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               04 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       5,246,484     2.56%         48,349     0.02%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and          491     0.00%            920     0.00%
agreements to
purchase/sell
Total              5,249,375     2.56%         49,269     0.02%


(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         6,800                  0.7350
Purchase         2,200                  0.7253
Purchase         7,900                  0.7215
Purchase         107,200                0.7500
Purchase         1,600                  0.7502
Purchase         2,543                  .7530 USD
Purchase         2,000                  0.7401
Purchase         2,543                  .7530 USD
Purchase         213,626                0.7109
Purchase         9,792                  .7413 USD
Purchase         23,194                 1.0024 USD
Purchase         37,000                 0.7335
Purchase         1,800                  0.7656
Sale             300                    0.7350
Sale             200                    0.7325
Sale             300                    0.7322
Sale             600                    0.7323
Sale             600                    0.7322
Sale             100                    0.7324
Sale             100                    0.7324
Sale             100                    0.7324
Sale             600                    0.7323
Sale             200                    0.7350
Sale             200                    0.7350
Sale             200                    0.7350
Sale             200                    0.7351
Sale             200                    0.7351
Sale             200                    0.7352
Sale             100                    0.7379
Sale             700                    0.7379
Sale             1,700                  0.7379
Sale             100                    0.7379
Sale             100                    0.7325
Sale             8,992                  0.7238
Sale             32,179                 .7500 USD
Sale             5,300                  .7500 USD
Sale             2,543                  .7530 USD
Sale             476                    .8104 USD
Sale             452                    .7500 USD
Sale             393                    .7500 USD
Sale             347                    .7500 USD
Sale             226                    .7500 USD
Sale             226                    .7500 USD
Sale             220                    .7500 USD
Sale             1,800                  0.7656
Sale             110                    .7500 USD
Sale             1,600                  0.7502
Sale             1,000                  0.7202
Sale             44,500                 0.7314
Sale             155,900                0.7041
Sale             1,634                  0.7205
Sale             300                    0.7301
Sale             1,300                  0.7227
Sale             39,000                 0.7338
Sale             124,092                .7500 USD
Sale             2,200                  0.7253
Sale             7,900                  0.7215
Sale             110                    .7500 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)

(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                         05 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