Form 8.3 - INVESTEC PLC

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 PLC
    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:
                                                            Rensburg Sheppards Plc
                                                            Investec Ltd

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:        2,530,849     0.54%      1,911,708     0.41%
(2) Derivatives
    (other
    than options):       316,038     0.07%        289,708     0.06%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.49%      1,514,000     0.32%

    TOTAL:             5,132,387     1.09%      3,715,416     0.79%


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       46              53.2200 ZAR
ORD          Purchase       111             52.8800 ZAR
ORD          Purchase       164             51.7600 ZAR
ORD          Purchase       219             53.0700 ZAR
ORD          Purchase       288             53.6200 ZAR
ORD          Purchase       292             52.6000 ZAR
ORD          Purchase       312             53.1600 ZAR
ORD          Purchase       320             53.0400 ZAR
ORD          Purchase       360             52.2100 ZAR
ORD          Purchase       360             53.3300 ZAR
ORD          Purchase       361             52.9900 ZAR
ORD          Purchase       639             52.2300 ZAR
ORD          Purchase       655             52.5700 ZAR
ORD          Purchase       720             52.2500 ZAR
ORD          Purchase       735             4.6228 GBP
ORD          Purchase       764             52.5900 ZAR
ORD          Purchase       825             52.9500 ZAR
ORD          Purchase       877             52.5600 ZAR
ORD          Purchase       918             4.6486 GBP
ORD          Purchase       1,088           53.1500 ZAR
ORD          Purchase       1,250           52.2000 ZAR
ORD          Purchase       1,555           53.0500 ZAR
ORD          Purchase       1,788           52.2900 ZAR
ORD          Purchase       2,314           52.3400 ZAR
ORD          Purchase       2,473           53.0300 ZAR
ORD          Purchase       2,500           52.3300 ZAR
ORD          Purchase       2,508           53.0100 ZAR
ORD          Purchase       2,532           52.2400 ZAR
ORD          Purchase       2,540           52.3000 ZAR
ORD          Purchase       3,000           52.9400 ZAR
ORD          Purchase       3,006           53.0600 ZAR
ORD          Purchase       3,015           4.7629 GBP
ORD          Purchase       4,219           53.0200 ZAR
ORD          Purchase       5,177           4.6201 GBP
ORD          Purchase       6,786           53.0800 ZAR
ORD          Purchase       7,743           4.7475 GBP
ORD          Purchase       11,562          4.7641 GBP
ORD          Purchase       38,971          4.6505 GBP
ORD          Purchase       697,187         4.7505 GBP
ORD          Sale           65              53.4600 ZAR
ORD          Sale           95              52.5400 ZAR
ORD          Sale           125             53.3800 ZAR
ORD          Sale           129             53.5200 ZAR
ORD          Sale           142             52.9100 ZAR
ORD          Sale           163             52.6200 ZAR
ORD          Sale           179             52.2000 ZAR
ORD          Sale           182             52.1800 ZAR
ORD          Sale           200             52.3000 ZAR
ORD          Sale           286             52.9600 ZAR
ORD          Sale           358             52.9400 ZAR
ORD          Sale           536             53.4800 ZAR
ORD          Sale           553             53.5700 ZAR
ORD          Sale           600             52.4000 ZAR
ORD          Sale           615             52.2600 ZAR
ORD          Sale           659             53.1900 ZAR
ORD          Sale           679             53.1100 ZAR
ORD          Sale           715             53.2100 ZAR
ORD          Sale           900             4.6275 GBP
ORD          Sale           1,073           53.3400 ZAR
ORD          Sale           1,095           52.2100 ZAR
ORD          Sale           1,610           4.7660 GBP
ORD          Sale           1,788           53.2000 ZAR
ORD          Sale           1,804           53.2300 ZAR
ORD          Sale           1,967           53.1500 ZAR
ORD          Sale           2,000           52.0600 ZAR
ORD          Sale           2,000           52.8600 ZAR
ORD          Sale           2,103           52.8300 ZAR
ORD          Sale           2,716           53.0900 ZAR
ORD          Sale           2,962           52.7900 ZAR
ORD          Sale           3,389           53.1800 ZAR
ORD          Sale           3,433           53.2900 ZAR
ORD          Sale           3,483           4.7844 GBP
ORD          Sale           3,486           53.0300 ZAR
ORD          Sale           3,486           53.6400 ZAR
ORD          Sale           3,494           52.9500 ZAR
ORD          Sale           3,547           53.5300 ZAR
ORD          Sale           3,668           52.9700 ZAR
ORD          Sale           3,917           53.2700 ZAR
ORD          Sale           4,078           53.4100 ZAR
ORD          Sale           4,560           53.2600 ZAR
ORD          Sale           4,628           53.2200 ZAR
ORD          Sale           4,996           53.4700 ZAR
ORD          Sale           5,026           52.8200 ZAR
ORD          Sale           5,076           53.2800 ZAR
ORD          Sale           5,628           4.7769 GBP
ORD          Sale           5,770           53.5400 ZAR
ORD          Sale           6,000           52.8500 ZAR
ORD          Sale           6,377           52.8700 ZAR
ORD          Sale           6,843           52.8400 ZAR
ORD          Sale           6,897           52.8800 ZAR
ORD          Sale           7,120           4.6444 GBP
ORD          Sale           7,327           4.7716 GBP
ORD          Sale           7,347           53.0400 ZAR
ORD          Sale           9,000           53.3000 ZAR
ORD          Sale           9,000           53.5800 ZAR
ORD          Sale           9,337           52.9800 ZAR
ORD          Sale           9,773           52.9900 ZAR
ORD          Sale           10,332          53.0600 ZAR
ORD          Sale           10,798          53.1600 ZAR
ORD          Sale           11,238          52.8900 ZAR
ORD          Sale           11,562          4.7637 GBP
ORD          Sale           11,562          4.7641 GBP
ORD          Sale           12,518          4.7214 GBP
ORD          Sale           13,461          53.0700 ZAR
ORD          Sale           13,800          53.0100 ZAR
ORD          Sale           14,627          53.0800 ZAR
ORD          Sale           15,566          4.7282 GBP
ORD          Sale           15,791          53.0200 ZAR
ORD          Sale           25,423          53.0500 ZAR
ORD          Sale           29,589          52.8000 ZAR
ORD          Sale           35,900          53.2500 ZAR
ORD          Sale           48,281          52.9000 ZAR
ORD          Sale           52,726          4.7398 GBP
ORD          Sale           63,326          53.5000 ZAR
ORD          Sale           111,213         53.0000 ZAR
ORD          Sale           143,700         4.7761 GBP


