INVESTEC EUROPEAN GROWTH & INCOME TRUST LIMITED

Investec European Growth & Income Trust Limited purchased in the market 25,000
of its own zero dividend preference shares at a price of 53.5p per share on 19
September 2003. These shares will be cancelled and the revised number of zero
dividend preference shares in issue will become 8,204,150.

The purchase of zero dividend preference shares was made pursuant to the
authority given to the directors at the annual general meeting on 30 December
2002.



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