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               03 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       5,684,512     2.78%        357,775     0.17%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and          491     0.00%            920     0.00%
agreements to
purchase/sell
Total              5,687,403     2.78%        358,695     0.18%


(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         56,229                 0.7500
Purchase         476                    .7500 USD
Purchase         9,244                  1.1900
Purchase         600                    0.8700
Purchase         2,200                  0.9953
Purchase         500                    1.0020
Purchase         200                    0.9714
Purchase         2,300                  0.9950
Purchase         3,600                  1.0200
Purchase         2,100                  0.9900
Purchase         700                    0.9871
Purchase         1,700                  0.8535
Purchase         100                    1.0300
Purchase         3,650                  1.0144
Purchase         100                    0.9900
Purchase         400                    0.9715
Purchase         1,400                  0.8876
Purchase         1,935                  0.9737
Purchase         500                    0.9820
Sale             2,500                  .7525 USD
Sale             697                    .7525 USD
Sale             791                    .7500 USD
Sale             841                    .7525 USD
Sale             385                    .7500 USD
Sale             2,500                  .7525 USD
Sale             270                    .7500 USD
Sale             3,223                  .7525 USD
Sale             3,426                  .7525 USD
Sale             6,600                  .7525 USD
Sale             7,968                  .7500 USD
Sale             9,338                  .7525 USD
Sale             2,486                  .7500 USD
Sale             378                    .7500 USD
Sale             378                    .7500 USD
Sale             339                    .7500 USD
Sale             270                    .7500 USD
Sale             110                    .7500 USD
Sale             10,392                 .7525 USD
Sale             14,769                 .7525 USD
Sale             600                    0.8800
Sale             1,700                  0.8682
Sale             700                    0.9871
Sale             2,200                  0.9953
Sale             200                    1.0300
Sale             300                    0.9500
Sale             2,300                  0.9950
Sale             339                    .7500 USD
Sale             7,025                  0.7500
Sale             2,030,938              .7525 USD
Sale             9,244                  0.7500
Sale             107,200                0.7500
Sale             56,229                 0.7500
Sale             100                    1.0000
Sale             281                    0.9961
Sale             11,543                 .7525 USD
Sale             1,935                  0.9737
Sale             162,301                .7525 USD
Sale             200                    0.9714
Sale             3,650                  1.0144
Sale             5,700                  1.0089
Sale             100                    0.9900
Sale             100                    1.0300
Sale             1,800                  0.9681
Sale             100                    0.9914
Sale             41,207                 .7525 USD
Sale             10,937                 .7525 USD
Sale             11,039                 .7525 USD
Sale             11,176                 .7525 USD
Sale             300                    1.0100
Sale             11,787                 .7525 USD
Sale             200                    0.9899
Sale             414,634                .7525 USD
Sale             32,347                 .7525 USD
Sale             233,090                .7525 USD
Sale             43,530                 .7525 USD
Sale             47,005                 .7525 USD
Sale             54,220                 .7525 USD
Sale             61,500                 1.1430 USD
Sale             116,546                .7525 USD
Sale             123,964                .7525 USD
Sale             10,467                 .7525 USD
Sale             24,891                 .7525 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      2                  2.5       AMER         22/08/2009    0.325
Call           Purchase      10                 2.5       AMER         22/08/2009    0.15
Call           Purchase      30                 2.5       AMER         22/08/2009    0.05
Call           Selling       2                  2.5       AMER         22/08/2009    0.325

(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                         04 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   -286                   5.0000           AMER           21/03/2009
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   -2                     17.5000          AMER           16/05/2009
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   -52                    5.0000           AMER           16/01/2010
Option            Purchased   -59                    2.5000           AMER           16/05/2009
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   16                     2.5000           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   31                     2.5000           AMER           18/04/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   119                    2.5000           AMER           22/08/2009
Option            Purchased   14                     2.5000           AMER           16/01/2010
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   10                     2.5000           AMER           22/08/2009
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   22                     7.5000           AMER           16/01/2010

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