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Investec gets two heads

Fani Titi who has been a non-executive director on the Investec Group Board since January
2004 and Chairman of the Group since November 2011, and Hendrik du Toit the founding CEO
of Investec Asset Management and an Executive Director of the Group since December 2010,
will be appointed as CEO Designates on 1 April 2018. On 1 October 2018 they will become
Joint CEOs of the Group and will be held jointly accountable and responsible for the leadership
and management of the Investec Group. Hendrik will remain CEO of Investec Asset
Management until 30 September 2018 to ensure an orderly transition in this business.

Kim McFarland, Chief Operating Officer (“COO”) and Chief Financial Officer (“CFO”) of Investec
Asset Management since December 1993, will take over as Group Finance Director on 1 April
2019. Kim will become an executive director of the Investec Group Board on that date. Kim will
continue with her duties as COO and CFO of Investec Asset Management until 31 March 2019
to support an orderly transition in this business.

Ciaran Whelan, who has held various senior positions globally with the Investec group over the
past 30 years, and who is currently Global Joint Head of the Specialist Bank and Global Head of
Private Banking, will be appointed to the Investec Group Board as an executive director on 1
April 2018. Ciaran will succeed Glynn Burger as Director of Risk on 1 April 2019. Ciaran
remains the Global Head of the Private Bank until 31 March 2019.

Stephen Koseff (Chief Executive Officer (“CEO”) of the Investec Group), Bernard Kantor
(Managing Director of the Investec Group) and Glynn Burger (Risk and Finance Director of the
Investec Group) are considered to be part of the “founding members” of Investec and for almost
40 years, together with the Board and the Group’s senior management team, have steered the
Group to becoming an internationally recognised specialist bank and asset manager.

As part of the Group’s orderly succession plan to move from founding members to the next
generation of leadership, Stephen Koseff and Bernard Kantor will step down from their roles on
1 October 2018. From that date until 31 March 2019 they will continue to serve as executive
directors and be available to provide support and advice to the incoming executives. As from 1
April 2019 they will become non-executive directors.

Glynn Burger, Group Risk and Finance Director, will retire on 31 March 2019. Glynn will become
a non-executive director on certain subsidiary and associate boards, and he remains available
and willing to assist in any capacity that the new management team require him for.

During the transition period Stephen, Bernard and Glynn will work closely with the new
executive designates to ensure a smooth and orderly transition.

Author: Investec

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