Investor Presentaiton

13 Balanced business model Focused on growing capital light businesses - We have significantly increased our funds under management - a key capital light annuity income driver - by growing our Wealth & Investment business. Wealth & Investment FUM have grown from £14.2bn at 31 Mar 2012 to £44.4bn at 31 March 2022. In the financial year ended 31 March 2022, 32% of Investec plc's revenue came from Wealth & Investment. Investec plc funds under management and revenue type Capital light activities Balance sheet driven activities £'bn 56% 53% 50 Includes: 45 Wealth management 54% Advisory services 40 Includes: Lending portfolios Trading income largely from client flows, balance sheet Transactional banking services 52% 35 Funds 50% 30 £507mn 48% 25 46.6% of total revenue 41.7 44.4 management and other Investment portfolios £581mn 53.4% of total revenue 46% 39.1 20 36.9 33.1 15 Of which: Of which: 44% 47% Net fees and commissions: 42% £495mn 40% ~45.5% of total revenue 2018 2019 2020 2021 2022 Specialist Banking - £151mn Wealth & Investment - £344mn Other: £12mn ~1.1% of total revenue FUM - Wealth & Investment (RHS) Third party assets and advisory revenue as a % of total revenue (CAPITAL LIGHT) (LHS) -Net interest, investment, associate and trading income as a % of total revenue (BALANCE SHEET DRIVEN) (LHS) Net interest income: £483mn ~44.4% of total revenue Customer flow and other trading income: £53mn ~4.9% of total revenue Investment and associate income: £45mn ~4.1% of total revenue 10 5 Fee and commission income Types of income Net interest, investment, associate and customer flow trading income

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