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:                  09 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:        3,326,890     0.71%        2,111,269    0.45%
(2) Derivatives
    (other
    than options):     1,875,429     0.40%        44,207       0.01%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.48%        1,514,000    0.32%

    TOTAL:             7,487,819     1.59%        3,669,476    0.78%

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          63              53.3600 ZAR
ORD          Purchase          99              53.6900 ZAR
ORD          Purchase          100             52.6300 ZAR
ORD          Purchase          100             53.3400 ZAR
ORD          Purchase          100             53.6400 ZAR
ORD          Purchase          171             53.2500 ZAR
ORD          Purchase          179             53.7700 ZAR
ORD          Purchase          200             53.0700 ZAR
ORD          Purchase          200             53.5900 ZAR
ORD          Purchase          200             53.6200 ZAR
ORD          Purchase          250             4.7525 GBP
ORD          Purchase          260             53.6800 ZAR
ORD          Purchase          300             53.6500 ZAR
ORD          Purchase          317             53.0600 ZAR
ORD          Purchase          500             53.6700 ZAR
ORD          Purchase          588             4.7823 GBP
ORD          Purchase          601             53.6100 ZAR
ORD          Purchase          844             53.5700 ZAR
ORD          Purchase          982             53.3200 ZAR
ORD          Purchase          988             53.1700 ZAR
ORD          Purchase          1,084           53.2400 ZAR
ORD          Purchase          1,115           53.4200 ZAR
ORD          Purchase          1,143           53.3800 ZAR
ORD          Purchase          1,200           53.3500 ZAR
ORD          Purchase          1,307           53.3300 ZAR
ORD          Purchase          1,397           53.6300 ZAR
ORD          Purchase          1,673           53.5400 ZAR
ORD          Purchase          1,678           53.1300 ZAR
ORD          Purchase          1,824           4.7303 GBP
ORD          Purchase          1,826           53.3000 ZAR
ORD          Purchase          1,845           52.8200 ZAR
ORD          Purchase          1,869           53.4000 ZAR
ORD          Purchase          2,000           52.7200 ZAR
ORD          Purchase          2,100           53.2000 ZAR
ORD          Purchase          2,247           53.5500 ZAR
ORD          Purchase          2,315           4.7674 GBP
ORD          Purchase          2,614           53.7500 ZAR
ORD          Purchase          3,000           53.3900 ZAR
ORD          Purchase          3,018           4.7539 GBP
ORD          Purchase          3,100           53.1900 ZAR
ORD          Purchase          3,305           53.4100 ZAR
ORD          Purchase          3,860           52.7600 ZAR
ORD          Purchase          4,000           52.7500 ZAR
ORD          Purchase          4,502           53.8000 ZAR
ORD          Purchase          4,749           53.6000 ZAR
ORD          Purchase          4,855           53.1000 ZAR
ORD          Purchase          5,106           4.7941 GBP
ORD          Purchase          5,340           53.1100 ZAR
ORD          Purchase          9,042           53.7100 ZAR
ORD          Purchase          9,082           4.7425 GBP
ORD          Purchase          11,879          4.7718 GBP
ORD          Purchase          13,051          53.7000 ZAR
ORD          Purchase          41,616          4.7641 GBP
ORD          Purchase          171,271         4.7629 GBP
ORD          Sale              250             4.7525 GBP
ORD          Sale              250             4.7559 GBP
ORD          Sale              359             53.7200 ZAR
ORD          Sale              590             53.3800 ZAR
ORD          Sale              788             53.3700 ZAR
ORD          Sale              866             53.3200 ZAR
ORD          Sale              1,000           52.6900 ZAR
ORD          Sale              1,038           53.1300 ZAR
ORD          Sale              1,039           52.8200 ZAR
ORD          Sale              1,077           53.8000 ZAR
ORD          Sale              1,573           4.7572 GBP
ORD          Sale              1,657           4.7379 GBP
ORD          Sale              1,837           53.3900 ZAR
ORD          Sale              2,000           52.7000 ZAR
ORD          Sale              2,078           53.4100 ZAR
ORD          Sale              2,163           4.7504 GBP
ORD          Sale              2,526           53.7800 ZAR
ORD          Sale              3,192           53.7500 ZAR
ORD          Sale              3,860           52.7600 ZAR
ORD          Sale              3,933           53.1500 ZAR
ORD          Sale              4,000           52.7500 ZAR
ORD          Sale              5,263           53.7700 ZAR
ORD          Sale              7,219           4.7623 GBP
ORD          Sale              8,393           53.1100 ZAR
ORD          Sale              8,485           4.7604 GBP
ORD          Sale              8,815           53.3600 ZAR
ORD          Sale              9,836           53.7100 ZAR
ORD          Sale              10,000          4.7678 GBP
ORD          Sale              10,892          53.4000 ZAR
ORD          Sale              11,879          4.7713 GBP
ORD          Sale              11,879          4.7718 GBP
ORD          Sale              15,844          4.7605 GBP
ORD          Sale              18,210          4.7820 GBP
ORD          Sale              18,539          53.7000 ZAR
ORD          Sale              18,760          53.1000 ZAR
ORD          Sale              44,519          4.7646 GBP
ORD          Sale              44,676          4.7421 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                   1,657         4.7378 GBP
ORD          CFD            Long                   2,990         53.1779 ZAR
ORD          CFD            Long                   3,328         52.8929 ZAR
ORD          CFD            Long                   8,485         4.7604 GBP
ORD          CFD            Long                   10,000        4.7678 GBP
ORD          CFD            Long                   11,879        4.7713 GBP
ORD          CFD            Long                   44,676        4.7421 GBP
ORD          CFD            Long                   82,005        53.3729 ZAR
ORD          CFD            Long                   160,842       53.3700 ZAR
ORD          CFD            Short                  1,716         53.5256 ZAR
ORD          CFD            Short                  5,106         4.7941 GBP
ORD          CFD            Short                  23,212        53.2179 ZAR
ORD          CFD            Short                  26,326        53.2368 ZAR
ORD          CFD            Short                  30,751        53.6083 ZAR
ORD          CFD            Short                  167,160       53.3510 ZAR
ORD          CFD            Short                  171,271       4.7629 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:          10 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.