Rule 8.3 - AMERICAN CAP LTD

FORM 8.3

    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               09 December 2008

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      13,801,794     6.68%        23,684      0.01%
securities
(2) Derivatives        4,200     0.00%
(other than
options)
(3) Options and        6,558     0.00%         1,387      0.00%
agreements to
purchase/sell
Total             13,812,552     6.68%        25,071      0.01%

(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      108                  3.3700 USD
Purchase      17,187               3.6045 USD
Purchase      30,021               3.6045 USD
Purchase      5,445                3.6045 USD
Purchase      20,500               3.3700 USD
Purchase      824                  3.5583 USD
Purchase      81,818               3.5746 USD
Purchase      510                  3.3700 USD
Purchase      1,530                3.3700 USD
Purchase      135                  3.3700 USD
Purchase      127                  3.3700 USD
Purchase      595                  3.3700 USD
Purchase      27,457               3.6045 USD
Purchase      54                   3.3700 USD
Purchase      3,670                3.5285 USD
Purchase      378                  3.3700 USD
Purchase      1,017                3.3700 USD
Purchase      1,921                3.3700 USD
Purchase      339                  3.3700 USD
Purchase      1,760                3.3700 USD
Purchase      200                  3.5600
Purchase      794                  3.3788
Purchase      100                  3.3600
Purchase      1,282                3.5989
Purchase      1,200                3.5308
Purchase      100                  3.4000
Purchase      3,570                3.3700 USD
Purchase      3,700                3.3684
Purchase      2,900                3.3700
Purchase      300                  3.3933
Purchase      1,300                3.3508
Purchase      100                  3.6500
Purchase      6,500                3.5838
Purchase      1,135                3.3400
Purchase      1,465                3.3686
Purchase      300                  3.3300
Purchase      24,576               3.6045 USD
Purchase      300                  3.3767
Purchase      2,254                3.6045 USD
Purchase      355                  3.3718
Purchase      30,341               3.6045 USD
Purchase      33,254               3.6045 USD
Purchase      34,683               3.6045 USD
Purchase      21,812               3.6045 USD
Purchase      58,031               3.6045 USD
Purchase      10,462               3.6045 USD
Purchase      9,430                3.6045 USD
Purchase      13,390               3.6045 USD
Sale          181                  3.6213
Sale          794                  3.3788
Sale          100                  3.3700
Sale          100                  3.6310
Sale          100                  3.5390
Sale          3,700                3.3684
Sale          357                  3.3700 USD
Sale          500                  3.3300
Sale          2,300                3.6226
Sale          300                  3.3400
Sale          33,409               3.5212 USD
Sale          45,651               3.5313 USD
Sale          47                   3.3700 USD
Sale          1,282                3.5989
Sale          5,855                3.5671
Sale          275                  3.3700 USD

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)


(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. call       selling,          securities to      price     American,       date        paid/received
option          purchasing,       which the option             European etc.               per unit (GBP)
                varying etc.      relates (GBP)
Call            Purchase          5                  5         AMER            21/12/2008  0.05
Call            Purchase          8                  5         AMER            21/02/2008  0.5
Call            Purchase          10                 5         AMER            21/12/2008  0.05
Call            Selling           1                  17.5      AMER            16/05/2009  0.15
Call            Selling           18                 5         AMER            21/02/2008  0.6
Put             Purchase          1                  5         AMER            16/05/2009  2.25
Put             Purchase          1                  20        AMER            16/05/2009  16.2
Put             Purchase          8                  5         AMER            16/05/2009  2.2
Put             Selling           6                  12.5      AMER            21/02/2009  9.4

(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                         10 December 2008
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   -8                     7.5000           AMER           16/05/2009
Option            Purchased   -11                    10.0000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           16/05/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -8                     7.5000           AMER           17/01/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -7                     2.5000           AMER           17/01/2009
Option            Purchased   -6                     7.5000           AMER           20/12/2008
Option            Purchased   -5                     12.5000          AMER           16/05/2009
Option            Purchased   -4                     17.5000          AMER           20/12/2008
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -10                    5.0000           AMER           21/02/2009
Option            Purchased   -28                    7.5000           AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -187                   5.0000           AMER           21/02/2009
Option            Purchased   -142                   10.0000          AMER           20/12/2008
Option            Purchased   -106                   5.0000           AMER           16/05/2009
Option            Purchased   -90                    2.5000           AMER           20/12/2008
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -29                    7.5000           AMER           20/12/2008
Option            Purchased   -13                    10.0000          AMER           16/05/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -23                    5.0000           AMER           20/12/2008
Option            Purchased   -20                    12.5000          AMER           20/12/2008
Option            Purchased   -18                    7.5000           AMER           21/02/2009
Option            Purchased   -17                    10.0000          AMER           20/12/2008
Option            Purchased   1                      15.0000          AMER           20/12/2008
Option            Purchased   -53                    5.0000           AMER           20/12/2008
Option            Purchased   566                    12.5000          AMER           21/02/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   57                     22.5000          AMER           21/02/2009
Option            Purchased   92                     20.0000          AMER           21/02/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   126                    25.0000          AMER           21/02/2009
Option            Purchased   12                     2.5000           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   119                    25.0000          AMER           21/02/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   1                      5.0000           AMER           17/01/2009
Option            Purchased   2                      17.5000          AMER           20/12/2008
Option            Purchased   5                      12.5000          AMER           20/12/2008
Option            Purchased   5                      2.5000           AMER           16/05/2009
Option            Purchased   7                      15.0000          AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   22                     10.0000          AMER           21/02/2009
Option            Purchased   9                      5.0000           AMER           16/05/2009
Option            Purchased   9                      5.0000           AMER           17/01/2009
Option            Purchased   10                     7.5000           AMER           16/05/2009
Option            Purchased   11                     2.5000           AMER           16/05/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   7                      30.0000          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