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:                  20 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:        1,637,230     0.61%         979,210     0.36%
(2) Derivatives
    (other
    than options):       111,959     0.04%               0     0.00%
(3) Options and
    agreements to
    purchase/sell:             0      0.00               0      0.00

    TOTAL:             1,749,189     0.65%         979,210     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          9               55.3600 ZAR
ORD          Purchase          9               56.2800 ZAR
ORD          Purchase          17              56.2000 ZAR
ORD          Purchase          102             57.2000 ZAR
ORD          Purchase          102             57.3300 ZAR
ORD          Purchase          102             57.5000 ZAR
ORD          Purchase          103             56.1400 ZAR
ORD          Purchase          103             56.4900 ZAR
ORD          Purchase          103             56.9100 ZAR
ORD          Purchase          112             56.2600 ZAR
ORD          Purchase          121             56.6900 ZAR
ORD          Purchase          146             57.1300 ZAR
ORD          Purchase          164             57.5700 ZAR
ORD          Purchase          167             56.6000 ZAR
ORD          Purchase          184             55.7000 ZAR
ORD          Purchase          245             55.6500 ZAR
ORD          Purchase          263             55.5400 ZAR
ORD          Purchase          314             55.6000 ZAR
ORD          Purchase          316             55.9200 ZAR
ORD          Purchase          317             55.3200 ZAR
ORD          Purchase          335             56.8300 ZAR
ORD          Purchase          352             57.0600 ZAR
ORD          Purchase          511             55.5300 ZAR
ORD          Purchase          551             57.0300 ZAR
ORD          Purchase          750             55.7900 ZAR
ORD          Purchase          751             57.0100 ZAR
ORD          Purchase          1,000           56.0000 ZAR
ORD          Purchase          1,000           56.6100 ZAR
ORD          Purchase          1,391           55.2700 ZAR
ORD          Purchase          1,938           56.8100 ZAR
ORD          Purchase          26,893          56.9344 ZAR
ORD          Purchase          26,893          56.9345 ZAR
ORD          Sale              20              56.1300 ZAR
ORD          Sale              102             55.5900 ZAR
ORD          Sale              102             55.8100 ZAR
ORD          Sale              103             55.6000 ZAR
ORD          Sale              103             56.9100 ZAR
ORD          Sale              104             55.9400 ZAR
ORD          Sale              204             55.2000 ZAR
ORD          Sale              205             55.7800 ZAR
ORD          Sale              206             57.4000 ZAR
ORD          Sale              210             55.4000 ZAR
ORD          Sale              380             57.3800 ZAR
ORD          Sale              407             56.1000 ZAR
ORD          Sale              416             57.5300 ZAR
ORD          Sale              427             56.8100 ZAR
ORD          Sale              481             57.2100 ZAR
ORD          Sale              1,000           56.0800 ZAR
ORD          Sale              1,938           57.3900 ZAR
ORD          Sale              8,624           56.0000 ZAR
ORD          Sale              53,786          56.9344 ZAR
ORD          Sale              66,810          55.8670 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                   1,324          57.1586 ZAR
ORD          CFD            Long                   5,235          56.2923 ZAR
ORD          CFD            Long                   12,167         56.2450 ZAR
ORD          CFD            Short                  886            56.9757 ZAR
ORD          CFD            Short                  4,349          56.1582 ZAR
ORD          CFD            Short                  13,491         56.3392 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:          21 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.