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:                  19 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:        1,645,486     0.61%         917,202     0.34%
(2) Derivatives
    (other
    than options):       112,397     0.04%         112,397     0.04%
(3) Options and
    agreements to
    purchase/sell:             0      0.00               0      0.00

    TOTAL:             1,757,883     0.65%       1,029,599     0.38%


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          19              56.6700 ZAR
ORD          Purchase          100             56.2900 ZAR
ORD          Purchase          100             56.7800 ZAR
ORD          Purchase          170             56.2800 ZAR
ORD          Purchase          200             56.2700 ZAR
ORD          Purchase          200             56.5300 ZAR
ORD          Purchase          200             56.8900 ZAR
ORD          Purchase          300             56.1500 ZAR
ORD          Purchase          300             56.3600 ZAR
ORD          Purchase          300             56.4500 ZAR
ORD          Purchase          300             56.7100 ZAR
ORD          Purchase          300             56.8300 ZAR
ORD          Purchase          300             56.9200 ZAR
ORD          Purchase          300             56.9300 ZAR
ORD          Purchase          300             57.0100 ZAR
ORD          Purchase          300             57.0500 ZAR
ORD          Purchase          300             57.0700 ZAR
ORD          Purchase          370             56.4900 ZAR
ORD          Purchase          400             56.1900 ZAR
ORD          Purchase          400             56.2500 ZAR
ORD          Purchase          400             56.3100 ZAR
ORD          Purchase          400             56.8400 ZAR
ORD          Purchase          401             56.4800 ZAR
ORD          Purchase          401             56.8600 ZAR
ORD          Purchase          430             56.3000 ZAR
ORD          Purchase          500             56.5500 ZAR
ORD          Purchase          500             56.6000 ZAR
ORD          Purchase          536             56.6600 ZAR
ORD          Purchase          540             56.7000 ZAR
ORD          Purchase          603             56.6400 ZAR
ORD          Purchase          680             57.0300 ZAR
ORD          Purchase          699             56.3500 ZAR
ORD          Purchase          715             56.7900 ZAR
ORD          Purchase          741             56.7600 ZAR
ORD          Purchase          781             56.4727 ZAR
ORD          Purchase          800             56.5600 ZAR
ORD          Purchase          800             56.9100 ZAR
ORD          Purchase          1,100           56.8800 ZAR
ORD          Purchase          1,166           56.6900 ZAR
ORD          Purchase          1,330           56.5100 ZAR
ORD          Purchase          1,400           56.9800 ZAR
ORD          Purchase          1,404           56.4700 ZAR
ORD          Purchase          1,897           56.7700 ZAR
ORD          Purchase          2,030           56.9700 ZAR
ORD          Purchase          2,082           56.9600 ZAR
ORD          Purchase          2,100           56.6200 ZAR
ORD          Purchase          2,400           56.8200 ZAR
ORD          Purchase          2,692           56.8000 ZAR
ORD          Purchase          3,393           56.8100 ZAR
ORD          Purchase          3,475           56.9400 ZAR
ORD          Purchase          3,507           56.8500 ZAR
ORD          Purchase          3,596           56.4400 ZAR
ORD          Purchase          4,200           56.5000 ZAR
ORD          Purchase          5,013           56.9500 ZAR
ORD          Purchase          6,722           56.9000 ZAR
ORD          Purchase          6,972           56.9900 ZAR
ORD          Purchase          16,820          57.0000 ZAR
ORD          Sale              9               56.9400 ZAR
ORD          Sale              42              56.2900 ZAR
ORD          Sale              65              56.6900 ZAR
ORD          Sale              82              56.7700 ZAR
ORD          Sale              102             56.8400 ZAR
ORD          Sale              103             56.6400 ZAR
ORD          Sale              116             56.2700 ZAR
ORD          Sale              126             56.7800 ZAR
ORD          Sale              193             56.3000 ZAR
ORD          Sale              206             56.9800 ZAR
ORD          Sale              208             56.9900 ZAR
ORD          Sale              225             56.8600 ZAR
ORD          Sale              248             56.7000 ZAR
ORD          Sale              311             56.5600 ZAR
ORD          Sale              348             56.9600 ZAR
ORD          Sale              474             56.6100 ZAR
ORD          Sale              540             56.4700 ZAR
ORD          Sale              699             56.9500 ZAR
ORD          Sale              754             56.7500 ZAR
ORD          Sale              781             56.5679 ZAR
ORD          Sale              825             56.8500 ZAR
ORD          Sale              1,876           56.8800 ZAR
ORD          Sale              1,905           56.9200 ZAR
ORD          Sale              2,715           56.8000 ZAR
ORD          Sale              4,886           56.1900 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
ORD          CFD            Long                   13,784         56.5983 ZAR
ORD          CFD            Long                   39,045         56.8058 ZAR
ORD          CFD            Short                  1,364          56.8197 ZAR
ORD          CFD            Short                  5,467          56.7355 ZAR
ORD          CFD            Short                  13,784         56.6028 ZAR
ORD          CFD            Short                  32,214         56.7997 ZAR


(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:          20 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.