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:                  23 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:        3,428,353     0.72%       2,251,688     0.48%
(2) Derivatives
    (other
    than options):     2,238,653     0.47%         204,879     0.04%
(3) Options and
    agreements to
    purchase/sell:     1,824,200     0.39%       1,254,000     0.26%

    TOTAL:             7,491,206     1.58%       3,710,567     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       3               4.9358 GBP
ORD          Purchase       100             4.8570 GBP
ORD          Purchase       390             4.8506 GBP
ORD          Purchase       493             55.5300 ZAR
ORD          Purchase       500             55.3200 ZAR
ORD          Purchase       630             55.7100 ZAR
ORD          Purchase       720             55.1400 ZAR
ORD          Purchase       766             4.9209 GBP
ORD          Purchase       900             55.1900 ZAR
ORD          Purchase       901             4.8520 GBP
ORD          Purchase       1,000           55.2000 ZAR
ORD          Purchase       1,000           55.5500 ZAR
ORD          Purchase       1,175           55.1500 ZAR
ORD          Purchase       1,216           4.9310 GBP
ORD          Purchase       1,234           55.1200 ZAR
ORD          Purchase       1,536           55.3900 ZAR
ORD          Purchase       1,544           4.8636 GBP
ORD          Purchase       3,061           4.9228 GBP
ORD          Purchase       3,109           4.9231 GBP
ORD          Purchase       3,111           55.4000 ZAR
ORD          Purchase       3,299           54.6000 ZAR
ORD          Purchase       4,178           55.7200 ZAR
ORD          Purchase       5,277           55.7000 ZAR
ORD          Purchase       5,339           4.8510 GBP
ORD          Purchase       5,848           4.8725 GBP
ORD          Purchase       8,341           4.9508 GBP
ORD          Purchase       9,871           4.9283 GBP
ORD          Purchase       14,500          4.8982 GBP
ORD          Purchase       22,614          4.8825 GBP
ORD          Purchase       25,888          54.1000 ZAR
ORD          Purchase       28,720          4.8926 GBP
ORD          Purchase       30,076          4.9428 GBP
ORD          Purchase       91,168          4.8861 GBP
ORD          Sale           11              54.9300 ZAR
ORD          Sale           17              55.4400 ZAR
ORD          Sale           36              55.6000 ZAR
ORD          Sale           178             55.1300 ZAR
ORD          Sale           213             55.4200 ZAR
ORD          Sale           245             4.9480 GBP
ORD          Sale           287             55.2200 ZAR
ORD          Sale           297             55.1400 ZAR
ORD          Sale           349             54.7000 ZAR
ORD          Sale           427             55.6300 ZAR
ORD          Sale           480             54.7800 ZAR
ORD          Sale           589             55.0800 ZAR
ORD          Sale           710             55.5700 ZAR
ORD          Sale           779             55.8000 ZAR
ORD          Sale           783             54.8400 ZAR
ORD          Sale           788             55.7200 ZAR
ORD          Sale           905             55.2000 ZAR
ORD          Sale           979             55.1500 ZAR
ORD          Sale           1,000           55.3000 ZAR
ORD          Sale           1,015           54.7200 ZAR
ORD          Sale           1,104           55.5300 ZAR
ORD          Sale           1,133           55.6100 ZAR
ORD          Sale           1,210           55.4000 ZAR
ORD          Sale           1,376           55.5100 ZAR
ORD          Sale           1,410           55.5500 ZAR
ORD          Sale           1,600           4.8550 GBP
ORD          Sale           1,630           4.8484 GBP
ORD          Sale           1,786           55.6700 ZAR
ORD          Sale           1,959           55.6500 ZAR
ORD          Sale           2,195           55.7500 ZAR
ORD          Sale           2,258           55.5800 ZAR
ORD          Sale           2,369           55.7000 ZAR
ORD          Sale           2,451           55.6800 ZAR
ORD          Sale           2,550           55.5600 ZAR
ORD          Sale           2,551           55.0500 ZAR
ORD          Sale           2,677           4.9163 GBP
ORD          Sale           2,752           55.1000 ZAR
ORD          Sale           2,858           55.5000 ZAR
ORD          Sale           3,161           54.9000 ZAR
ORD          Sale           3,254           54.7900 ZAR
ORD          Sale           3,545           55.6400 ZAR
ORD          Sale           3,561           4.8810 GBP
ORD          Sale           4,828           55.0000 ZAR
ORD          Sale           5,339           4.8510 GBP
ORD          Sale           6,870           4.9062 GBP
ORD          Sale           11,054          54.8500 ZAR
ORD          Sale           15,563          4.8612 GBP
ORD          Sale           16,710          54.8000 ZAR
ORD          Sale           23,615          4.9044 GBP
ORD          Sale           44,880          4.9114 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                   1,600          4.8550 GBP
ORD          CFD            Long                   1,630          4.8484 GBP
ORD          CFD            Long                   1,800          55.5377 ZAR
ORD          CFD            Long                   15,563         4.8612 GBP
ORD          CFD            Long                   44,880         4.9114 GBP
ORD          CFD            Long                   46,193         55.0464 ZAR
ORD          CFD            Long                   60,169         54.9163 ZAR
ORD          CFD            Short                   3             4.9366 GBP
ORD          CFD            Short                   766           4.9210 GBP
ORD          CFD            Short                   1,216         4.9310 GBP
ORD          CFD            Short                   4,800         54.1202 ZAR
ORD          CFD            Short                   8,341         4.9508 GBP
ORD          CFD            Short                   14,500        4.8982 GBP
ORD          CFD            Short                   17,466        55.4633 ZAR
ORD          CFD            Short                   22,614        4.8825 GBP
ORD          CFD            Short                   30,076        4.9428 GBP
ORD          CFD            Short                   37,903        54.7667 ZAR
ORD          CFD            Short                   47,993        55.0692 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:          24 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.