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:                  10 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:        3,287,048     0.70%       2,118,331     0.45%
(2) Derivatives
    (other
    than options):     1,889,362     0.40%          88,060     0.02%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.48%       1,514,000     0.32%

    TOTAL:             7,461,910     1.58%       3,720,391     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       32              54.8200 ZAR
ORD          Purchase       45              53.6300 ZAR
ORD          Purchase       49              54.6800 ZAR
ORD          Purchase       179             54.3900 ZAR
ORD          Purchase       179             55.0000 ZAR
ORD          Purchase       180             54.4500 ZAR
ORD          Purchase       182             54.9700 ZAR
ORD          Purchase       182             54.9800 ZAR
ORD          Purchase       195             54.5100 ZAR
ORD          Purchase       214             54.9900 ZAR
ORD          Purchase       255             54.9500 ZAR
ORD          Purchase       268             54.2800 ZAR
ORD          Purchase       358             54.3400 ZAR
ORD          Purchase       360             54.9200 ZAR
ORD          Purchase       387             54.5400 ZAR
ORD          Purchase       466             54.1800 ZAR
ORD          Purchase       554             54.0900 ZAR
ORD          Purchase       615             53.6800 ZAR
ORD          Purchase       616             54.7400 ZAR
ORD          Purchase       645             54.9600 ZAR
ORD          Purchase       806             4.8285 GBP
ORD          Purchase       987             54.7000 ZAR
ORD          Purchase       990             4.8000 GBP
ORD          Purchase       1,000           4.8918 GBP
ORD          Purchase       1,106           54.8100 ZAR
ORD          Purchase       1,205           54.2900 ZAR
ORD          Purchase       1,278           54.4800 ZAR
ORD          Purchase       1,428           4.8210 GBP
ORD          Purchase       1,488           54.0600 ZAR
ORD          Purchase       1,605           54.4600 ZAR
ORD          Purchase       1,860           54.3500 ZAR
ORD          Purchase       2,209           53.8000 ZAR
ORD          Purchase       2,500           54.7500 ZAR
ORD          Purchase       2,569           54.5300 ZAR
ORD          Purchase       2,849           54.7600 ZAR
ORD          Purchase       3,000           54.0500 ZAR
ORD          Purchase       3,000           54.1100 ZAR
ORD          Purchase       3,091           4.8010 GBP
ORD          Purchase       3,249           54.7700 ZAR
ORD          Purchase       3,351           54.8800 ZAR
ORD          Purchase       3,646           54.1000 ZAR
ORD          Purchase       4,054           53.8300 ZAR
ORD          Purchase       5,181           54.8400 ZAR
ORD          Purchase       6,053           54.7900 ZAR
ORD          Purchase       6,195           53.7100 ZAR
ORD          Purchase       6,419           54.7800 ZAR
ORD          Purchase       7,916           54.8000 ZAR
ORD          Purchase       8,480           54.0400 ZAR
ORD          Purchase       8,526           54.8300 ZAR
ORD          Purchase       12,731          54.5000 ZAR
ORD          Purchase       15,399          4.8557 GBP
ORD          Purchase       16,210          54.8500 ZAR
ORD          Purchase       20,259          4.8195 GBP
ORD          Purchase       23,500          4.8684 GBP
ORD          Purchase       41,425          4.8336 GBP
ORD          Purchase       104,432         4.8077 GBP
ORD          Sale           166             54.7400 ZAR
ORD          Sale           179             54.2500 ZAR
ORD          Sale           200             4.8170 GBP
ORD          Sale           296             54.0500 ZAR
ORD          Sale           358             54.0400 ZAR
ORD          Sale           380             4.8761 GBP
ORD          Sale           449             54.6400 ZAR
ORD          Sale           501             54.9300 ZAR
ORD          Sale           557             54.6100 ZAR
ORD          Sale           568             53.8300 ZAR
ORD          Sale           728             53.9600 ZAR
ORD          Sale           786             54.4600 ZAR
ORD          Sale           799             54.9400 ZAR
ORD          Sale           869             54.5700 ZAR
ORD          Sale           873             54.5300 ZAR
ORD          Sale           900             54.2400 ZAR
ORD          Sale           1,000           54.5100 ZAR
ORD          Sale           1,000           54.5500 ZAR
ORD          Sale           1,000           54.7200 ZAR
ORD          Sale           1,000           54.8400 ZAR
ORD          Sale           1,071           54.2300 ZAR
ORD          Sale           1,278           54.4800 ZAR
ORD          Sale           1,436           54.7100 ZAR
ORD          Sale           1,478           53.8400 ZAR
ORD          Sale           1,593           53.9500 ZAR
ORD          Sale           1,771           54.9200 ZAR
ORD          Sale           1,802           54.8200 ZAR
ORD          Sale           1,805           54.6900 ZAR
ORD          Sale           1,807           54.5200 ZAR
ORD          Sale           1,980           54.6300 ZAR
ORD          Sale           2,500           54.4700 ZAR
ORD          Sale           2,619           54.8500 ZAR
ORD          Sale           2,787           54.6000 ZAR
ORD          Sale           2,975           4.8684 GBP
ORD          Sale           3,014           54.2200 ZAR
ORD          Sale           3,071           54.9000 ZAR
ORD          Sale           3,087           4.8063 GBP
ORD          Sale           3,238           54.7800 ZAR
ORD          Sale           3,727           54.2900 ZAR
ORD          Sale           3,943           54.5800 ZAR
ORD          Sale           4,195           53.7100 ZAR
ORD          Sale           4,798           53.8100 ZAR
ORD          Sale           4,815           4.8769 GBP
ORD          Sale           4,964           54.4900 ZAR
ORD          Sale           5,146           4.8753 GBP
ORD          Sale           5,706           54.2000 ZAR
ORD          Sale           6,548           4.7812 GBP
ORD          Sale           7,118           54.8800 ZAR
ORD          Sale           7,249           4.8680 GBP
ORD          Sale           7,772           54.7900 ZAR
ORD          Sale           8,995           4.8049 GBP
ORD          Sale           10,184          4.8645 GBP
ORD          Sale           10,216          4.8580 GBP
ORD          Sale           13,403          54.5000 ZAR
ORD          Sale           15,835          53.8000 ZAR
ORD          Sale           40,824          54.7000 ZAR
ORD          Sale           61,072          54.8000 ZAR
ORD          Sale           88,671          4.8511 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                   2,975          4.8680 GBP
ORD          CFD            Long                   6,548          4.7812 GBP
ORD          CFD            Long                   15,760         52.6121 ZAR
ORD          CFD            Long                   28,467         54.5777 ZAR
ORD          CFD            Long                   33,098         54.4593 ZAR
ORD          CFD            Long                   88,671         4.8511 GBP
ORD          CFD            Long                   113,515        54.5558 ZAR
ORD          CFD            Short                  806            4.8285 GBP
ORD          CFD            Short                  1,000          4.8918 GBP
ORD          CFD            Short                  1,428          4.8210 GBP
ORD          CFD            Short                  15,213         54.8243 ZAR
ORD          CFD            Short                  41,425         4.8336 GBP
ORD          CFD            Short                  77,325         54.1281 ZAR
ORD          CFD            Short                  98,302         54.5193 ZAR
ORD          CFD            Short                  104,432        4.8077 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:          11 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.