Form 8.3 - INVESTEC LIMITED

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1.   KEY INFORMATION

(a) Identity of the person whose
    positions/dealings
    are being disclosed:                                    BARCLAYS PLC
(b) Owner or controller of interests and short
    positions disclosed, if different from
    1(a):
    The naming of nominee or vehicle companies
    is insufficient
(c) Name of offeror/offeree in relation to
    whose relevant securities this form
    relates:                                                Investec Ltd
    Use a separate form for each
    offeror/offeree
(d) If an exempt fund manager connected with
    an offeror/
    offeree, state this and specify identity
    of offeror/offeree:
(e) Date position held/dealing undertaken:                  22 April 2010
(f) Has the discloser previously disclosed, or              YES
    are they today disclosing, under the Code
    in respect of any other party
    to this offer?
                                                            If YES, specify which:
                                                            Investec Plc
                                                            Rensburg Sheppards Plc

2.   POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)  Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:    ORDINARY

                            Interests             Short positions
                          Number         %          Number        %
(1) Relevant
    securities
    wned and/or
    controlled:        1,599,463     0.64%         825,136    0.33%
(2) Derivatives
    (other
    than options):        92,114     0.04%          91,340    0.03%
(3) Options and
    agreements to
    purchase/sell:             0     0.00%               0    0.00%

    TOTAL:               1,691,577   0.68%         916,476    0.36%


All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or
sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).

(b)  Rights to subscribe for new securities (including directors' and other
executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class
of relevant securities of the offeror or offeree named in 1(c), copy table 2(a)
or (b) (as appropriate) for each additional class of relevant security.

3.   DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)  Purchases and sales

Class of     Purchase/sale      Number of       Price per
relevant                        securities      unit
security
Ordinary     Purchase           7,893           63.52811
Ordinary     Purchase           8,686           63.52811
Ordinary     Purchase           1,582           63.52811
Ordinary     Purchase           5,000           63.4809
Ordinary     Purchase           200             62.82
Ordinary     Purchase           100             62.85
Ordinary     Purchase           1990            62.86
Ordinary     Purchase           187             62.97
Ordinary     Purchase           16              63
Ordinary     Purchase           163             63.02
Ordinary     Purchase           526             63.03
Ordinary     Purchase           816             63.04
Ordinary     Purchase           150             63.05
Ordinary     Purchase           300             63.07
Ordinary     Purchase           2093            63.1
Ordinary     Purchase           192             63.12
Ordinary     Purchase           50              63.14
Ordinary     Purchase           200             63.16
Ordinary     Purchase           120             63.17
Ordinary     Purchase           45              63.18
Ordinary     Purchase           71              63.19
Ordinary     Purchase           43              63.21
Ordinary     Purchase           86              63.23
Ordinary     Purchase           1482            63.26
Ordinary     Purchase           200             63.28
Ordinary     Purchase           2               63.3
Ordinary     Purchase           408             63.31
Ordinary     Purchase           101             63.34
Ordinary     Purchase           101             63.35
Ordinary     Purchase           260             63.37
Ordinary     Purchase           136             63.38
Ordinary     Purchase           240             63.39
Ordinary     Purchase           447             63.4
Ordinary     Purchase           300             63.41
Ordinary     Purchase           242             63.42
Ordinary     Purchase           73              63.44
Ordinary     Purchase           212             63.45
Ordinary     Purchase           100             63.46
Ordinary     Purchase           106             63.47
Ordinary     Purchase           282             63.48
Ordinary     Purchase           100             63.49
Ordinary     Purchase           264             63.5
Ordinary     Purchase           668             63.51
Ordinary     Purchase           297             63.55
Ordinary     Purchase           163             63.56
Ordinary     Purchase           100             63.61
Ordinary     Purchase           720             63.64
Ordinary     Purchase           236             63.65
Ordinary     Purchase           41              63.71
Ordinary     Purchase           379             63.72
Ordinary     Purchase           2               63.79
Ordinary     Purchase           20              64
Ordinary     Sale               -18,161         63.552442
Ordinary     Sale               -258            62.98
Ordinary     Sale               -3              62.99
Ordinary     Sale               -20             63
Ordinary     Sale               -2943           63.02
Ordinary     Sale               -866            63.03
Ordinary     Sale               -40             63.06
Ordinary     Sale               -76             63.14
Ordinary     Sale               -700            63.16
Ordinary     Sale               -1458           63.17
Ordinary     Sale               -3              63.18
Ordinary     Sale               -48             63.2
Ordinary     Sale               -49             63.23
Ordinary     Sale               -1990           63.24
Ordinary     Sale               -551            63.28
Ordinary     Sale               -1425           63.29
Ordinary     Sale               -21             63.3
Ordinary     Sale               -95             63.31
Ordinary     Sale               -2              63.32
Ordinary     Sale               -152            63.33
Ordinary     Sale               -2              63.35
Ordinary     Sale               -195            63.38
Ordinary     Sale               -709            63.39
Ordinary     Sale               -851            63.4
Ordinary     Sale               -306            63.41
Ordinary     Sale               -255            63.42
Ordinary     Sale               -101            63.45
Ordinary     Sale               -868            63.46
Ordinary     Sale               -128            63.47
Ordinary     Sale               -253            63.48
Ordinary     Sale               -246            63.49
Ordinary     Sale               -81             63.5
Ordinary     Sale               -176            63.52
Ordinary     Sale               -111            63.53
Ordinary     Sale               -3611           63.54
Ordinary     Sale               -302            63.55
Ordinary     Sale               -40             63.56
Ordinary     Sale               -143            63.57
Ordinary     Sale               -200            63.58
Ordinary     Sale               -188            63.6
Ordinary     Sale               -719            63.61
Ordinary     Sale               -22             63.7
Ordinary     Sale               -7687           63.71
Ordinary     Sale               -679            63.72
Ordinary     Sale               -520            63.75
Ordinary     Sale               -20             63.77
Ordinary     Sale               -123            63.78
Ordinary     Sale               -21             63.79
Ordinary     Sale               -100            63.8
Ordinary     Sale               -21             63.83
Ordinary     Sale               -44             63.84
Ordinary     Sale               -80             63.85
Ordinary     Sale               -100            63.94
Ordinary     Sale               -2              63.99
Ordinary     Sale               -1645           64


