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:                  2 June 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:        2,720,289     0.58%      1,892,636     0.40%
(2) Derivatives
    (other
    than options):     1,038,617     0.22%        674,458     0.14%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.49%      1,514,000     0.32%

    TOTAL:             6,044,406     1.28%      4,081,094     0.87%


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               4.9150 GBP
ORD          Purchase       8               4.9177 GBP
ORD          Purchase       94              54.5800 ZAR
ORD          Purchase       119             54.3900 ZAR
ORD          Purchase       158             54.4600 ZAR
ORD          Purchase       200             54.4300 ZAR
ORD          Purchase       213             54.9800 ZAR
ORD          Purchase       216             54.9700 ZAR
ORD          Purchase       285             54.8100 ZAR
ORD          Purchase       300             4.8310 GBP
ORD          Purchase       392             55.1900 ZAR
ORD          Purchase       395             55.0100 ZAR
ORD          Purchase       400             54.0000 ZAR
ORD          Purchase       439             54.6100 ZAR
ORD          Purchase       538             54.8200 ZAR
ORD          Purchase       586             54.9400 ZAR
ORD          Purchase       715             55.0900 ZAR
ORD          Purchase       760             54.3700 ZAR
ORD          Purchase       774             55.0400 ZAR
ORD          Purchase       821             54.9500 ZAR
ORD          Purchase       1,096           54.6900 ZAR
ORD          Purchase       1,100           54.2800 ZAR
ORD          Purchase       1,156           54.7400 ZAR
ORD          Purchase       1,250           54.9200 ZAR
ORD          Purchase       1,262           55.0800 ZAR
ORD          Purchase       1,288           54.7500 ZAR
ORD          Purchase       1,297           54.7800 ZAR
ORD          Purchase       1,323           4.8100 GBP
ORD          Purchase       1,393           4.9120 GBP
ORD          Purchase       1,600           54.4500 ZAR
ORD          Purchase       1,651           55.1600 ZAR
ORD          Purchase       1,902           55.2600 ZAR
ORD          Purchase       2,000           54.3200 ZAR
ORD          Purchase       2,000           54.5500 ZAR
ORD          Purchase       2,000           54.6300 ZAR
ORD          Purchase       2,002           54.7200 ZAR
ORD          Purchase       2,016           54.8300 ZAR
ORD          Purchase       2,141           54.6700 ZAR
ORD          Purchase       2,556           4.8868 GBP
ORD          Purchase       2,835           54.6800 ZAR
ORD          Purchase       2,862           55.0000 ZAR
ORD          Purchase       2,967           4.8800 GBP
ORD          Purchase       3,000           54.5900 ZAR
ORD          Purchase       3,000           54.7300 ZAR
ORD          Purchase       3,165           54.7900 ZAR
ORD          Purchase       3,407           54.9000 ZAR
ORD          Purchase       3,643           55.0500 ZAR
ORD          Purchase       3,833           54.8600 ZAR
ORD          Purchase       3,935           4.8384 GBP
ORD          Purchase       4,231           54.7100 ZAR
ORD          Purchase       4,453           54.9100 ZAR
ORD          Purchase       4,544           55.2500 ZAR
ORD          Purchase       4,708           54.8400 ZAR
ORD          Purchase       4,816           54.8700 ZAR
ORD          Purchase       5,154           4.8803 GBP
ORD          Purchase       5,416           54.8000 ZAR
ORD          Purchase       6,189           54.7700 ZAR
ORD          Purchase       6,696           54.6600 ZAR
ORD          Purchase       7,184           54.7600 ZAR
ORD          Purchase       7,454           54.8800 ZAR
ORD          Purchase       9,044           54.8900 ZAR
ORD          Purchase       9,965           55.1000 ZAR
ORD          Purchase       11,933          54.8500 ZAR
ORD          Purchase       11,995          54.9300 ZAR
ORD          Purchase       13,008          4.9011 GBP
ORD          Purchase       13,706          54.7000 ZAR
ORD          Purchase       36,216          4.8927 GBP
ORD          Purchase       299,240         4.8791 GBP
ORD          Sale           1               4.9150 GBP
ORD          Sale           96              54.6800 ZAR
ORD          Sale           360             54.7200 ZAR
ORD          Sale           399             4.8069 GBP
ORD          Sale           412             54.8900 ZAR
ORD          Sale           579             54.7000 ZAR
ORD          Sale           700             4.8102 GBP
ORD          Sale           767             54.6700 ZAR
ORD          Sale           880             4.8560 GBP
ORD          Sale           920             4.8710 GBP
ORD          Sale           1,100           54.2800 ZAR
ORD          Sale           1,300           55.2500 ZAR
ORD          Sale           1,600           54.4500 ZAR
ORD          Sale           1,600           54.6300 ZAR
ORD          Sale           1,788           54.7300 ZAR
ORD          Sale           2,000           54.5500 ZAR
ORD          Sale           2,022           4.9135 GBP
ORD          Sale           2,141           4.9120 GBP
ORD          Sale           3,715           54.5900 ZAR
ORD          Sale           6,224           4.8487 GBP
ORD          Sale           6,348           54.6600 ZAR
ORD          Sale           9,367           4.8906 GBP
ORD          Sale           12,260          4.9005 GBP
ORD          Sale           13,008          4.9007 GBP
ORD          Sale           24,065          55.1000 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                   399            4.8069 GBP
ORD          CFD            Long                   700            4.8102 GBP
ORD          CFD            Long                   1,300          55.2292 ZAR
ORD          CFD            Long                   1,482          54.6095 ZAR
ORD          CFD            Long                   2,000          54.5281 ZAR
ORD          CFD            Long                   13,008         4.9007 GBP
ORD          CFD            Long                   16,883         54.5940 ZAR
ORD          CFD            Long                   40,835         54.7476 ZAR
ORD          CFD            Long                   297,940        54.8852 ZAR
ORD          CFD            Short                  163            54.9219 ZAR
ORD          CFD            Short                  300            4.8310 GBP
ORD          CFD            Short                  2,097          54.7743 ZAR
ORD          CFD            Short                  2,967          4.8800 GBP
ORD          CFD            Short                  5,154          4.8803 GBP
ORD          CFD            Short                  7,707          54.4626 ZAR
ORD          CFD            Short                  30,868         54.8204 ZAR
ORD          CFD            Short                  36,216         4.8927 GBP
ORD          CFD            Short                  299,240        4.8791 GBP
ORD          CFD            Short                  319,605        54.8618 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?      YES


Date of disclosure:          3 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.


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:


It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to
contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
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.