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               06 January 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      13,022,077     6.30%        23,379       0.01%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and        6,578     0.00%         1,014       0.00%
agreements to
purchase/sell
Total             13,032,255     6.30%        24,393       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      733                  6.0916
Purchase      862                  7.0117
Purchase      1,500                6.8400
Purchase      200                  7.2100
Purchase      2,000                7.3800
Purchase      3,700                6.3500
Purchase      400                  5.6750
Purchase      1,200                6.4410
Purchase      6,300                6.9187
Purchase      4,800                6.3692
Purchase      400                  6.9148
Purchase      728                  7.2000
Purchase      4,400                6.0398
Purchase      4,200                6.3759
Purchase      100                  5.8100
Purchase      100                  5.7400
Purchase      200                  6.0200
Purchase      1,595                7.0609
Purchase      2,500                6.1776
Purchase      300                  7.0200
Purchase      300                  6.9700
Purchase      1,000                6.2800
Purchase      1,987                5.9412
Purchase      100                  7.0800
Purchase      2,200                6.7298
Purchase      80                   5.2000
Purchase      9,616                5.8608 USD
Purchase      220                  7.3100 USD
Purchase      3,094                7.3100 USD
Purchase      714                  7.3100 USD
Purchase      732                  7.3100 USD
Purchase      244                  7.3100 USD
Purchase      1,305                7.3100 USD
Purchase      94                   7.3100 USD
Purchase      216                  6.7224 USD
Purchase      2,500                7.0980 USD
Purchase      600                  6.3223
Purchase      472                  5.2000 USD
Purchase      1,600                6.7558
Purchase      26,180               5.2000
Purchase      500                  4.2300
Purchase      4,598                7.3197
Purchase      300                  7.2800
Purchase      700                  7.3100
Purchase      1,600                6.8000
Purchase      4,400                6.6518
Purchase      800                  6.0350
Purchase      2,000                6.8030
Purchase      1,800                6.0800
Purchase      8,300                7.3100 USD
Purchase      500                  7.0200
Purchase      10,150               7.1942
Purchase      500                  5.8100
Purchase      500                  6.5700
Purchase      1,140                6.3500
Purchase      380                  5.8968
Purchase      200                  6.9450
Purchase      17,220               7.0214
Purchase      5,588                6.9898
Purchase      300                  6.8500
Purchase      1,700                6.8635
Purchase      1,755                6.9247
Purchase      12,100               7.0779
Purchase      1,000                5.8800
Purchase      27                   5.8400
Purchase      60                   6.9000
Purchase      3,538                7.2145
Purchase      22,151               6.7068
Purchase      2,480                6.1634
Purchase      4,200                5.9452
Purchase      3                    6.8500
Purchase      149                  6.0800
Purchase      400                  5.8175
Purchase      33,567               6.8000
Purchase      8,499                6.0021
Sale          1,800                6.7284
Sale          11,440               5.5870 USD
Sale          2,333                5.5870 USD
Sale          5,802                5.5870 USD
Sale          4,383                5.5870 USD
Sale          100                  5.7400
Sale          6,699                5.5870 USD
Sale          10,206               5.5870 USD
Sale          3,998                5.5870 USD
Sale          80                   5.2000
Sale          100                  5.7400
Sale          3,700                6.9346
Sale          600                  6.3542
Sale          4,800                6.4903
Sale          5,498                5.5870 USD
Sale          4,101                6.0641
Sale          14,066               5.5870 USD
Sale          1,300                6.8469
Sale          13,900               6.5001
Sale          303                  6.8500
Sale          565                  7.3100 USD
Sale          1,130                7.3100 USD
Sale          452                  7.3100 USD
Sale          216                  7.3100 USD
Sale          357                  7.3100 USD
Sale          357                  7.3100 USD
Sale          714                  7.3100 USD
Sale          8,300                5.7330 USD
Sale          200                  7.2500
Sale          4,600                5.7400 USD
Sale          1,240                7.3100 USD
Sale          15,490               6.3635 USD
Sale          1,000                5.8130
Sale          6,500                7.2385
Sale          43,400               6.3045 USD
Sale          647                  6.1535 USD
Sale          221,181              6.4004 USD
Sale          32,654               7.0849
Sale          100                  5.7500
Sale          152                  5.8600
Sale          200                  5.6100
Sale          1,800                6.0844
Sale          26,015               7.0322
Sale          800                  6.3825
Sale          500                  6.3380
Sale          1,600                6.8000
