Form 8.3 - INVESTEC

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:                  20 April 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

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:

                            Interests             Short positions
                          Number      %          Number       %
(1) Relevant
    securities
    wned and/or
    controlled:        4,595,884   0.98         225,616     0.05
(2) Derivatives
    (other
    than options):       443,607   0.09         323,814     0.07
(3) Options and
    agreements to
    purchase/sell:

    TOTAL:             5,039,491   1.07         549,430     0.12


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
Ordinary     Purchase           778             5.3045
Ordinary     Purchase           778              5.3050
Ordinary     Purchase           1,119           5.3594
Ordinary     Purchase           3,864           5.2809
Ordinary     Purchase           4,896           5.3600
Ordinary     Purchase           4,896           5.3600
Ordinary     Purchase           6,502           5.3205
Ordinary     Purchase           7,046           5.3100
Ordinary     Purchase           10,185          5.3105
Ordinary     Purchase           20,850          5.3124
Ordinary     Purchase           22,570          5.3400
Ordinary     Purchase           127,973         5.3453
Ordinary     Sale               470             5.2800
Ordinary     Sale               778             5.3050
Ordinary     Sale               2,524           5.3347
Ordinary     Sale               4,896           5.3600
Ordinary     Sale               4,896           5.3600
Ordinary     Sale               6,273           5.2955
Ordinary     Sale               7,936           5.3428
Ordinary     Sale               9,102           5.2822
Ordinary     Sale               12,759          5.3201
Ordinary     Sale               25,900          5.3222
Ordinary     Sale               47,900          5.3476


(b)  Derivatives transactions (other than options)

Class of       Product        Nature of         Number of     Price
relevant       description    dealing           reference     per unit
security       e.g. CFD       e.g. opening/     securities
                              closing a long/
                              short position,
                              increasing/
                              reducing
                              a long/short
                              position
Ordinary       CFD            Long              2,400         61.127 ZAR
Ordinary       CFD            Long              9,102         5.2821
Ordinary       CFD            Long              13,488        60.9925 ZAR
Ordinary       CFD            Long              20,875        60.7592 ZAR
Ordinary       CFD            Long              26,174        60.5813 ZAR
Ordinary       CFD            Long              124,425       60.9262 ZAR
Ordinary       CFD            Short             2,383         60.0572 ZAR
Ordinary       CFD            Short             3,864         5.2809
Ordinary       CFD            Short             6,219         60.869 ZAR
Ordinary       CFD            Short             7,046         5.31
Ordinary       CFD            Short             8,408         60.2836 ZAR
Ordinary       CFD            Short             9,164         60.808 ZAR
Ordinary       CFD            Short             127,973       5.3453
Ordinary       CFD            Short             161,188       60.9085 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                                  of      Price      e.g.    date  Money
 security description  purchasing               per unit                    paid/
                 e.g.           ,  securities             American         receiv
                 call    selling,    to which                    ,             ed
               option     varying      option                                 per
                             etc.     relates             European           unit
                                                              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?      NO


Date of disclosure:          21 April 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.