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               29 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      13,791,804     6.67%        110,465     0.05%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and        6,407     0.00%          1,121     0.00%
agreements to
purchase/sell
Total             13,801,811     6.68%        111,586     0.05%


(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          3.0900 USD
Purchase      1,100        2.8954 USD
Purchase      700          2.8985 USD
Purchase      388          3.0188 USD
Purchase      1,724        2.9260 USD
Purchase      900          2.8890 USD
Purchase      500          2.8890 USD
Purchase      300          2.9233 USD
Purchase      400          2.9775 USD
Purchase      74,018       2.9495 USD
Purchase      1,300        2.9000 USD
Purchase      100          3.0500 USD
Purchase      2,700        2.9062 USD
Purchase      1,300        2.8953 USD
Purchase      94           2.8800 USD
Purchase      200,000      3.0900 USD
Purchase      18,906       2.8800 USD
Purchase      2,400        2.9000 USD
Purchase      14,338       2.8800 USD
Purchase      5,940        2.8800 USD
Purchase      24           3.0500 USD
Purchase      65           3.0200 USD
Purchase      200          3.0200 USD
Purchase      8,576        3.0103 USD
Purchase      700          2.9914 USD
Purchase      100,284      3.09
Purchase      1,800        2.9644 USD
Purchase      715          2.8800 USD
Purchase      4,000        3.0100 USD
Purchase      800          3.0600 USD
Purchase      60           2.9000 USD
Purchase      108          2.8800 USD
Purchase      200          2.8925 USD
Purchase      100          2.8910 USD
Purchase      100          3.0575 USD
Purchase      900          2.8966 USD
Purchase      1,500        2.8826 USD
Purchase      1,700        2.8815 USD
Purchase      1,800        2.9644 USD
Purchase      2,400        3.0560 USD
Purchase      800          2.8100 USD
Purchase      1,190        2.8800 USD
Purchase      119          2.8800 USD
Purchase      1,200        2.8975 USD
Purchase      47           2.8800 USD
Purchase      100          2.8910 USD
Purchase      600          2.9001 USD
Purchase      47           2.8800 USD
Sale          9            3.0700 USD
Sale          100          3.0500 USD
Sale          476          3.0276 USD
Sale          165          2.8800 USD
Sale          339          2.8800 USD
Sale          2,034        2.8800 USD
Sale          108          2.8800 USD
Sale          14,177       2.9184 USD
Sale          270          2.8800 USD
Sale          16,074       2.9032 USD
Sale          18,906       2.8800 USD
Sale          238          2.8800 USD
Sale          86,785       3.0900 USD
Sale          100          2.8910 USD
Sale          1,100        2.8955 USD
Sale          8,300        2.8785 USD
Sale          1,000        3.0150 USD
Sale          23,130       2.9288 USD
Sale          1,425        2.9061 USD
Sale          300          2.8900 USD
Sale          100          2.9000 USD
Sale          4,000        3.0100 USD
Sale          1,500        2.8980 USD
Sale          1,000        2.8800 USD
Sale          3,600        2.8926 USD
Sale          31,568       2.9475 USD
Sale          5,000        2.8900 USD
Sale          13,795       2.9911 USD
Sale          50           3.0500 USD
Sale          1,800        2.9644 USD
Sale          200          2.8925 USD
Sale          1,800        2.9644 USD
Sale          900          2.8890 USD
Sale          100          3.0500 USD
Sale          3,300        3.0570 USD
Sale          600          2.8800 USD
Sale          8,600        3.0104 USD
Sale          388          3.0180 USD
Sale          100          3.0100 USD
Sale          65           3.0200 USD
Sale          200          3.0050 USD
Sale          800          3.0600 USD


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          200           2.9775


(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)


(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                         30 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   -14                    10.0000          AMER           16/05/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -3                     2.5000           AMER           17/01/2009
Option            Purchased   -5                     12.5000          AMER           16/05/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -8                     7.5000           AMER           17/01/2009
Option            Purchased   -9                     2.5000           AMER           17/01/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   1                      5.0000           AMER           17/01/2009
Option            Purchased   -14                    15.0000          AMER           16/05/2009
Option            Purchased   2                      5.0000           AMER           22/08/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -17                    10.0000          AMER           21/02/2009
Option            Purchased   -18                    7.5000           AMER           21/02/2009
Option            Purchased   -22                    2.5000           AMER           21/02/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -29                    5.0000           AMER           21/02/2009
Option            Purchased   -30                    7.5000           AMER           21/02/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -60                    7.5000           AMER           22/08/2009
Option            Purchased   -116                   5.0000           AMER           16/05/2009
Option            Purchased   -185                   5.0000           AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   22                     10.0000          AMER           21/02/2009
Option            Purchased   1,100                  25.0000          AMER           21/02/2009
Option            Purchased   628                    10.0000          AMER           21/02/2009
Option            Purchased   612                    12.5000          AMER           21/02/2009
Option            Purchased   566                    12.5000          AMER           21/02/2009
Option            Purchased   448                    15.0000          AMER           21/02/2009
Option            Purchased   436                    7.5000           AMER           21/02/2009
Option            Purchased   144                    20.0000          AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   92                     20.0000          AMER           21/02/2009
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   21                     2.5000           AMER           21/02/2009
Option            Purchased   16                     5.0000           AMER           17/01/2009
Option            Purchased   15                     2.5000           AMER           16/05/2009
Option            Purchased   14                     2.5000           AMER           16/05/2009
Option            Purchased   13                     5.0000           AMER           16/05/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   10                     7.5000           AMER           16/05/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   7                      15.0000          AMER           16/05/2009
Option            Purchased   5                      7.5000           AMER           16/05/2009
Option            Purchased   24                     15.0000          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