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:                  26 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:        1,688,981      0.63%      1,109,937      0.41%
(2) Derivatives
    (other
    than options):        83,427      0.03%         83,427      0.03%
(3) Options and
    agreements to
    purchase/sell:             0       0.00              0       0.00

    TOTAL:             1,772,408      0.66%      1,193,364      0.44%


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          83              55.5500 ZAR
ORD          Purchase          112             55.7100 ZAR
ORD          Purchase          164             56.4400 ZAR
ORD          Purchase          180             55.5900 ZAR
ORD          Purchase          205             56.2700 ZAR
ORD          Purchase          207             55.7800 ZAR
ORD          Purchase          241             56.0000 ZAR
ORD          Purchase          242             55.7300 ZAR
ORD          Purchase          407             55.6300 ZAR
ORD          Purchase          427             56.1500 ZAR
ORD          Purchase          452             56.3800 ZAR
ORD          Purchase          607             56.3900 ZAR
ORD          Purchase          637             55.6200 ZAR
ORD          Purchase          744             55.6400 ZAR
ORD          Purchase          1,178           55.7900 ZAR
ORD          Purchase          1,195           56.3000 ZAR
ORD          Purchase          1,347           55.6600 ZAR
ORD          Purchase          1,348           55.6000 ZAR
ORD          Purchase          1,460           55.6100 ZAR
ORD          Purchase          1,554           55.4000 ZAR
ORD          Purchase          1,766           55.5000 ZAR
ORD          Purchase          1,926           55.5100 ZAR
ORD          Purchase          2,032           55.5600 ZAR
ORD          Purchase          6,060           56.1709 ZAR
ORD          Purchase          7,022           55.6700 ZAR
ORD          Purchase          9,896           57.0000 ZAR
ORD          Purchase          61,541          56.0709 ZAR
ORD          Purchase          67,601          56.0705 ZAR
ORD          Sale              14              55.6600 ZAR
ORD          Sale              53              55.6000 ZAR
ORD          Sale              100             54.9500 ZAR
ORD          Sale              100             55.0000 ZAR
ORD          Sale              100             55.5400 ZAR
ORD          Sale              100             55.6500 ZAR
ORD          Sale              100             55.8500 ZAR
ORD          Sale              102             54.8700 ZAR
ORD          Sale              105             55.0300 ZAR
ORD          Sale              121             55.7200 ZAR
ORD          Sale              123             55.0400 ZAR
ORD          Sale              157             55.4600 ZAR
ORD          Sale              176             56.0400 ZAR
ORD          Sale              189             55.8000 ZAR
ORD          Sale              200             55.0200 ZAR
ORD          Sale              200             55.7000 ZAR
ORD          Sale              200             55.7100 ZAR
ORD          Sale              200             55.8100 ZAR
ORD          Sale              200             56.0900 ZAR
ORD          Sale              200             56.1900 ZAR
ORD          Sale              217             56.0500 ZAR
ORD          Sale              236             56.4700 ZAR
ORD          Sale              247             56.1600 ZAR
ORD          Sale              250             55.8300 ZAR
ORD          Sale              252             55.6300 ZAR
ORD          Sale              300             55.3900 ZAR
ORD          Sale              300             55.6900 ZAR
ORD          Sale              300             55.9800 ZAR
ORD          Sale              300             56.0600 ZAR
ORD          Sale              300             56.2700 ZAR
ORD          Sale              300             56.2900 ZAR
ORD          Sale              328             55.6200 ZAR
ORD          Sale              344             55.7600 ZAR
ORD          Sale              380             55.4900 ZAR
ORD          Sale              400             55.7300 ZAR
ORD          Sale              400             55.7500 ZAR
ORD          Sale              400             55.8900 ZAR
ORD          Sale              400             56.2200 ZAR
ORD          Sale              400             56.2300 ZAR
ORD          Sale              434             56.0800 ZAR
ORD          Sale              456             55.7800 ZAR
ORD          Sale              473             56.3400 ZAR
ORD          Sale              500             55.5700 ZAR
ORD          Sale              586             55.9900 ZAR
ORD          Sale              600             55.6800 ZAR
ORD          Sale              605             56.4400 ZAR
ORD          Sale              700             55.6100 ZAR
ORD          Sale              800             55.7400 ZAR
ORD          Sale              800             55.9600 ZAR
ORD          Sale              800             56.2000 ZAR
ORD          Sale              900             55.9700 ZAR
ORD          Sale              935             56.3500 ZAR
ORD          Sale              940             55.2700 ZAR
ORD          Sale              999             56.0000 ZAR
ORD          Sale              1,100           55.8400 ZAR
ORD          Sale              1,145           56.1500 ZAR
ORD          Sale              1,200           55.6700 ZAR
ORD          Sale              76,676          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
ORD          CFD            Long                   11,156         56.6947 ZAR
ORD          CFD            Long                   17,883         55.8570 ZAR
ORD          CFD            Long                   23,454         55.6642 ZAR
ORD          CFD            Long                   68,609         56.9771 ZAR
ORD          CFD            Short                  200            55.5100 ZAR
ORD          CFD            Short                  4,413          55.6559 ZAR
ORD          CFD            Short                  8,838          55.6754 ZAR
ORD          CFD            Short                  10,003         55.6696 ZAR
ORD          CFD            Short                  97,648         56.7402 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:          27 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.