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:                  18 May 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:        1,619,778     0.60%         962,040     0.36%
(2) Derivatives
    (other
    than options):        87,136     0.03%               0     0.00%
(3) Options and
    agreements to
    purchase/sell:             0      0.00               0      0.00

    TOTAL:             1,706,914     0.63%         962,040     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
ORD          Purchase          42              56.8800 ZAR
ORD          Purchase          59              57.5000 ZAR
ORD          Purchase          102             57.2800 ZAR
ORD          Purchase          103             57.5800 ZAR
ORD          Purchase          105             56.9500 ZAR
ORD          Purchase          195             57.2500 ZAR
ORD          Purchase          220             57.3500 ZAR
ORD          Purchase          310             57.1700 ZAR
ORD          Purchase          377             57.2100 ZAR
ORD          Purchase          401             57.4100 ZAR
ORD          Purchase          512             56.5900 ZAR
ORD          Purchase          618             56.9000 ZAR
ORD          Purchase          667             57.2400 ZAR
ORD          Purchase          703             57.0600 ZAR
ORD          Purchase          786             57.3100 ZAR
ORD          Purchase          916             57.4300 ZAR
ORD          Purchase          930             57.0900 ZAR
ORD          Purchase          941             57.2700 ZAR
ORD          Purchase          1,000           57.0500 ZAR
ORD          Purchase          1,000           57.1400 ZAR
ORD          Purchase          1,000           57.1500 ZAR
ORD          Purchase          1,033           57.4500 ZAR
ORD          Purchase          1,082           57.1900 ZAR
ORD          Purchase          1,098           57.0000 ZAR
ORD          Purchase          1,235           57.5400 ZAR
ORD          Purchase          1,258           57.0800 ZAR
ORD          Purchase          1,381           57.3800 ZAR
ORD          Purchase          1,386           57.5300 ZAR
ORD          Purchase          1,886           57.4800 ZAR
ORD          Purchase          1,916           57.3700 ZAR
ORD          Purchase          1,929           56.8600 ZAR
ORD          Purchase          2,000           57.4400 ZAR
ORD          Purchase          2,778           57.6000 ZAR
ORD          Purchase          2,883           57.2900 ZAR
ORD          Purchase          3,038           57.2000 ZAR
ORD          Purchase          3,280           57.1600 ZAR
ORD          Purchase          3,299           57.4600 ZAR
ORD          Purchase          4,000           57.4200 ZAR
ORD          Purchase          5,949           57.3900 ZAR
ORD          Purchase          6,432           57.2200 ZAR
ORD          Purchase          7,382           57.4900 ZAR
ORD          Purchase          8,533           57.1000 ZAR
ORD          Sale              11              56.9500 ZAR
ORD          Sale              100             56.7300 ZAR
ORD          Sale              100             56.8500 ZAR
ORD          Sale              102             56.5600 ZAR
ORD          Sale              102             57.2800 ZAR
ORD          Sale              206             57.2700 ZAR
ORD          Sale              299             57.5500 ZAR
ORD          Sale              300             56.7700 ZAR
ORD          Sale              301             56.8300 ZAR
ORD          Sale              343             57.0200 ZAR
ORD          Sale              415             57.3800 ZAR
ORD          Sale              418             56.6700 ZAR
ORD          Sale              459             57.6000 ZAR
ORD          Sale              507             57.4300 ZAR
ORD          Sale              515             57.5300 ZAR
ORD          Sale              626             56.6100 ZAR
ORD          Sale              629             57.5100 ZAR
ORD          Sale              794             57.2400 ZAR
ORD          Sale              821             56.7000 ZAR
ORD          Sale              857             57.2900 ZAR
ORD          Sale              866             56.8100 ZAR
ORD          Sale              894             57.4500 ZAR
ORD          Sale              935             57.3000 ZAR
ORD          Sale              938             56.6200 ZAR
ORD          Sale              966             57.0600 ZAR
ORD          Sale              1,026           57.2500 ZAR
ORD          Sale              1,114           57.5400 ZAR
ORD          Sale              1,122           57.1700 ZAR
ORD          Sale              1,217           57.0300 ZAR
ORD          Sale              1,452           57.1100 ZAR
ORD          Sale              1,673           57.3700 ZAR
ORD          Sale              1,676           56.8700 ZAR
ORD          Sale              1,697           56.7200 ZAR
ORD          Sale              1,739           56.7600 ZAR
ORD          Sale              1,844           57.2200 ZAR
ORD          Sale              1,914           57.5000 ZAR
ORD          Sale              1,936           57.3900 ZAR
ORD          Sale              2,062           57.0400 ZAR
ORD          Sale              2,086           57.0800 ZAR
ORD          Sale              2,332           57.2000 ZAR
ORD          Sale              2,379           56.7100 ZAR
ORD          Sale              2,552           57.2100 ZAR
ORD          Sale              3,491           57.3600 ZAR
ORD          Sale              3,757           57.1000 ZAR
ORD          Sale              3,818           56.9000 ZAR
ORD          Sale              3,967           57.3300 ZAR
ORD          Sale              6,721           57.0100 ZAR
ORD          Sale              7,785           56.7500 ZAR
ORD          Sale              8,982           57.0000 ZAR


(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



(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:          19 May 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.