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:                  15 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:        3,128,090     0.66%        2,138,746    0.45%
(2) Derivatives
    (other
    than options):     1,466,800     0.31%        1,112,089    0.24%
(3) Options and
    agreements to
    purchase/sell:     2,285,500     0.48%        1,514,000    0.32%

    TOTAL:             6,880,390     1.46%        4,764,835    1.01%

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       29              55.0300 ZAR
ORD          Purchase       167             55.7900 ZAR
ORD          Purchase       179             55.2700 ZAR
ORD          Purchase       179             55.7100 ZAR
ORD          Purchase       179             55.8700 ZAR
ORD          Purchase       180             55.5500 ZAR
ORD          Purchase       180             55.5900 ZAR
ORD          Purchase       180             55.6500 ZAR
ORD          Purchase       200             54.7500 ZAR
ORD          Purchase       204             55.8300 ZAR
ORD          Purchase       211             55.2000 ZAR
ORD          Purchase       212             55.6200 ZAR
ORD          Purchase       317             55.3200 ZAR
ORD          Purchase       325             55.3700 ZAR
ORD          Purchase       325             55.3800 ZAR
ORD          Purchase       326             55.3100 ZAR
ORD          Purchase       492             55.8500 ZAR
ORD          Purchase       570             55.6700 ZAR
ORD          Purchase       577             4.8960 GBP
ORD          Purchase       601             55.3900 ZAR
ORD          Purchase       608             55.2900 ZAR
ORD          Purchase       637             4.8948 GBP
ORD          Purchase       690             55.4500 ZAR
ORD          Purchase       724             55.7800 ZAR
ORD          Purchase       733             55.2500 ZAR
ORD          Purchase       756             55.2600 ZAR
ORD          Purchase       765             55.2200 ZAR
ORD          Purchase       806             55.2400 ZAR
ORD          Purchase       817             55.2100 ZAR
ORD          Purchase       872             55.1400 ZAR
ORD          Purchase       905             55.6100 ZAR
ORD          Purchase       1,000           55.6900 ZAR
ORD          Purchase       1,012           55.8400 ZAR
ORD          Purchase       1,033           55.4300 ZAR
ORD          Purchase       1,516           55.4000 ZAR
ORD          Purchase       2,004           4.8865 GBP
ORD          Purchase       2,423           4.9335 GBP
ORD          Purchase       2,519           55.6000 ZAR
ORD          Purchase       3,608           55.7000 ZAR
ORD          Purchase       3,777           55.3300 ZAR
ORD          Purchase       6,048           4.9093 GBP
ORD          Purchase       8,691           4.9309 GBP
ORD          Purchase       13,035          55.8000 ZAR
ORD          Purchase       17,970          4.9220 GBP
ORD          Purchase       21,944          4.9159 GBP
ORD          Purchase       26,986          4.9236 GBP
ORD          Purchase       31,178          4.9223 GBP
ORD          Purchase       62,110          4.9229 GBP
ORD          Purchase       227,564         4.9222 GBP
ORD          Sale           4               4.9340 GBP
ORD          Sale           86              4.9151 GBP
ORD          Sale           180             55.5900 ZAR
ORD          Sale           200             55.1200 ZAR
ORD          Sale           200             55.3000 ZAR
ORD          Sale           229             55.6000 ZAR
ORD          Sale           300             55.0900 ZAR
ORD          Sale           300             55.2400 ZAR
ORD          Sale           309             55.6300 ZAR
ORD          Sale           309             55.6600 ZAR
ORD          Sale           325             55.3800 ZAR
ORD          Sale           463             55.2900 ZAR
ORD          Sale           463             55.3700 ZAR
ORD          Sale           501             4.9260 GBP
ORD          Sale           591             55.5700 ZAR
ORD          Sale           601             55.3900 ZAR
ORD          Sale           635             TRANSFER
ORD          Sale           635             55.8400 ZAR
ORD          Sale           661             4.9247 GBP
ORD          Sale           675             55.3500 ZAR
ORD          Sale           720             55.7700 ZAR
ORD          Sale           800             55.2700 ZAR
ORD          Sale           815             4.9430 GBP
ORD          Sale           859             4.9350 GBP
ORD          Sale           926             55.2000 ZAR
ORD          Sale           1,035           4.9269 GBP
ORD          Sale           1,073           55.2600 ZAR
ORD          Sale           1,157           55.4400 ZAR
ORD          Sale           1,250           4.9220 GBP
ORD          Sale           1,266           4.9206 GBP
ORD          Sale           1,477           4.8760 GBP
ORD          Sale           1,853           55.7900 ZAR
ORD          Sale           1,865           4.9284 GBP
ORD          Sale           2,094           55.4600 ZAR
ORD          Sale           2,444           4.9213 GBP
ORD          Sale           2,500           55.9700 ZAR
ORD          Sale           2,709           55.6200 ZAR
ORD          Sale           4,500           55.9600 ZAR
ORD          Sale           4,518           4.9346 GBP
ORD          Sale           5,000           55.9300 ZAR
ORD          Sale           5,920           4.9256 GBP
ORD          Sale           6,400           55.7400 ZAR
ORD          Sale           6,810           55.7000 ZAR
ORD          Sale           7,058           4.9291 GBP
ORD          Sale           8,122           55.7500 ZAR
ORD          Sale           9,105           4.9210 GBP
ORD          Sale           9,105           4.9230 GBP
ORD          Sale           12,297          4.9132 GBP
ORD          Sale           13,599          55.8500 ZAR
ORD          Sale           16,657          55.6900 ZAR
ORD          Sale           20,006          4.9083 GBP
ORD          Sale           21,749          55.4000 ZAR
ORD          Sale           22,846          4.9237 GBP
ORD          Sale           28,533          55.8000 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                   800            55.2478 ZAR
ORD          CFD            Long                   815            4.9430 GBP
ORD          CFD            Long                   1,477          4.8760 GBP
ORD          CFD            Long                   20,006         4.9083 GBP
ORD          CFD            Long                   20,282         55.7267 ZAR
ORD          CFD            Long                   29,709         55.6041 ZAR
ORD          CFD            Long                   30,200         55.7745 ZAR
ORD          CFD            Long                   177,358        55.7360 ZAR
ORD          CFD            Short                  637            4.8948 GBP
ORD          CFD            Short                  800            55.8183 ZAR
ORD          CFD            Short                  7,353          55.7907 ZAR
ORD          CFD            Short                  21,556         55.5387 ZAR
ORD          CFD            Short                  21,944         4.9159 GBP
ORD          CFD            Short                  62,110         4.9229 GBP
ORD          CFD            Short                  227,564        4.9222 GBP
ORD          CFD            Short                  228,640        55.7256 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:          16 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.