Sale          33,567               6.8000
Sale          30,100               6.3045 USD
Sale          3,654                6.3156
Sale          27                   5.8400
Sale          2,500                7.2632
Sale          3,200                6.2155
Sale          4,800                6.3813
Sale          237                  7.1055
Sale          901                  6.9191
Sale          29,556               6.3584
Sale          1,000                5.8800
Sale          800                  6.2150
Sale          22,151               6.7068
Sale          5,490                7.0274
Sale          10,900               6.9829
Sale          60                   6.9000
Sale          7,620                6.3975
Sale          600                  6.6083
Sale          2,000                7.3800
Sale          1,800                6.4014
Sale          1,500                6.8400
Sale          6,300                6.9187
Sale          2,700                7.2330
Sale          10,985               6.4650
Sale          8,998                6.1386
Sale          1,600                6.9556
Sale          300                  6.1000
Sale          1,700                6.8635
Sale          5,472                7.1535
Sale          2,500                6.3544
Sale          300                  6.3367
Sale          400                  5.9800
Sale          400                  6.0900
Sale          728                  7.2200
Sale          1,700                6.1600
Sale          1,700                6.9271
Sale          4,800                6.3692

(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          1                  5         AMER          16/01/2010    3.2
Call            Purchase          1                  7.5       AMER          22/08/2009    1.9
Call            Purchase          1                  7.5       AMER          16/01/2010    1.45
Call            Purchase          1                  10        AMER          16/05/2009    0.7
Call            Purchase          2                  5         AMER          21/02/2009    2.3
Call            Purchase          2                  7.5       AMER          17/01/2009    0.65
Call            Purchase          2                  7.5       AMER          16/05/2009    0.95
Call            Purchase          2                  7.5       AMER          16/05/2009    1.1
Call            Purchase          3                  7.5       AMER          21/02/2009    0.76
Call            Purchase          5                  7.5       AMER          17/01/2009    0.68
Call            Purchase          5                  10        AMER          22/08/2009    1
Call            Purchase          6                  7.5       AMER          16/05/2009    1.4
Call            Purchase          9                  7.5       AMER          21/02/2009    0.6
Call            Purchase          9                  7.5       AMER          21/02/2009    1
Call            Purchase          10                 5         AMER          16/05/2009    2.6
Call            Purchase          10                 7.5       AMER          21/02/2009    0.75
Call            Purchase          13                 7.5       AMER          17/01/2009    0.25
Call            Purchase          16                 7.5       AMER          17/01/2009    0.5
Call            Purchase          20                 7.5       AMER          21/02/2009    0.65
Call            Purchase          20                 7.5       AMER          21/02/2009    0.67
Call            Purchase          20                 7.5       AMER          21/02/2009    1.1
Call            Purchase          20                 7.5       AMER          16/05/2009    1.45
Call            Purchase          38                 7.5       AMER          21/02/2009    1.2
Call            Purchase          48                 5         AMER          17/01/2009    1.2
Call            Purchase          48                 7.5       AMER          21/02/2009    0.7
Call            Purchase          60                 5         AMER          21/02/2009    2.7
Call            Selling           1                  7.5       AMER          17/01/2009    0.8
Call            Selling           1                  7.5       AMER          21/02/2009    0.8
Call            Selling           1                  7.5       AMER          21/02/2009    1.25
Call            Selling           1                  7.5       AMER          21/02/2009    1.3
Call            Selling           2                  7.5       AMER          21/02/2009    0.95
Call            Selling           2                  7.5       AMER          21/02/2009    1.35
Call            Selling           2                  7.5       AMER          21/02/2009    1.4
Call            Selling           2                  7.5       AMER          16/05/2009    1.95
Call            Selling           2                  10        AMER          16/05/2009    1.05
Call            Selling           3                  10        AMER          17/01/2009    0.15
Call            Selling           4                  10        AMER          21/02/2009    0.45
Call            Selling           4                  12.5      AMER          16/05/2009    0.5
Call            Selling           5                  5         AMER          16/05/2009    2.25
Call            Selling           6                  7.5       AMER          16/05/2009    2
Call            Selling           6                  10        AMER          16/01/2010    1.25
Call            Selling           9                  10        AMER          21/02/2009    0.5
Call            Selling           12                 7.5       AMER          21/02/2009    0.9
