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               30 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      13,544,247     6.55%        114,936     0.06%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and        6,419     0.00%          1,232     0.00%
agreements to
purchase/sell
Total             13,554,266     6.56%        116,168     0.06%


(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      413                  2.8800 USD
Purchase      700                  2.9143
Purchase      100                  2.8200
Purchase      3,645                2.8205
Purchase      14,000               2.8390
Purchase      300                  2.8430
Purchase      3,500                2.8600
Purchase      300                  2.9400
Purchase      14,000               2.8390
Purchase      200                  2.8200
Purchase      100                  2.8490
Purchase      4,000                2.8400
Purchase      236                  2.8800 USD
Purchase      100                  2.8200
Purchase      5,964                2.8291 USD
Purchase      47                   2.9400 USD
Purchase      242                  2.9400 USD
Purchase      122                  2.9400 USD
Purchase      108                  2.9400 USD
Purchase      339                  2.9400 USD
Purchase      113                  2.9400 USD
Purchase      550                  2.9400 USD
Purchase      220                  2.9400 USD
Purchase      9,520                Transfer
Purchase      17,000               2.9400
Purchase      2,856                2.8066
Purchase      2,000                2.8170
Purchase      6                    2.8200
Purchase      1,765                2.8232
Purchase      4,000                2.7955
Purchase      1,500                2.8600
Purchase      5,745                2.8064
Purchase      2,000                2.8010
Purchase      17,000               2.9400
Purchase      4,600                2.8517
Purchase      5,255                2.8070
Sale          714                  2.9400 USD
Sale          500                  2.8200
Sale          200,000              2.8800 USD
Sale          1,694                2.9400 USD
Sale          300                  2.9400
Sale          1,500                2.8200
Sale          1,765                2.8232
Sale          3,400                2.8391
Sale          4,700                2.8510
Sale          17,000               2.9400
Sale          245                  2.8282
Sale          2,904                2.9400 USD
Sale          18,700               2.9400
Sale          300                  2.8167
Sale          14,000               2.8390
Sale          300                  2.8133
Sale          1,400                2.8200
Sale          2,856                2.8066
Sale          56,487               3.0500 USD
Sale          4,000                2.8400
Sale          100                  2.8490
Sale          17,000               2.9400
Sale          5,000                2.8600
Sale          238                  2.8100
Sale          700                  2.9143
Sale          200                  2.8400
Sale          14,000               2.8390
Sale          100                  2.8490


(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          2                  5         AMER            22/08/2009  0.46
Call            Purchase          8                  5         AMER            16/05/2009  0.25
Call            Purchase          10                 2.5       AMER            22/08/2009  1.1
Call            Purchase          10                 5         AMER            16/05/2009  0.25
Call            Purchase          11                 5         AMER            16/05/2009  0.25
Call            Selling           -9                 5         AMER            16/01/2010  0.8
Call            Selling           11                 5         AMER            16/01/2010  0.8
Call            Selling           60                 10        AMER            22/08/2009  0.2


(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                         31 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   -17                    10.0000          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   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -14                    15.0000          AMER           16/05/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   4                      5.0000           AMER           22/08/2009
Option            Purchased   -18                    7.5000           AMER           21/02/2009
Option            Purchased   -20                    5.0000           AMER           16/01/2010
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   -87                    5.0000           AMER           16/05/2009
Option            Purchased   -120                   10.0000          AMER           22/08/2009
Option            Purchased   -185                   5.0000           AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -14                    10.0000          AMER           16/05/2009
Option            Purchased   21                     2.5000           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   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   566                    12.5000          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   24                     15.0000          AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   22                     10.0000          AMER           21/02/2009
Option            Purchased   1                      5.0000           AMER           17/01/2009
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   10                     2.5000           AMER           22/08/2009
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   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   22                     20.0000          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