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:                  08 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:        3,579,594     0.76%      2,250,901     0.48%
(2) Derivatives
    (other
    than options):     2,140,726     0.45%         93,918     0.02%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.48%      1,514,000     0.32%

    TOTAL:             8,005,820     1.70%      3,858,819     0.82%


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       4               52.0900 ZAR
ORD          Purchase       36              52.3400 ZAR
ORD          Purchase       94              52.3200 ZAR
ORD          Purchase       211             53.2400 ZAR
ORD          Purchase       236             52.3100 ZAR
ORD          Purchase       238             4.7375 GBP
ORD          Purchase       412             52.1900 ZAR
ORD          Purchase       446             52.0200 ZAR
ORD          Purchase       500             52.0500 ZAR
ORD          Purchase       521             52.3300 ZAR
ORD          Purchase       562             52.2000 ZAR
ORD          Purchase       568             52.7200 ZAR
ORD          Purchase       596             53.1900 ZAR
ORD          Purchase       645             4.7250 GBP
ORD          Purchase       665             51.9400 ZAR
ORD          Purchase       677             51.8000 ZAR
ORD          Purchase       679             52.2300 ZAR
ORD          Purchase       737             51.9600 ZAR
ORD          Purchase       782             52.2900 ZAR
ORD          Purchase       852             53.0000 ZAR
ORD          Purchase       1,000           4.6796 GBP
ORD          Purchase       1,012           52.5400 ZAR
ORD          Purchase       1,029           52.2800 ZAR
ORD          Purchase       1,183           52.7300 ZAR
ORD          Purchase       1,220           52.7100 ZAR
ORD          Purchase       1,256           52.5000 ZAR
ORD          Purchase       1,472           52.1000 ZAR
ORD          Purchase       1,517           52.2600 ZAR
ORD          Purchase       1,536           53.0200 ZAR
ORD          Purchase       1,612           51.8600 ZAR
ORD          Purchase       1,629           52.0300 ZAR
ORD          Purchase       1,664           52.1500 ZAR
ORD          Purchase       1,691           52.7000 ZAR
ORD          Purchase       1,813           52.1400 ZAR
ORD          Purchase       1,841           51.9900 ZAR
ORD          Purchase       2,000           52.0600 ZAR
ORD          Purchase       2,000           52.0800 ZAR
ORD          Purchase       2,258           51.9000 ZAR
ORD          Purchase       2,402           52.4900 ZAR
ORD          Purchase       2,491           52.1200 ZAR
ORD          Purchase       2,700           4.6646 GBP
ORD          Purchase       2,914           52.1300 ZAR
ORD          Purchase       2,925           51.9300 ZAR
ORD          Purchase       2,968           52.1100 ZAR
ORD          Purchase       2,999           52.6500 ZAR
ORD          Purchase       3,087           51.9700 ZAR
ORD          Purchase       3,174           52.2100 ZAR
ORD          Purchase       3,496           52.3000 ZAR
ORD          Purchase       3,543           51.9200 ZAR
ORD          Purchase       3,620           53.1200 ZAR
ORD          Purchase       3,717           52.1600 ZAR
ORD          Purchase       3,831           4.6666 GBP
ORD          Purchase       3,927           52.2700 ZAR
ORD          Purchase       4,318           52.5300 ZAR
ORD          Purchase       4,411           53.1500 ZAR
ORD          Purchase       5,258           52.5500 ZAR
ORD          Purchase       5,827           4.6812 GBP
ORD          Purchase       6,000           52.0100 ZAR
ORD          Purchase       6,045           52.2200 ZAR
ORD          Purchase       7,848           52.2400 ZAR
ORD          Purchase       7,937           4.6523 GBP
ORD          Purchase       9,576           52.0400 ZAR
ORD          Purchase       11,932          4.6686 GBP
ORD          Purchase       16,290          4.6450 GBP
ORD          Purchase       16,581          53.2500 ZAR
ORD          Purchase       22,222          51.9500 ZAR
ORD          Purchase       56,225          52.2500 ZAR
ORD          Purchase       64,409          52.0000 ZAR
ORD          Purchase       119,722         4.6605 GBP
ORD          Sale           51              52.3400 ZAR
ORD          Sale           142             52.5300 ZAR
ORD          Sale           179             52.0200 ZAR
ORD          Sale           180             52.2400 ZAR
ORD          Sale           200             52.4400 ZAR
ORD          Sale           401             51.9300 ZAR
ORD          Sale           402             52.4900 ZAR
ORD          Sale           434             51.8600 ZAR
ORD          Sale           644             52.0000 ZAR
ORD          Sale           946             51.9500 ZAR
ORD          Sale           999             52.1600 ZAR
ORD          Sale           1,633           52.7300 ZAR
ORD          Sale           2,000           52.3000 ZAR
ORD          Sale           2,000           53.1200 ZAR
ORD          Sale           2,000           53.3900 ZAR
ORD          Sale           3,000           51.7900 ZAR
ORD          Sale           3,000           51.8100 ZAR
ORD          Sale           3,386           4.6490 GBP
ORD          Sale           3,500           52.5100 ZAR
ORD          Sale           3,961           4.6793 GBP
ORD          Sale           9,200           53.2500 ZAR
ORD          Sale           9,287           4.6763 GBP
ORD          Sale           12,264          52.5000 ZAR
ORD          Sale           14,002          4.6711 GBP
ORD          Sale           24,333          4.6593 GBP
ORD          Sale           53,632          4.6420 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                   200            52.4190 ZAR
ORD          CFD            Long                   286            51.9804 ZAR
ORD          CFD            Long                   3,961          4.6793 GBP
ORD          CFD            Long                   9,294          51.9387 ZAR
ORD          CFD            Long                   24,333         4.6593 GBP
ORD          CFD            Long                   30,964         52.7874 ZAR
ORD          CFD            Long                   53,632         4.6420 GBP
ORD          CFD            Long                   66,519         52.3269 ZAR
ORD          CFD            Long                   86,228         52.1585 ZAR
ORD          CFD            Short                  238            4.7375 GBP
ORD          CFD            Short                  2,700          4.6646 GBP
ORD          CFD            Short                  2,874          52.3261 ZAR
ORD          CFD            Short                  5,034          52.9192 ZAR
ORD          CFD            Short                  5,827          4.6812 GBP
ORD          CFD            Short                  6,703          52.5233 ZAR
ORD          CFD            Short                  11,932         4.6686 GBP
ORD          CFD            Short                  71,617         52.0691 ZAR
ORD          CFD            Short                  107,263        52.4231 ZAR
ORD          CFD            Short                  119,722        4.6605 GBP


(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:          09 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.