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               31 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      13,544,294     6.55%         21,079     0.01%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and        6,414     0.00%         1,256      0.00%
agreements to
purchase/sell
Total             13,554,308     6.56%        22,335      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      4,080                3.2400 USD
Purchase      17,790               3.2400 USD
Purchase      100                  2.8100 USD
Purchase      400                  2.8200 USD
Purchase      300                  2.8300 USD
Purchase      1,952                3.2400 USD
Purchase      200                  2.8400 USD
Purchase      1,042                3.2400 USD
Purchase      1,020                3.2400 USD
Purchase      900                  3.1500 USD
Purchase      2,400                2.9437 USD
Purchase      2,100                2.9257 USD
Purchase      300                  3.0150 USD
Purchase      484                  3.2400 USD
Purchase      5,332                3.2400 USD
Purchase      200                  3.2400 USD
Purchase      94                   3.2400 USD
Purchase      9,796                3.2400 USD
Purchase      354                  2.9400 USD
Purchase      177                  2.9400 USD
Purchase      590                  2.9400 USD
Purchase      200,000              2.8800 USD
Purchase      2,500                3.1500 USD
Purchase      825                  3.2400 USD
Purchase      300                  3.0950 USD
Purchase      8,504                3.2400 USD
Purchase      500                  3.1122 USD
Purchase      2,500                2.7936 USD
Purchase      87                   3.2400 USD
Purchase      1,658                2.8318 USD
Purchase      366                  3.2400 USD
Purchase      1,696                3.2400 USD
Purchase      100                  3.0500 USD
Purchase      440                  3.2400 USD
Purchase      165                  3.2400 USD
Purchase      5,800                2.9156 USD
Purchase      200                  3.1850 USD
Purchase      5,300                2.7956 USD
Purchase      8,143                3.2400 USD
Purchase      270                  3.2400 USD
Purchase      756                  3.2400 USD
Purchase      1,600                3.1500 USD
Purchase      1,400                2.8778 USD
Sale          1,456                3.2400 USD
Sale          200,000              2.9400 USD
Sale          2,745                3.2400 USD
Sale          8,143                3.2400 USD
Sale          226                  3.2400 USD
Sale          11,091               3.2400 USD
Sale          1,974                3.2400 USD
Sale          100                  2.8800 USD
Sale          400                  2.8200 USD
Sale          17,790               3.2400 USD
Sale          1,658                2.8318 USD
Sale          500                  3.0540 USD
Sale          400                  3.1325 USD
Sale          4,300                2.9434 USD
Sale          3,400                2.9814 USD
Sale          1,200                3.0366 USD
Sale          2,995                3.0350 USD
Sale          87                   3.2400 USD
Sale          4,905                3.0389 USD
Sale          17,864               2.8949 USD
Sale          100                  2.8100 USD
Sale          100                  3.0900 USD
Sale          200                  2.8400 USD
Sale          300                  2.8300 USD
Sale          300                  2.9233 USD
Sale          5,000                3.1500 USD
Sale          4,601                3.2400 USD
Sale          1,298                2.9400 USD
Sale          200                  2.9400 USD
Sale          1,042                3.2400 USD
Sale          100                  3.0310 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)

(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                         02 January 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   -17                    5.0000           AMER           16/01/2010
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   -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   1                      20.0000          AMER          16/05/2009
Option            Purchased   -16                    25.0000          AMER          16/05/2009
Option            Purchased   1                      5.0000           AMER          17/01/2009
Option            Purchased   -17                    10.0000          AMER          21/02/2009
Option            Purchased   -18                    7.5000           AMER          21/02/2009
Option            Purchased   -21                    2.5000           AMER          17/01/2009
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   -100                   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   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   24                     15.0000          AMER          21/02/2009
Option            Purchased   -2                     5.0000           AMER          17/01/2009
Option            Purchased   22                     10.0000          AMER          21/02/2009
Option            Purchased   1,920                  17.5000          AMER          21/02/2009
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   11                     2.5000           AMER          16/01/2010
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   4                      5.0000           AMER          22/08/2009
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