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:                  28 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:        1,551,322      0.58%        991,214     0.37%
(2) Derivatives
    (other
    than options):        74,058      0.03%         74,058     0.03%
(3) Options and
    agreements to
    purchase/sell:             0       0.00              0      0.00

    TOTAL:             1,625,380      0.60%      1,065,272     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          8               57.7600 ZAR
ORD          Purchase          9               57.8700 ZAR
ORD          Purchase          16              57.7700 ZAR
ORD          Purchase          16              57.9900 ZAR
ORD          Purchase          18              57.7100 ZAR
ORD          Purchase          30              57.8100 ZAR
ORD          Purchase          38              57.8300 ZAR
ORD          Purchase          57              57.8400 ZAR
ORD          Purchase          61              58.0000 ZAR
ORD          Purchase          71              57.8000 ZAR
ORD          Purchase          77              57.5900 ZAR
ORD          Purchase          82              57.9100 ZAR
ORD          Purchase          83              57.3000 ZAR
ORD          Purchase          99              57.9800 ZAR
ORD          Purchase          100             56.8900 ZAR
ORD          Purchase          100             56.9100 ZAR
ORD          Purchase          100             57.0800 ZAR
ORD          Purchase          100             57.1700 ZAR
ORD          Purchase          100             57.2300 ZAR
ORD          Purchase          100             57.3500 ZAR
ORD          Purchase          100             57.3700 ZAR
ORD          Purchase          100             57.5700 ZAR
ORD          Purchase          100             57.6100 ZAR
ORD          Purchase          100             57.8900 ZAR
ORD          Purchase          103             57.1200 ZAR
ORD          Purchase          103             57.7400 ZAR
ORD          Purchase          110             57.9600 ZAR
ORD          Purchase          121             57.6300 ZAR
ORD          Purchase          126             57.2800 ZAR
ORD          Purchase          133             57.4800 ZAR
ORD          Purchase          183             57.8600 ZAR
ORD          Purchase          200             56.9600 ZAR
ORD          Purchase          200             57.1300 ZAR
ORD          Purchase          200             58.0600 ZAR
ORD          Purchase          202             57.9000 ZAR
ORD          Purchase          203             57.6200 ZAR
ORD          Purchase          210             57.7800 ZAR
ORD          Purchase          273             57.4900 ZAR
ORD          Purchase          275             56.9000 ZAR
ORD          Purchase          285             57.5800 ZAR
ORD          Purchase          336             56.9200 ZAR
ORD          Purchase          340             58.1700 ZAR
ORD          Purchase          344             58.1900 ZAR
ORD          Purchase          400             56.9300 ZAR
ORD          Purchase          400             57.4700 ZAR
ORD          Purchase          417             57.6400 ZAR
ORD          Purchase          435             57.4600 ZAR
ORD          Purchase          436             57.1000 ZAR
ORD          Purchase          448             57.2700 ZAR
ORD          Purchase          504             57.0600 ZAR
ORD          Purchase          506             57.7900 ZAR
ORD          Purchase          522             58.1800 ZAR
ORD          Purchase          547             57.2900 ZAR
ORD          Purchase          551             57.4400 ZAR
ORD          Purchase          575             57.3300 ZAR
ORD          Purchase          673             57.0200 ZAR
ORD          Purchase          673             57.5300 ZAR
ORD          Purchase          700             56.9500 ZAR
ORD          Purchase          700             57.3800 ZAR
ORD          Purchase          753             57.2600 ZAR
ORD          Purchase          800             57.4000 ZAR
ORD          Purchase          834             57.5500 ZAR
ORD          Purchase          842             57.5000 ZAR
ORD          Purchase          876             56.9400 ZAR
ORD          Purchase          877             57.3100 ZAR
ORD          Purchase          908             56.8800 ZAR
ORD          Purchase          988             56.9900 ZAR
ORD          Purchase          1,000           57.3200 ZAR
ORD          Purchase          1,002           57.1500 ZAR
ORD          Purchase          1,039           57.4300 ZAR
ORD          Purchase          1,083           57.2000 ZAR
ORD          Purchase          1,083           57.4200 ZAR
ORD          Purchase          1,100           57.0700 ZAR
ORD          Purchase          1,236           57.5400 ZAR
ORD          Purchase          1,242           57.6000 ZAR
ORD          Purchase          1,394           57.0500 ZAR
ORD          Purchase          1,577           57.3400 ZAR
ORD          Purchase          1,674           57.4500 ZAR
ORD          Purchase          1,758           57.0900 ZAR
ORD          Purchase          1,925           56.9700 ZAR
ORD          Purchase          1,933           57.1100 ZAR
ORD          Purchase          1,997           57.3600 ZAR
ORD          Purchase          2,130           57.0300 ZAR
ORD          Purchase          2,400           57.3900 ZAR
ORD          Purchase          4,014           57.4100 ZAR
ORD          Purchase          4,906           57.0100 ZAR
ORD          Purchase          4,967           57.1600 ZAR
ORD          Purchase          11,233          57.0000 ZAR
ORD          Sale              4               57.3900 ZAR
ORD          Sale              5               57.8600 ZAR
ORD          Sale              18              57.7100 ZAR
ORD          Sale              100             57.8900 ZAR
ORD          Sale              111             58.1800 ZAR
ORD          Sale              330             57.9500 ZAR
ORD          Sale              400             57.2200 ZAR
ORD          Sale              409             58.0400 ZAR
ORD          Sale              409             58.1700 ZAR
ORD          Sale              475             57.6400 ZAR
ORD          Sale              526             57.5300 ZAR
ORD          Sale              1,136           57.7900 ZAR
ORD          Sale              1,206           57.5200 ZAR
ORD          Sale              1,233           57.5400 ZAR
ORD          Sale              1,266           57.2100 ZAR
ORD          Sale              1,326           58.1600 ZAR
ORD          Sale              1,500           57.7400 ZAR
ORD          Sale              1,920           57.6900 ZAR
ORD          Sale              2,140           57.5000 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            57.8900 ZAR
ORD          CFD            Long                   2,065          58.0808 ZAR
ORD          CFD            Long                   5,501          57.5568 ZAR
ORD          CFD            Long                   6,848          57.5712 ZAR
ORD          CFD            Long                   38,820         57.2780 ZAR
ORD          CFD            Short                  4,436          57.0392 ZAR
ORD          CFD            Short                  13,369         57.3746 ZAR
ORD          CFD            Short                  14,514         57.6447 ZAR
ORD          CFD            Short                  21,015         57.2515 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:          1 Jun 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.