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:                  21 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:        3,215,940     0.68%       2,300,387     0.49%
(2) Derivatives
    (other
    than options):     2,209,566     0.47%       1,456,855     0.31%
(3) Options and
    agreements to
    purchase/sell:     1,824,200     0.39%       1,254,000     0.26%

    TOTAL:             7,249,706     1.53%       5,011,242     1.06%

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       4               55.5600 ZAR
ORD          Purchase       24              56.1200 ZAR
ORD          Purchase       80              55.6000 ZAR
ORD          Purchase       84              55.6500 ZAR
ORD          Purchase       100             5.0419 GBP
ORD          Purchase       100             5.0425 GBP
ORD          Purchase       250             55.9000 ZAR
ORD          Purchase       330             55.5800 ZAR
ORD          Purchase       388             55.8100 ZAR
ORD          Purchase       429             55.5700 ZAR
ORD          Purchase       517             55.7500 ZAR
ORD          Purchase       794             56.1100 ZAR
ORD          Purchase       876             5.0465 GBP
ORD          Purchase       909             55.7900 ZAR
ORD          Purchase       1,049           55.6700 ZAR
ORD          Purchase       1,183           5.0500 GBP
ORD          Purchase       1,473           55.5900 ZAR
ORD          Purchase       1,700           55.6300 ZAR
ORD          Purchase       1,969           55.7600 ZAR
ORD          Purchase       1,999           55.6900 ZAR
ORD          Purchase       2,752           5.0385 GBP
ORD          Purchase       2,933           55.6800 ZAR
ORD          Purchase       2,961           55.7700 ZAR
ORD          Purchase       2,973           55.7000 ZAR
ORD          Purchase       3,000           55.7300 ZAR
ORD          Purchase       3,376           55.7100 ZAR
ORD          Purchase       3,905           5.0250 GBP
ORD          Purchase       4,000           55.6400 ZAR
ORD          Purchase       4,800           55.7800 ZAR
ORD          Purchase       5,129           5.0431 GBP
ORD          Purchase       7,000           5.0366 GBP
ORD          Purchase       7,000           5.0475 GBP
ORD          Purchase       8,386           55.5000 ZAR
ORD          Purchase       21,466          55.8700 ZAR
ORD          Purchase       60,241          5.0389 GBP
ORD          Sale           14              55.7700 ZAR
ORD          Sale           18              55.5100 ZAR
ORD          Sale           100             5.0419 GBP
ORD          Sale           100             5.0425 GBP
ORD          Sale           137             55.6600 ZAR
ORD          Sale           176             55.5900 ZAR
ORD          Sale           226             55.8800 ZAR
ORD          Sale           299             55.7300 ZAR
ORD          Sale           355             55.7900 ZAR
ORD          Sale           357             55.7200 ZAR
ORD          Sale           390             55.5500 ZAR
ORD          Sale           400             55.7800 ZAR
ORD          Sale           675             55.7500 ZAR
ORD          Sale           1,056           5.0450 GBP
ORD          Sale           1,100           55.6700 ZAR
ORD          Sale           1,599           5.0559 GBP
ORD          Sale           1,630           5.0369 GBP
ORD          Sale           1,937           55.6300 ZAR
ORD          Sale           2,157           5.0555 GBP
ORD          Sale           2,436           55.7100 ZAR
ORD          Sale           2,492           55.5600 ZAR
ORD          Sale           2,897           5.0564 GBP
ORD          Sale           2,996           56.1000 ZAR
ORD          Sale           3,043           55.6000 ZAR
ORD          Sale           3,620           5.0250 GBP
ORD          Sale           4,260           5.0471 GBP
ORD          Sale           4,457           5.0439 GBP
ORD          Sale           5,889           5.0339 GBP
ORD          Sale           7,000           5.0475 GBP
ORD          Sale           12,734          55.7000 ZAR
ORD          Sale           14,000          5.0367 GBP
ORD          Sale           14,706          5.0398 GBP
ORD          Sale           25,289          55.8700 ZAR
ORD          Sale           189,000         5.0500 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                   1,630          5.0369 GBP
ORD          CFD            Long                   1,909          55.8309 ZAR
ORD          CFD            Long                   4,457          5.0439 GBP
ORD          CFD            Long                   10,373         55.8866 ZAR
ORD          CFD            Long                   14,706         5.0398 GBP
ORD          CFD            Long                   47,029         55.7055 ZAR
ORD          CFD            Long                   50,335         55.8062 ZAR
ORD          CFD            Short                  425            55.7022 ZAR
ORD          CFD            Short                  6,635          55.7888 ZAR
ORD          CFD            Short                  19,123         55.6054 ZAR
ORD          CFD            Short                  20,846         55.7805 ZAR
ORD          CFD            Short                  60,241         5.0389 GBP
ORD          CFD            Short                  62,617         55.8158 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:          22 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.