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               02 March 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       9,124,123     4.46%        162,034     0.08%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and          451     0.00%            939     0.00%
agreements to
purchase/sell
Total              9,126,974     4.46%         162,973    0.08%


(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         1,800                  1.1722
Purchase         2,900                  1.1801
Purchase         200                    1.1700
Purchase         2,000                  1.1000
Purchase         220                    1.1900 USD
Purchase         1,000                  1.1214
Purchase         236                    1.3500 USD
Purchase         1,700                  1.1746
Purchase         440                    1.1900 USD
Purchase         100                    1.2090
Purchase         596                    1.1186
Purchase         95                     1.1900
Purchase         200                    1.0800
Purchase         1,200                  1.2008
Purchase         966                    1.1227
Purchase         61,500                 1.2425 USD
Purchase         20,000                 1.1218
Purchase         4,300                  1.2100
Purchase         956                    1.2700
Purchase         3,800                  1.1874
Sale             100                    1.2090
Sale             3,700                  1.1343
Sale             596                    1.1186
Sale             956                    1.2700
Sale             2,800                  1.1826
Sale             2,700                  1.1001
Sale             100                    1.1100
Sale             3,800                  1.1874
Sale             4,300                  1.2100
Sale             14,500                 1.1282
Sale             1,000                  1.1214
Sale             966                    1.1227
Sale             200                    1.1700
Sale             119                    1.1900 USD
Sale             1,800                  1.1722
Sale             1,200                  1.2008
Sale             2,800                  1.1096
Sale             9,844                  1.3339 USD
Sale             110                    1.1900 USD
Sale             3,799                  1.3505 USD
Sale             4,240                  1.3339 USD
Sale             6,400                  1.3339 USD
Sale             8,062                  1.3339 USD
Sale             2,000                  1.3339 USD
Sale             9,056                  1.3505 USD
Sale             1,710                  1.3339 USD
Sale             19,325                 1.3339 USD
Sale             22,922                 1.3339 USD
Sale             26,872                 1.3339 USD
Sale             32,707                 1.3339 USD
Sale             72,009                 1.3339 USD
Sale             101,661                1.3505 USD
Sale             8,157                  1.3339 USD
Sale             472                    1.3500 USD
Sale             119                    1.1900 USD
Sale             163,176                1.3505 USD
Sale             162                    1.1900 USD
Sale             226                    1.1900 USD
Sale             226                    1.1900 USD
Sale             3,351                  1.3339 USD
Sale             270                    1.1900 USD
Sale             21,100                 1.3339 USD
Sale             496                    1.1900 USD
Sale             648                    1.1900 USD
Sale             783                    1.1900 USD
Sale             789                    1.3505 USD
Sale             908                    1.3505 USD
Sale             1,412                  1.3505 USD
Sale             238                    1.1900 USD


(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      16                 5         AMER           16/01/2010  0.21
Call           Selling       16                 2.5       AMER           16/01/2010  0.41


(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                         03 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   -187                   30.0000          AMER           21/02/2009
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   27                     15.0000          AMER           16/05/2009
Option            Purchased   34                     7.5000           AMER           22/08/2009
Option            Purchased   35                     10.0000          AMER           16/01/2010
Option            Purchased   62                     7.5000           AMER           16/05/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   -286                   5.0000           AMER           21/03/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -71                    5.0000           AMER           16/01/2010
Option            Purchased   -56                    20.0000          AMER           21/02/2009
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   -23                    2.5000           AMER           21/02/2009
Option            Purchased   -23                    2.5000           AMER           21/03/2009
Option            Purchased   -21                    5.0000           AMER           21/02/2009
Option            Purchased   -16                    15.0000          AMER           16/05/2009
Option            Purchased   119                    2.5000           AMER           22/08/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -142                   5.0000           AMER           16/05/2009
Option            Purchased   -86                    2.5000           AMER           21/03/2009
Option            Purchased   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -59                    2.5000           AMER           16/05/2009
Option            Purchased   -52                    5.0000           AMER           16/01/2010
Option            Purchased   -39                    2.5000           AMER           16/01/2010
Option            Purchased   -38                    10.0000          AMER           16/01/2010
Option            Purchased   -34                    10.0000          AMER           22/08/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -20                    15.0000          AMER           16/05/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   8                      5.0000           AMER           22/08/2009
Option            Purchased   -8                     7.5000           AMER           21/03/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -5                     7.5000           AMER           16/01/2010
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   1                      2.5000           AMER           18/04/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   2                      5.0000           AMER           22/08/2009
Option            Purchased   -15                    7.5000           AMER           16/01/2010
Option            Purchased   -19                    2.5000           AMER           22/08/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   14                     5.0000           AMER           16/05/2009
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   20                     10.0000          AMER           16/01/2010
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   32                     7.5000           AMER           22/08/2009
Option            Purchased   36                     2.5000           AMER           22/08/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
Option            Purchased   10                     7.5000           AMER           21/02/2009
Option            Purchased   57                     2.5000           AMER           16/01/2010
Option            Purchased   10                     5.0000           AMER           22/08/2009
Option            Purchased   76                     7.5000           AMER           16/05/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   162                    5.0000           AMER           21/02/2009
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   53                     5.0000           AMER           16/05/2009
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   -14                    10.0000          AMER           16/01/2010
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -10                    2.5000           AMER           16/05/2009
Option            Purchased   -10                    25.0000          AMER           21/02/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -8                     7.5000           AMER           21/03/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   -5                     2.5000           AMER           16/01/2010
Option            Purchased   -15                    5.0000           AMER           21/03/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -2                     5.0000           AMER           16/01/2010
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   1                      5.0000           AMER           22/08/2009
Option            Purchased   6                      7.5000           AMER           16/01/2010
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   10                     2.5000           AMER           22/08/2009
Option            Purchased   -7                     2.5000           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