(b)  Derivatives transactions (other than options)

Class of     Product        Nature of dealing      Number of      Price
relevant     description    e.g. opening/          reference      per unit
security     e.g. CFD       closing a long/        securities
                            short position,
                            increasing/reducing
                            a long/short position
Ordinary     CFD            Long                   1,269          63.6966
Ordinary     CFD            Long                   3,610          63.2723
Ordinary     CFD            Long                   3,770          63.5249
Ordinary     CFD            Long                   13,372         63.435
Ordinary     CFD            Long                   14,619         63.2463
Ordinary     CFD            Short                  297            63.5754
Ordinary     CFD            Short                  5,692          63.3403
Ordinary     CFD            Short                  8,630          63.1648
Ordinary     CFD            Short                  22,021         63.4421


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

 Class of     Product    Writing,      Number   Exercise       Type     Expiry     Option
 relevant description purchasing,          of      Price       e.g.       date      Money
 security        e.g.    selling,  securities             per unit                  paid/
                 call     varying    to which             American,              received
               option       etc.       option              European              per unit
                                      relates                  etc.



(ii) Exercising

      Class of        Product       Number of        Exercise
      relevant    description      securities           price
      security      e.g. call                        per unit
                       option



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

       Class of        Nature of         Details        Price per
       Relevant     dealing e.g.                             unit
       security    subscription,                  (if applicable)
                      conversion


The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of
the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

4.   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 person making
the disclosure and any party to the offer or any person acting in concert with a
party to the offer:
If there are no such agreements, arrangements or understandings, state "none"



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

Details of any agreement, arrangement or understanding, formal or informal,
between the person 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:
If there are no such agreements, arrangements or understandings, state "none"




(c)  Attachments

Is a Supplemental Form 8 (Open Positions) attached?      NO


Date of disclosure:          23 April 2010
Contact name:                Geoff Smith
Telephone number:            020 7116 2913

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information
Service and must also be emailed to the Takeover Panel at [e-mail].
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.