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               25 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       9,247,354     4.32%        903,136     0.42%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and          463     0.00%            964     0.00%
agreements to
purchase/sell
Total              9,250,217     4.32%        904,100     0.42%


(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         165                    1.2100
Purchase         786                    1.2935
Purchase         1                      1.2700
Purchase         300                    1.2900
Purchase         400                    1.2975
Purchase         2,700                  1.2263
Purchase         6,100                  1.2398
Purchase         27,200                 1.2226
Purchase         4,195                  1.2100
Purchase         600                    1.2300
Purchase         25,100                 1.2178
Purchase         500                    1.2600
Purchase         9,000                  1.3000
Purchase         600                    1.2201
Purchase         3,300                  1.2297
Purchase         200                    1.2350
Purchase         4,004                  1.2578
Purchase         35                     1.2100
Purchase         773                    1.2829
Purchase         83                     1.2100
Purchase         100                    1.2100
Purchase         650                    1.2100
Purchase         25                     1.2100
Purchase         108,444                1.2354
Purchase         650                    1.2100
Purchase         7,130                  1.2148
Purchase         3,000                  1.2773
Purchase         3,000                  1.2100
Purchase         714                    1.4800 USD
Purchase         1,396                  1.4800 USD
Purchase         3,900                  1.2300
Purchase         7,800                  1.2329
Purchase         400                    1.2300
Purchase         1,500                  1.2107
Sale             1,044                  1.2100 USD
Sale             25,100                 1.2178
Sale             162                    1.2100 USD
Sale             226                    1.2100 USD
Sale             165                    1.2100
Sale             238                    1.2100 USD
Sale             339                    1.2100 USD
Sale             476                    1.4800 USD
Sale             1,396                  1.4800 USD
Sale             9,454                  1.2542
Sale             26,100                 1.2157
Sale             1,245                  1.2100 USD
Sale             7,130                  1.2148
Sale             1,600                  1.2431
Sale             2,100                  1.2400
Sale             3,768                  1.2100 USD
Sale             7,351                  1.2100 USD
Sale             53,277                 1.2326
Sale             400                    1.2500
Sale             15,513                 1.2652
Sale             498                    1.4800 USD
Sale             1,600                  1.2100
Sale             200                    1.2800
Sale             194,900                1.2373
Sale             69,435                 1.2263
Sale             76,912                 1.2323
Sale             170,600                1.2100
Sale             773                    1.2829
Sale             400                    1.2050
Sale             400                    1.2300
Sale             396,423                1.3000 USD
Sale             400                    1.2400
Sale             9,300                  1.2293
Sale             9,000                  1.3000
Sale             400                    1.2100
Sale             2,195                  1.2101
Sale             5,700                  1.2358
Sale             3,000                  1.2200
Sale             2,700                  1.2263
Sale             400                    1.2975
Sale             600                    1.2300
Sale             2,800                  1.2771
Sale             3,500                  1.2400
Sale             27,200                 1.2226
Sale             650                    1.2100

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per


(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           Selling       1                  2.5       AMER          21/03/2009   0.1
Call           Selling       7                  2.5       AMER          18/04/2009   0.2
Put            Purchase      10                 2.5       AMER          16/01/2010   1.6

(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                         26 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   -34                    10.0000          AMER           22/08/2009
Option            Purchased   -7                     2.5000           AMER           18/04/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -8                     7.5000           AMER           21/03/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -19                    2.5000           AMER           22/08/2009
Option            Purchased   -286                   5.0000           AMER           21/03/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -38                    10.0000          AMER           16/01/2010
Option            Purchased   -52                    2.5000           AMER           16/01/2010
Option            Purchased   -59                    2.5000           AMER           16/05/2009
Option            Purchased   -68                    5.0000           AMER           16/01/2010
Option            Purchased   -76                    2.5000           AMER           21/03/2009
Option            Purchased   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -140                   5.0000           AMER           16/05/2009
Option            Purchased   -20                    15.0000          AMER           16/05/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   62                     7.5000           AMER           16/05/2009
Option            Purchased   35                     10.0000          AMER           16/01/2010
Option            Purchased   34                     7.5000           AMER           22/08/2009
Option            Purchased   27                     2.5000           AMER           16/01/2010
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   22                     7.5000           AMER           16/01/2010
Option            Purchased   -5                     7.5000           AMER           16/01/2010
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   8                      5.0000           AMER           22/08/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   2                      5.0000           AMER           22/08/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   -1                     5.0000           AMER           16/01/2010
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   119                    2.5000           AMER           22/08/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009

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