Call            Selling           13                 2.5       AMER          16/05/2009    4.1
Call            Selling           16                 10        AMER          16/05/2009    0.5
Call            Selling           20                 5         AMER          21/02/2009    1.85
Put             Purchase          3                  7.5       AMER          17/01/2009    1
Put             Purchase          4                  7.5       AMER          21/02/2009    2.1
Put             Purchase          8                  2.5       AMER          22/08/2009    0.35
Put             Purchase          9                  2.5       AMER          21/02/2009    0.1
Put             Purchase          10                 7.5       AMER          16/05/2009    2.3
Put             Purchase          20                 5         AMER          21/02/2009    0.6
Put             Purchase          20                 15        AMER          16/05/2009    8
Put             Purchase          27                 5         AMER          17/01/2009    0.3
Put             Purchase          37                 5         AMER          17/01/2009    0.15
Put             Purchase          101                5         AMER          21/02/2009    0.7
Put             Selling           2                  5         AMER          17/01/2009    0.2
Put             Selling           2                  5         AMER          21/02/2009    0.65
Put             Selling           2                  5         AMER          16/05/2009    1.2
Put             Selling           5                  7.5       AMER          17/01/2009    1.05
Put             Selling           25                 7.5       AMER          17/01/2009    1.2

(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                         07 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   -3                     10.0000          AMER           17/01/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -9                     12.5000          AMER           16/05/2009
Option            Purchased   -14                    15.0000          AMER           16/05/2009
Option            Purchased   -6                     10.0000          AMER           16/01/2010
Option            Purchased   -15                    7.5000           AMER           21/02/2009
Option            Purchased   -3                     2.5000           AMER           17/01/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   1                      7.5000           AMER           22/08/2009
Option            Purchased   4                      7.5000           AMER           21/02/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -26                    5.0000           AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -109                   10.0000          AMER           22/08/2009
Option            Purchased   -72                    7.5000           AMER           17/01/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -31                    10.0000          AMER           16/05/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -27                    7.5000           AMER           17/01/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -22                    2.5000           AMER           21/02/2009
Option            Purchased   -21                    2.5000           AMER           17/01/2009
Option            Purchased   -20                    2.5000           AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -15                    5.0000           AMER           16/01/2010
Option            Purchased   -30                    10.0000          AMER           21/02/2009
Option            Purchased   436                    7.5000           AMER           21/02/2009
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   42                     5.0000           AMER           21/02/2009
Option            Purchased   48                     5.0000           AMER           17/01/2009
Option            Purchased   63                     5.0000           AMER           17/01/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   5                      5.0000           AMER           16/05/2009
Option            Purchased   144                    20.0000          AMER           21/02/2009
Option            Purchased   24                     7.5000           AMER           16/05/2009
Option            Purchased   448                    15.0000          AMER           21/02/2009
Option            Purchased   566                    12.5000          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   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   35                     5.0000           AMER           22/08/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   8                      2.5000           AMER           22/08/2009
Option            Purchased   10                     2.5000           AMER           22/08/2009
Option            Purchased   10                     5.0000           AMER           16/01/2010
Option            Purchased   30                     2.5000           AMER           21/02/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   15                     2.5000           AMER           16/05/2009
Option            Purchased   20                     7.5000           AMER           16/01/2010
Option            Purchased   20                     7.5000           AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   5                      7.5000           AMER           16/01/2010
Option            Purchased   11                     2.5000           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