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:                  14 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:        3,252,360     0.69%          2,299,373  0.49%
(2) Derivatives
    (other
    than options):     1,894,030     0.40%          113,997    0.02%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.48%          1,514,000  0.32%

    TOTAL:             7,431,890     1.57%          3,927,370  0.83%

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       124             55.2400 ZAR
ORD          Purchase       179             54.6000 ZAR
ORD          Purchase       179             55.3200 ZAR
ORD          Purchase       213             54.7500 ZAR
ORD          Purchase       216             54.7300 ZAR
ORD          Purchase       216             55.1700 ZAR
ORD          Purchase       285             55.1100 ZAR
ORD          Purchase       304             55.3300 ZAR
ORD          Purchase       323             54.9300 ZAR
ORD          Purchase       392             55.2900 ZAR
ORD          Purchase       497             55.1800 ZAR
ORD          Purchase       554             55.1200 ZAR
ORD          Purchase       558             55.2800 ZAR
ORD          Purchase       759             4.9220 GBP
ORD          Purchase       829             55.0900 ZAR
ORD          Purchase       986             54.7100 ZAR
ORD          Purchase       1,181           4.9318 GBP
ORD          Purchase       1,502           4.8878 GBP
ORD          Purchase       1,583           55.3400 ZAR
ORD          Purchase       2,000           55.2200 ZAR
ORD          Purchase       2,159           55.3100 ZAR
ORD          Purchase       2,175           54.7200 ZAR
ORD          Purchase       2,918           55.2700 ZAR
ORD          Purchase       2,929           4.8976 GBP
ORD          Purchase       3,052           55.3000 ZAR
ORD          Purchase       3,240           55.2600 ZAR
ORD          Purchase       3,263           55.2300 ZAR
ORD          Purchase       3,433           55.2000 ZAR
ORD          Purchase       4,792           55.2500 ZAR
ORD          Purchase       5,644           4.9264 GBP
ORD          Purchase       5,940           4.9031 GBP
ORD          Purchase       10,239          55.3500 ZAR
ORD          Purchase       16,671          55.1000 ZAR
ORD          Purchase       26,518          4.9082 GBP
ORD          Purchase       36,061          4.9043 GBP
ORD          Purchase       100,736         4.8937 GBP
ORD          Purchase       110,229         4.8803 GBP
ORD          Sale           200             4.9360 GBP
ORD          Sale           200             54.6700 ZAR
ORD          Sale           235             54.7400 ZAR
ORD          Sale           599             55.3100 ZAR
ORD          Sale           799             55.2100 ZAR
ORD          Sale           800             54.9700 ZAR
ORD          Sale           926             55.1500 ZAR
ORD          Sale           1,000           54.6000 ZAR
ORD          Sale           1,000           54.6400 ZAR
ORD          Sale           1,078           54.9000 ZAR
ORD          Sale           1,090           55.2700 ZAR
ORD          Sale           1,311           55.3300 ZAR
ORD          Sale           1,717           54.9300 ZAR
ORD          Sale           1,800           54.6600 ZAR
ORD          Sale           1,859           55.2900 ZAR
ORD          Sale           2,000           55.5000 ZAR
ORD          Sale           2,023           55.3400 ZAR
ORD          Sale           2,035           54.9500 ZAR
ORD          Sale           2,280           54.8100 ZAR
ORD          Sale           2,487           55.2600 ZAR
ORD          Sale           3,031           54.7800 ZAR
ORD          Sale           3,330           55.2300 ZAR
ORD          Sale           3,408           55.2400 ZAR
ORD          Sale           3,766           55.2500 ZAR
ORD          Sale           3,920           4.9040 GBP
ORD          Sale           3,980           55.2000 ZAR
ORD          Sale           4,000           54.5200 ZAR
ORD          Sale           4,559           4.9181 GBP
ORD          Sale           4,746           4.9088 GBP
ORD          Sale           4,800           54.6900 ZAR
ORD          Sale           5,349           4.8670 GBP
ORD          Sale           9,105           4.8980 GBP
ORD          Sale           10,458          54.6500 ZAR
ORD          Sale           10,800          4.8988 GBP
ORD          Sale           11,007          4.9174 GBP
ORD          Sale           13,000          54.8000 ZAR
ORD          Sale           14,190          4.9158 GBP
ORD          Sale           15,401          4.9039 GBP
ORD          Sale           15,961          4.9077 GBP
ORD          Sale           17,500          55.3500 ZAR
ORD          Sale           20,668          4.9107 GBP
ORD          Sale           27,153          55.1000 ZAR
ORD          Sale           30,461          55.3000 ZAR
ORD          Sale           57,441          4.9093 GBP
ORD          Sale           80,473          4.9175 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                   1,035          54.8971 ZAR
ORD          CFD            Long                   2,358          54.9252 ZAR
ORD          CFD            Long                   3,920          4.9040 GBP
ORD          CFD            Long                   5,349          4.8670 GBP
ORD          CFD            Long                   10,800         4.8988 GBP
ORD          CFD            Long                   34,183         54.7768 ZAR
ORD          CFD            Long                   45,695         55.2115 ZAR
ORD          CFD            Long                   50,618         55.2056 ZAR
ORD          CFD            Long                   57,441         4.9093 GBP
ORD          CFD            Short                  985            55.2268 ZAR
ORD          CFD            Short                  1,181          4.9318 GBP
ORD          CFD            Short                  6,200          55.2623 ZAR
ORD          CFD            Short                  13,622         55.1708 ZAR
ORD          CFD            Short                  26,518         4.9082 GBP
ORD          CFD            Short                  29,811         55.2163 ZAR
ORD          CFD            Short                  83,271         55.0194 ZAR
ORD          CFD            Short                  100,736        4.8937 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:          15 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.