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:                  25 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:        1,532,297      0.57%       1,034,971     0.38%
(2) Derivatives
    (other
    than options):        18,450      0.01%               0     0.00%
(3) Options and
    agreements to
    purchase/sell:             0      0.00                0      0.00

    TOTAL:             1,550,747      0.57%       1,034,971     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          13              54.2000 ZAR
ORD          Purchase          34              54.2400 ZAR
ORD          Purchase          35              54.7600 ZAR
ORD          Purchase          68              54.5700 ZAR
ORD          Purchase          80              54.5800 ZAR
ORD          Purchase          100             54.5500 ZAR
ORD          Purchase          100             54.7700 ZAR
ORD          Purchase          103             54.4500 ZAR
ORD          Purchase          104             54.4900 ZAR
ORD          Purchase          125             54.5100 ZAR
ORD          Purchase          163             54.7100 ZAR
ORD          Purchase          165             54.8800 ZAR
ORD          Purchase          183             54.5000 ZAR
ORD          Purchase          189             54.7000 ZAR
ORD          Purchase          283             54.7300 ZAR
ORD          Purchase          285             54.4000 ZAR
ORD          Purchase          400             54.6000 ZAR
ORD          Purchase          453             54.5200 ZAR
ORD          Purchase          1,641           54.2100 ZAR
ORD          Purchase          10,527          54.5822 ZAR
ORD          Sale              100             54.4900 ZAR
ORD          Sale              100             54.6500 ZAR
ORD          Sale              100             54.9400 ZAR
ORD          Sale              100             55.0300 ZAR
ORD          Sale              135             54.8600 ZAR
ORD          Sale              163             54.5600 ZAR
ORD          Sale              164             54.7000 ZAR
ORD          Sale              206             54.8700 ZAR
ORD          Sale              304             54.7600 ZAR
ORD          Sale              361             54.6100 ZAR
ORD          Sale              386             54.8300 ZAR
ORD          Sale              458             54.5100 ZAR
ORD          Sale              486             54.7700 ZAR
ORD          Sale              616             54.7800 ZAR
ORD          Sale              640             54.8100 ZAR
ORD          Sale              735             54.6700 ZAR
ORD          Sale              1,000           54.3500 ZAR
ORD          Sale              1,014           54.8500 ZAR
ORD          Sale              1,023           54.7200 ZAR
ORD          Sale              1,046           54.5000 ZAR
ORD          Sale              1,949           54.4700 ZAR
ORD          Sale              2,208           54.7100 ZAR
ORD          Sale              9,484           54.7500 ZAR
ORD          Sale              10,527          54.6030 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                   100            54.6295 ZAR
ORD          CFD            Long                   163            54.5381 ZAR
ORD          CFD            Long                   647            54.7812 ZAR
ORD          CFD            Long                   3,003          54.5120 ZAR
ORD          CFD            Long                   3,419          54.4075 ZAR
ORD          CFD            Long                   13,478         54.7353 ZAR
ORD          CFD            Short                  163            54.7319 ZAR
ORD          CFD            Short                  1,615          54.5409 ZAR
ORD          CFD            Short                  1,641          54.2316 ZAR
ORD          CFD            Short                  17,391         54.6996 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:          26 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.