(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                   900            4.6275 GBP
ORD          CFD            Long                   1,610          4.7660 GBP
ORD          CFD            Long                   5,628          4.7769 GBP
ORD          CFD            Long                   11,562         4.7637 GBP
ORD          CFD            Long                   12,518         4.7214 GBP
ORD          CFD            Long                   15,566         4.7282 GBP
ORD          CFD            Long                   43,083         52.7648 ZAR
ORD          CFD            Long                   52,726         4.7398 GBP
ORD          CFD            Long                   152,769        53.1431 ZAR
ORD          CFD            Long                   320,772        53.0293 ZAR
ORD          CFD            Long                   382,124        53.0085 ZAR
ORD          CFD            Short                  735            4.6228 GBP
ORD          CFD            Short                  1,414          52.1698 ZAR
ORD          CFD            Short                  5,177          4.6201 GBP
ORD          CFD            Short                  38,971         4.6505 GBP
ORD          CFD            Short                  41,669         52.7893 ZAR
ORD          CFD            Short                  697,187        4.7505 GBP
ORD          CFD            Short                  855,665        53.0394 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.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO
PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Identity of the person whose positions/dealings
are being disclosed:                                       Barclays PLC.
Name of offeror/offeree in relation to whose
relevant securities this from relates:                     INVESTEC

2. OPTIONS AND DERIVATIVES

Class of   Product       Writing,      Number of    Exercise   Type       Expiry
relevant   description   purchasing,   securities   price                 date
security                 selling,      to which     per unit
                         varying etc   option
                                       relates
ORD        Futures       Selling       -260,000                           17 Jun 2010
ORD        Futures       Purchased     540,800                            16 Sep 2010
ORD        Put Options   Purchased     19,400       47.3000    American   16 Sep 2010
ORD        Put Options   Written       -19,400      59.1300    American   16 Sep 2010
ORD        Call Options  Purchased     19,400       68.0000    American   16 Sep 2010
ORD        Put Options   Purchased     1,234,600    52.0000    American   16 Sep 2010
ORD        Call Options  Purchased     471,300      54.0000    American   17 Jun 2010
ORD        Call Options  Written       -1,234,600   70.0000    American   16 Sep 2010


3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully
understood: