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:                  27 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:        1,600,146      0.59%      1,046,222     0.39%
(2) Derivatives
    (other
    than options):        71,646      0.03%         71,646     0.03%
(3) Options and
    agreements to
    purchase/sell:             0       0.00              0      0.00

    TOTAL:             1,671,792      0.62%      1,117,868     0.41%


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          1               57.1600 ZAR
ORD          Purchase          28              57.1700 ZAR
ORD          Purchase          88              57.1100 ZAR
ORD          Purchase          100             56.0700 ZAR
ORD          Purchase          143             56.3000 ZAR
ORD          Purchase          225             57.1800 ZAR
ORD          Purchase          256             57.1500 ZAR
ORD          Purchase          292             57.0000 ZAR
ORD          Purchase          300             56.4700 ZAR
ORD          Purchase          321             57.3600 ZAR
ORD          Purchase          389             56.5700 ZAR
ORD          Purchase          400             57.3100 ZAR
ORD          Purchase          416             56.6000 ZAR
ORD          Purchase          455             57.5500 ZAR
ORD          Purchase          473             57.4100 ZAR
ORD          Purchase          479             56.1300 ZAR
ORD          Purchase          500             56.5900 ZAR
ORD          Purchase          523             56.9800 ZAR
ORD          Purchase          558             56.8400 ZAR
ORD          Purchase          573             57.1400 ZAR
ORD          Purchase          600             56.5000 ZAR
ORD          Purchase          600             56.5100 ZAR
ORD          Purchase          602             57.2200 ZAR
ORD          Purchase          608             56.6200 ZAR
ORD          Purchase          625             57.2400 ZAR
ORD          Purchase          686             57.1200 ZAR
ORD          Purchase          697             57.2100 ZAR
ORD          Purchase          702             57.4400 ZAR
ORD          Purchase          806             56.4500 ZAR
ORD          Purchase          812             56.4100 ZAR
ORD          Purchase          831             56.9600 ZAR
ORD          Purchase          870             56.8200 ZAR
ORD          Purchase          938             56.3100 ZAR
ORD          Purchase          943             56.3500 ZAR
ORD          Purchase          953             56.9400 ZAR
ORD          Purchase          966             57.1000 ZAR
ORD          Purchase          974             56.9500 ZAR
ORD          Purchase          976             56.7100 ZAR
ORD          Purchase          978             56.5200 ZAR
ORD          Purchase          1,054           57.3900 ZAR
ORD          Purchase          1,126           57.0900 ZAR
ORD          Purchase          1,171           56.8800 ZAR
ORD          Purchase          1,203           57.0100 ZAR
ORD          Purchase          1,208           56.7800 ZAR
ORD          Purchase          1,303           56.7700 ZAR
ORD          Purchase          1,355           56.4900 ZAR
ORD          Purchase          1,363           57.0200 ZAR
ORD          Purchase          1,447           57.1900 ZAR
ORD          Purchase          1,482           56.8500 ZAR
ORD          Purchase          1,500           56.4800 ZAR
ORD          Purchase          1,528           56.7600 ZAR
ORD          Purchase          1,859           56.9000 ZAR
ORD          Purchase          1,893           56.6300 ZAR
ORD          Purchase          1,921           56.6400 ZAR
ORD          Purchase          1,976           57.5300 ZAR
ORD          Purchase          2,113           56.6900 ZAR
ORD          Purchase          2,272           56.9200 ZAR
ORD          Purchase          2,606           56.7000 ZAR
ORD          Purchase          2,740           56.9100 ZAR
ORD          Purchase          2,892           56.6100 ZAR
ORD          Purchase          2,993           56.9300 ZAR
ORD          Purchase          3,332           56.6600 ZAR
ORD          Purchase          3,397           56.6700 ZAR
ORD          Purchase          3,451           56.9700 ZAR
ORD          Purchase          4,751           57.2000 ZAR
ORD          Purchase          4,922           56.8300 ZAR
ORD          Purchase          5,321           56.7900 ZAR
ORD          Purchase          6,605           56.7500 ZAR
ORD          Purchase          8,301           57.5000 ZAR
ORD          Purchase          13,713          5.0895 ZAR
ORD          Purchase          31,199          56.6872 ZAR
ORD          Sale              4               56.6200 ZAR
ORD          Sale              17              57.2100 ZAR
ORD          Sale              42              57.5000 ZAR
ORD          Sale              90              57.3000 ZAR
ORD          Sale              95              57.0200 ZAR
ORD          Sale              97              56.4100 ZAR
ORD          Sale              146             56.5400 ZAR
ORD          Sale              256             56.5500 ZAR
ORD          Sale              256             57.1500 ZAR
ORD          Sale              270             56.6800 ZAR
ORD          Sale              300             57.4800 ZAR
ORD          Sale              303             56.3100 ZAR
ORD          Sale              307             56.3200 ZAR
ORD          Sale              400             56.7900 ZAR
ORD          Sale              417             57.0700 ZAR
ORD          Sale              481             56.5600 ZAR
ORD          Sale              500             56.6500 ZAR
ORD          Sale              500             56.7800 ZAR
ORD          Sale              500             57.0000 ZAR
ORD          Sale              512             56.8100 ZAR
ORD          Sale              514             57.0100 ZAR
ORD          Sale              600             56.4300 ZAR
ORD          Sale              700             56.8900 ZAR
ORD          Sale              700             56.9100 ZAR
ORD          Sale              800             57.2000 ZAR
ORD          Sale              823             57.0300 ZAR
ORD          Sale              1,055           56.4900 ZAR
ORD          Sale              1,300           56.9200 ZAR
ORD          Sale              1,500           56.7500 ZAR
ORD          Sale              1,825           56.5000 ZAR
ORD          Sale              2,024           56.3500 ZAR
ORD          Sale              2,195           56.6900 ZAR
ORD          Sale              5,292           56.6600 ZAR
ORD          Sale              6,314           56.5200 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                   5,804          56.6505 ZAR
ORD          CFD            Long                   6,385          56.4157 ZAR
ORD          CFD            Long                   7,609          56.9341 ZAR
ORD          CFD            Long                   33,637         56.8104 ZAR
ORD          CFD            Short                  3,048          57.4126 ZAR
ORD          CFD            Short                  7,887          56.6984 ZAR
ORD          CFD            Short                  9,510          56.7534 ZAR
ORD          CFD            Short                  13,192         56.7760 ZAR
ORD          CFD            Short                  19,798         56.6796 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:          28 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.