (if

security applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the

disclosure and any party to the offer or any person acting in concert with a party to the

offer:

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

Date of disclosure: 03/11/2011

Contact name: Balenkosi Dungeni

Telephone number: +44 20 7996 1639