Rule 8.3 - AMERICAN CAP LTD

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              AMERICAN CAP LTD
Class of relevant security    COM USD0.01
to which the dealings being
disclosed relate (Note 2)
Date of dealing               19 February 2009


2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant      10,348,360     4.83%        321,476     0.15%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and        6,280     0.00%          1,598     0.00%
agreements to
purchase/sell
Total             10,357,040     4.84%        323,074     0.15%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale    Number of Securities   Price per unit
                                            (GBP)
Purchase         6,700                  1.6299
Purchase         2,000                  1.7518
Purchase         61                     1.5500
Purchase         60                     1.5500
Purchase         8,294                  1.7482
Purchase         759                    1.6900
Purchase         2,800                  1.5889
Purchase         4,587                  1.6900
Purchase         1                      1.5600
Purchase         311                    1.5318
Purchase         3,800                  1.6847
Purchase         7,192                  1.5500 USD
Purchase         350,689                1.5500 USD
Purchase         281,902                1.5500 USD
Purchase         522                    1.5500 USD
Sale             2,000                  1.8020
Sale             350,689                1.5500 USD
Sale             61                     1.5500
Sale             311                    1.5318
Sale             281,902                1.5500 USD
Sale             59                     1.6900
Sale             700                    1.6900
Sale             26,784                 1.5500 USD
Sale             4,587                  1.6900
Sale             7,192                  1.5500 USD
Sale             8,294                  1.7482
Sale             6,359                  1.6780
Sale             23,232                 1.6842
Sale             6,241                  1.6824
Sale             3,100                  1.6835
Sale             3,800                  1.6847
Sale             3,048                  1.7400 USD
Sale             371,667                1.7100 USD
Sale             744                    1.5500 USD
Sale             71,793                 1.5931
Sale             37,850                 1.5699
Sale             113,357                1.5873
Sale             605                    1.5500 USD
Sale             113                    1.5500 USD
Sale             238                    1.5500 USD
Sale             2,800                  1.5889


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)



(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,  Writing,      Number of          Exercise  Type, e.g.     Expiry      Option money
e.g. cal       selling,      securities to      price     American,      date        paid/received
option         purchasing,   which the option             European etc.              per unit (GBP)
               varying etc.  relates (GBP)
Call           Purchase      1                  2.5       AMER           23/03/2009  0.275
Call           Purchase      1                  5         AMER           21/02/2009  0.016
Call           Purchase      1                  5         AMER           16/05/2009  0.15
Call           Purchase      3                  2.5       AMER           23/03/2009  0.275
Call           Sale          1                  2.5       AMER           23/03/2009  0.275
Call           Sale          1                  2.5       AMER           22/08/2009  0.6
Call           Sale          1                  2.5       AMER           16/01/2010  0.75
Call           Sale          1                  5         AMER           21/02/2009  0.016
Call           Sale          1                  5         AMER           21/02/2009  0.05
Call           Sale          1                  5         AMER           16/05/2009  0.2
Call           Sale          3                  2.5       AMER           23/03/2009  0.275
Call           Sale          3                  2.5       AMER           22/08/2009  0.6
Call           Sale          5                  2.5       AMER           22/08/2009  0.6
Call           Sale          5                  5         AMER           16/05/2009  0.2
Call           Sale          10                 2.5       AMER           22/08/2009  0.6
Call           Sale          10                 5         AMER           16/05/2009  0.2
Call           Sale          10                 5         AMER           16/05/2009  0.25
Call           Sale          18                 5         AMER           16/05/2009  0.25
Call           Sale          42                 2.5       AMER           23/03/2009  0.35
Call           Sale          43                 5         AMER           16/05/2009  0.25
Put            Purchase      1                  5         AMER           22/08/2009  3.6
Put            Purchase      4                  5         AMER           16/05/2009  3.5
Put            Purchase      12                 2.5       AMER           22/08/2009  1.35
Put            Sale          1                  5         AMER           21/02/2009  3.6
Put            Sale          5                  2.5       AMER           22/08/2009  1.5
Put            Sale          12                 2.5       AMER           22/08/2009  1.35


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)



(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 YES


Date of disclosure                         20 February 2009
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


SUPPLEMENTAL FORM 8

DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)


Product name,     Written or  Number of securities   Exercise price   Type, e.g.     Expiry date
e.g. call option  purchased   to which the option    (Note 2)         American,
                              or derivative relates                   European etc.
Option            Purchased   -22                    5.0000           AMER           21/02/2009
Option            Purchased   -3                     7.5000           AMER           21/02/2009
Option            Purchased   -4                     2.5000           AMER           21/02/2009
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   -5                     7.5000           AMER           16/01/2010
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -8                     7.5000           AMER           21/03/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -10                    25.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -16                    15.0000          AMER           16/05/2009
Option            Purchased   -306                   5.0000           AMER           21/03/2009
Option            Purchased   -59                    2.5000           AMER           16/05/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -137                   5.0000           AMER           16/05/2009
Option            Purchased   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -80                    5.0000           AMER           16/01/2010
Option            Purchased   -18                    2.5000           AMER           21/02/2009
Option            Purchased   -62                    2.5000           AMER           16/01/2010
Option            Purchased   -19                    2.5000           AMER           22/08/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -38                    10.0000          AMER           16/01/2010
Option            Purchased   -34                    10.0000          AMER           22/08/2009
Option            Purchased   -31                    10.0000          AMER           21/02/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -1                     5.0000           AMER           16/01/2010
Option            Purchased   -67                    2.5000           AMER           21/03/2009
Option            Purchased   227                    5.0000           AMER           21/02/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
Option            Purchased   64                     7.5000           AMER           16/05/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   34                     7.5000           AMER           22/08/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   144                    20.0000          AMER           21/02/2009
Option            Purchased   436                    7.5000           AMER           21/02/2009
Option            Purchased   448                    15.0000          AMER           21/02/2009
Option            Purchased   612                    12.5000          AMER           21/02/2009
Option            Purchased   628                    10.0000          AMER           21/02/2009
Option            Purchased   1,100                  25.0000          AMER           21/02/2009
Option            Purchased   119                    2.5000           AMER           22/08/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   2                      5.0000           AMER           22/08/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   35                     10.0000          AMER           16/01/2010
Option            Purchased   8                      5.0000           AMER           22/08/2009
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   14                     2.5000           AMER           16/01/2010
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   22                     7.5000           AMER           16/01/2010
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.
Full details of any  existing agreements to purchase or to sell  should also be given on this form.

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover
Panel's website at www.thetakeoverpanel.org.uk