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               27 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       9,585,188     4.48%         62,190     0.03%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and          467     0.00%            956     0.00%
agreements to
purchase/sell
Total              9,588,055     4.48%         63,146     0.03%


(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         100                    1.2800
Purchase         1                      1.2100
Purchase         100                    1.2400
Purchase         155                    1.2762
Purchase         200                    1.2500
Purchase         900                    1.2800
Purchase         330                    1.3500 USD
Purchase         175                    1.2762
Purchase         100                    1.3500
Purchase         3,000                  1.2567
Purchase         827                    1.3500 USD
Purchase         412                    1.2648
Purchase         93,022                 1.2805
Purchase         92                     1.2830
Purchase         2,797                  1.3500 USD
Purchase         11,135                 1.3500 USD
Purchase         9,411                  1.2587 USD
Purchase         9,325                  1.2587 USD
Purchase         200                    1.2295
Purchase         200                    1.2500
Purchase         92                     1.2830 USD
Purchase         2,719                  1.2300
Purchase         900                    1.2800
Purchase         900                    1.2600
Purchase         327,834                1.3500
Purchase         600                    1.3500
Purchase         100                    1.1700
Purchase         500                    1.2000
Purchase         600                    1.3500
Purchase         686                    1.1731
Purchase         932,331                1.3500
Purchase         100                    1.2190
Sale             1,180                  1.3800 USD
Sale             7,239                  1.2226 USD
Sale             7,069                  1.2177 USD
Sale             6,318                  1.3600 USD
Sale             108                    1.3500 USD
Sale             2,527                  1.2426 USD
Sale             2,156                  1.3600 USD
Sale             1,723                  1.3500 USD
Sale             1,509                  1.3500 USD
Sale             126                    1.3500 USD
Sale             1,396                  1.2322 USD
Sale             1,245                  1.3500 USD
Sale             200                    1.2800
Sale             983                    1.3500 USD
Sale             827                    1.3500 USD
Sale             260                    1.3500 USD
Sale             216                    1.3500 USD
Sale             263                    1.3500 USD
Sale             164                    1.3500 USD
Sale             791                    1.3500 USD
Sale             275                    1.3500 USD
Sale             617                    1.3500 USD
Sale             493                    1.3500 USD
Sale             378                    1.3500 USD
Sale             330                    1.3500 USD
Sale             1,356                  1.3500 USD
Sale             83                     1.3500
Sale             1,100                  1.2708
Sale             100                    1.2190
Sale             200                    1.2500
Sale             1,372                  1.3500
Sale             1,200                  1.3500
Sale             200                    1.2500
Sale             155                    1.2762
Sale             100                    1.2400
Sale             3,000                  1.2567
Sale             900                    1.2800
Sale             2                      1.2300
Sale             2,717                  1.2300
Sale             2,200                  1.2800
Sale             175                    1.2762
Sale             9,616                  1.3600 USD
Sale             900                    1.2800
Sale             29,033                 1.2809
Sale             41,289                 1.2798
Sale             2,100                  1.2716
Sale             19,400                 1.2814
Sale             54                     1.3500 USD
Sale             88,518                 1.3600 USD
Sale             48,505                 1.3600 USD
Sale             22,051                 1.2487 USD
Sale             21,717                 1.3500 USD
Sale             15,420                 1.3600 USD
Sale             15,320                 1.3500 USD
Sale             10,877                 1.3600 USD
Sale             100                    1.2000

(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           Purchase      3                  2.5       AMER          16/01/2010   0.4
Call           Purchase      3                  2.5       AMER          16/01/2010   0.525
Call           Selling       3                  2.5       AMER          16/01/2010   0.525

(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                         02 March 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   -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   -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   -1                     17.5000          AMER           16/05/2009
Option            Purchased   -38                    10.0000          AMER           16/01/2010
Option            Purchased   -39                    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   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -86                    2.5000           AMER           21/03/2009
Option            Purchased   -142                   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   30                     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   -4                     12.5000          AMER           16/05/2009
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   -2                     17.5000          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                      2.5000           AMER           18/04/2009
Option            Purchased   -1                     5.0000           AMER           16/01/2010
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