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:                  24 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:        1,810,656     0.67%       1,031,068     0.38%
(2) Derivatives
    (other
    than options):        31,532     0.01%          31,532     0.01%
(3) Options and
    agreements to
    purchase/sell:             0      0.00               0      0.00

    TOTAL:             1,842,188     0.68%       1,062,600     0.39%


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          67              55.9500 ZAR
ORD          Purchase          81              56.2600 ZAR
ORD          Purchase          100             56.1300 ZAR
ORD          Purchase          102             56.0200 ZAR
ORD          Purchase          164             56.0300 ZAR
ORD          Purchase          283             56.1500 ZAR
ORD          Purchase          300             56.1400 ZAR
ORD          Purchase          512             56.4600 ZAR
ORD          Purchase          915             56.4000 ZAR
ORD          Purchase          1,077           56.5300 ZAR
ORD          Purchase          1,159           56.4500 ZAR
ORD          Purchase          1,223           56.2200 ZAR
ORD          Purchase          1,259           56.2000 ZAR
ORD          Purchase          1,372           56.3000 ZAR
ORD          Purchase          2,999           56.3100 ZAR
ORD          Purchase          3,119           56.3500 ZAR
ORD          Purchase          3,454           56.4800 ZAR
ORD          Purchase          3,695           56.4900 ZAR
ORD          Purchase          3,702           56.2500 ZAR
ORD          Purchase          270,806         56.1893 ZAR
ORD          Sale              60              56.2400 ZAR
ORD          Sale              71              55.8300 ZAR
ORD          Sale              72              55.8700 ZAR
ORD          Sale              81              56.2600 ZAR
ORD          Sale              83              55.8100 ZAR
ORD          Sale              83              56.1600 ZAR
ORD          Sale              100             56.1300 ZAR
ORD          Sale              100             56.4800 ZAR
ORD          Sale              225             56.3200 ZAR
ORD          Sale              300             56.5300 ZAR
ORD          Sale              321             56.5400 ZAR
ORD          Sale              400             56.1200 ZAR
ORD          Sale              400             56.1900 ZAR
ORD          Sale              400             56.3500 ZAR
ORD          Sale              409             56.3900 ZAR
ORD          Sale              500             55.8600 ZAR
ORD          Sale              500             56.1700 ZAR
ORD          Sale              511             56.1400 ZAR
ORD          Sale              526             56.3400 ZAR
ORD          Sale              569             56.4300 ZAR
ORD          Sale              588             55.5900 ZAR
ORD          Sale              600             56.4100 ZAR
ORD          Sale              606             56.3100 ZAR
ORD          Sale              743             55.9600 ZAR
ORD          Sale              767             55.8900 ZAR
ORD          Sale              789             56.4400 ZAR
ORD          Sale              791             56.0300 ZAR
ORD          Sale              844             56.5100 ZAR
ORD          Sale              844             56.5200 ZAR
ORD          Sale              962             56.2500 ZAR
ORD          Sale              980             56.0800 ZAR
ORD          Sale              996             56.4900 ZAR
ORD          Sale              1,026           55.9900 ZAR
ORD          Sale              1,106           56.2100 ZAR
ORD          Sale              1,168           56.4500 ZAR
ORD          Sale              1,176           56.0200 ZAR
ORD          Sale              1,217           56.3300 ZAR
ORD          Sale              1,338           56.0400 ZAR
ORD          Sale              1,348           56.3800 ZAR
ORD          Sale              1,391           56.4600 ZAR
ORD          Sale              1,405           56.5000 ZAR
ORD          Sale              1,436           56.5500 ZAR
ORD          Sale              1,465           56.2300 ZAR
ORD          Sale              1,478           56.0600 ZAR
ORD          Sale              1,592           56.1800 ZAR
ORD          Sale              1,605           56.0900 ZAR
ORD          Sale              1,618           56.1000 ZAR
ORD          Sale              1,908           55.7000 ZAR
ORD          Sale              2,353           56.1100 ZAR
ORD          Sale              2,396           56.2200 ZAR
ORD          Sale              2,400           56.2700 ZAR
ORD          Sale              2,444           56.3600 ZAR
ORD          Sale              2,494           56.0100 ZAR
ORD          Sale              3,199           55.8000 ZAR
ORD          Sale              3,254           56.4200 ZAR
ORD          Sale              3,286           55.9400 ZAR
ORD          Sale              3,538           55.9100 ZAR
ORD          Sale              4,222           56.4000 ZAR
ORD          Sale              4,320           56.3000 ZAR
ORD          Sale              4,627           56.0500 ZAR
ORD          Sale              5,434           56.6500 ZAR
ORD          Sale              5,563           55.9500 ZAR
ORD          Sale              6,797           56.1500 ZAR
ORD          Sale              9,681           56.2000 ZAR
ORD          Sale              9,826           56.2800 ZAR
ORD          Sale              12,054          56.0000 ZAR
ORD          Sale              14,329          55.9000 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                   593            56.1449 ZAR
ORD          CFD            Long                   7,569          56.3069 ZAR
ORD          CFD            Long                   19,677         56.1954 ZAR
ORD          CFD            Long                   23,608         56.3577 ZAR
ORD          CFD            Short                  100            56.1300 ZAR
ORD          CFD            Short                  9,437          56.3086 ZAR
ORD          CFD            Short                  14,071         56.3996 ZAR
ORD          CFD            Short                  27,839         56.2133 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:          25 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.