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:                  18 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:        3,234,506     0.68%       2,308,005     0.49%
(2) Derivatives
    (other
    than options):     2,289,905     0.48%         149,281     0.03%
(3) Options and
    agreements to
    purchase/sell:     1,824,200     0.39%       1,254,000     0.26%

    TOTAL:             7,348,611     1.55%       3,711,286     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       1               55.4200 ZAR
ORD          Purchase       1               55.5200 ZAR
ORD          Purchase       95              55.0500 ZAR
ORD          Purchase       129             55.1000 ZAR
ORD          Purchase       266             55.1800 ZAR
ORD          Purchase       360             55.4700 ZAR
ORD          Purchase       400             55.2600 ZAR
ORD          Purchase       446             55.4100 ZAR
ORD          Purchase       569             55.5800 ZAR
ORD          Purchase       570             55.2300 ZAR
ORD          Purchase       664             55.1500 ZAR
ORD          Purchase       680             4.9740 GBP
ORD          Purchase       854             55.6000 ZAR
ORD          Purchase       910             55.0900 ZAR
ORD          Purchase       934             55.2400 ZAR
ORD          Purchase       1,092           55.4000 ZAR
ORD          Purchase       1,108           55.4400 ZAR
ORD          Purchase       1,255           55.4300 ZAR
ORD          Purchase       1,744           55.4900 ZAR
ORD          Purchase       1,745           55.3000 ZAR
ORD          Purchase       1,964           55.0300 ZAR
ORD          Purchase       2,000           54.9600 ZAR
ORD          Purchase       2,000           55.0700 ZAR
ORD          Purchase       2,000           55.1400 ZAR
ORD          Purchase       2,000           55.2000 ZAR
ORD          Purchase       2,000           55.3500 ZAR
ORD          Purchase       2,039           55.0400 ZAR
ORD          Purchase       2,060           4.9592 GBP
ORD          Purchase       2,066           55.1700 ZAR
ORD          Purchase       2,268           4.9644 GBP
ORD          Purchase       2,272           55.2500 ZAR
ORD          Purchase       2,915           4.9716 GBP
ORD          Purchase       3,000           4.9620 GBP
ORD          Purchase       3,116           55.1200 ZAR
ORD          Purchase       3,252           55.0800 ZAR
ORD          Purchase       4,237           55.1900 ZAR
ORD          Purchase       4,800           55.0000 ZAR
ORD          Purchase       5,097           55.2900 ZAR
ORD          Purchase       7,634           55.4600 ZAR
ORD          Purchase       13,742          4.9669 GBP
ORD          Purchase       14,760          55.2100 ZAR
ORD          Purchase       322,702         4.9630 GBP
ORD          Sale           1               4.9600 GBP
ORD          Sale           4               55.6500 ZAR
ORD          Sale           15              55.4800 ZAR
ORD          Sale           179             55.4000 ZAR
ORD          Sale           179             55.4100 ZAR
ORD          Sale           202             55.1500 ZAR
ORD          Sale           216             54.9900 ZAR
ORD          Sale           321             55.1900 ZAR
ORD          Sale           358             55.3900 ZAR
ORD          Sale           366             55.2000 ZAR
ORD          Sale           527             4.9629 GBP
ORD          Sale           672             55.7200 ZAR
ORD          Sale           695             55.0500 ZAR
ORD          Sale           859             4.9590 GBP
ORD          Sale           962             55.2100 ZAR
ORD          Sale           982             55.1400 ZAR
ORD          Sale           1,004           55.1600 ZAR
ORD          Sale           1,128           4.9586 GBP
ORD          Sale           1,209           55.0100 ZAR
ORD          Sale           1,389           55.1100 ZAR
ORD          Sale           1,464           55.1700 ZAR
ORD          Sale           1,500           55.0000 ZAR
ORD          Sale           1,566           4.9649 GBP
ORD          Sale           2,118           55.1800 ZAR
ORD          Sale           2,196           4.9791 GBP
ORD          Sale           2,325           54.9600 ZAR
ORD          Sale           2,746           55.0200 ZAR
ORD          Sale           2,915           4.9716 GBP
ORD          Sale           3,146           55.0300 ZAR
ORD          Sale           3,646           55.0800 ZAR
ORD          Sale           3,788           55.1300 ZAR
ORD          Sale           6,153           4.9631 GBP
ORD          Sale           7,263           55.0900 ZAR
ORD          Sale           8,646           55.0400 ZAR
ORD          Sale           8,701           55.0700 ZAR
ORD          Sale           11,028          55.1000 ZAR
ORD          Sale           11,942          55.1200 ZAR
ORD          Sale           26,137          55.5000 ZAR
ORD          Sale           32,923          4.9500 GBP
ORD          Sale           76,336          4.9870 GBP
ORD          Sale           204,170         4.9880 GBP
ORD          Sale           214,162         4.9622 GBP
ORD          Sale           315,610         4.9630 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              4.9600 GBP
ORD          CFD            Long                   672            55.6977 ZAR
ORD          CFD            Long                   4,800          55.4791 ZAR
ORD          CFD            Long                   6,153          4.9631 GBP
ORD          CFD            Long                   20,000         55.4778 ZAR
ORD          CFD            Long                   214,162        4.9622 GBP
ORD          CFD            Long                   251,620        55.2515 ZAR
ORD          CFD            Short                  2,268          4.9644 GBP
ORD          CFD            Short                  3,000          4.9620 GBP
ORD          CFD            Short                  3,252          55.1020 ZAR
ORD          CFD            Short                  13,742         4.9669 GBP
ORD          CFD            Short                  25,472         55.4880 ZAR
ORD          CFD            Short                  27,620         55.2232 ZAR
ORD          CFD            Short                  43,148         55.2712 ZAR
ORD          CFD            Short                  177,600        55.2489 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:          21 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       Purchased     550,800                            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  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.