Sharenet Sites 
Sharenet Sites
Preliminary condensed consolidated financial results for the year ended 31 March 2026
Investec Limited Investec plc
(Incorporated in the Republic of South Africa) (Incorporated in England and Wales)
(Registration number: 1952/002833/06) (Registration number 3633621)
LEI No: 213800CU7SM6O4UWOZ70 LSE share code: INVP
JSE ordinary share code: INL JSE share code: INP
JSE hybrid code: INPR ISIN: GB00B17BBQ50
JSE debt code: INLV LEI: 2138007Z3U5GWDN3MY22
NSX ordinary share code: IVD
BSE ordinary share code: INVESTEC
ISIN: ZAE000081949
Preliminary condensed consolidated financial results for the year ended 31 March 2026
This announcement is intended for the holders of debt instruments in Investec Limited only
The preliminary condensed consolidated financial results for the year ended 31 March 2026 are available for inspection at
the registered office of the Issuer, as well as on Investec's website at www.investec.com.
Noteholders are advised that the statutory audited annual financial statements are expected to be published on 30 June
2026. A further announcement will be published on SENS once available.
Investec advises of the following restatements:
1. Presentation of derivatives and settlement balances on open trades
The Group's application of the offsetting requirements of IAS 32 – Financial Instruments: Presentation was incorrectly
implemented on certain derivative positions at 31 March 2025 and 31 March 2024. Restating the balance sheet at this date
to offset these instruments resulted in a decrease in 'derivative financial instruments' assets and 'derivative financial
instruments' liabilities.
In addition, at 31 March 2025 and 31 March 2024, certain settlement debtors and creditors were presented net where there
was no right to do so, and certain unsettled trades were not recognised. The balance sheet has therefore been restated at
these dates to gross up these instruments appropriately. This resulted in changes to settlement debtors and creditors in
'other assets' and 'other liabilities' respectively, as well as the traded instruments.
This offsetting restatement was previously presented in the 30 September 2025 interim results, and has subsequently been
revised for purposes of 31 March 2026 reporting as a result of the above offsetting matter identified in another business unit,
to accurately reflect the impact thereof.
These changes have no impact on the income statement, statement of changes in equity or cash flow statement (other than
the consequential impact on operating assets and operating liabilities, due to the changes in the balance sheet line items).
2. Classification of gains
Gains on certain financial instruments were inappropriately classified as fee and commission income and therefore did not
reflect the substance of the underlying transactions. The comparative information has been restated accordingly.
The impact of the above restatements are disclosed in the financial results on Investec's website at www.investec.com.
By order of the board
Niki van Wyk
Company Secretary
21 May 2026
For further information
Registered office
100 Grayston Drive
Sandown, Sandton, 2196
Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Company Secretary
Niki van Wyk
JSE Debt Sponsor
Investec Bank Limited
Date: 21-05-2026 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
