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               07 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      12,703,665     6.14%         84,354     0.04%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and       6,672     0.00%            941     0.00%
agreements to
purchase/sell
Total             12,713,937     6.15%         85,295     0.04%


(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                 22,402                 6.1613
Purchase                 36,069                 6.1435
Purchase                 244                    6.24
Purchase                 2,500                  6.3
Purchase                 800                    6.2994
Purchase                 6,100                  6.3431
Purchase                 200                    6.375
Purchase                 500                    6.254
Purchase                 600                    6.1492
Purchase                 600                    6.2
Purchase                 110                    6.24
Purchase                 7,500                  6.3357
Purchase                 2,000                  6.2985
Purchase                 100                    6.22
Purchase                 1,300                  6.2746
Purchase                 54                     6.24
Purchase                 618                    6.241
Purchase                 6,300                  6.24
Purchase                 2,400                  6.24
Purchase                 6,300                  6.2
Purchase                 120,210                7.31
Purchase                 20                     6.87
Purchase                 48                     6.24
Purchase                 1,500                  6.2527
Purchase                 200                    6.24
Purchase                 600                    6.309
Purchase                 1,125                  6.53
Purchase                 400                    6.2425
Purchase                 100                    6.27
Purchase                 44,557                 6.1632
Purchase                 200                    6.4
Purchase                 3,508                  6.3341
Purchase                 3,169                  6.2633
Purchase                 100                    6.3
Purchase                 800                    6.2606
Purchase                 300                    6.2465
Purchase                 6,509                  6.4472
Purchase                 765                    6.5
Purchase                 2,100                  6.2974
Purchase                 400                    6.1655
Purchase                 11,500                 6.2836
Purchase                 11,500                 6.2913
Purchase                 3,691                  6.279
Purchase                 200                    6.16
Purchase                 82                     6.36
Purchase                 600                    6.2133
Purchase                 270                    6.2652
Purchase                 8,250                  6.1293
Purchase                 400                    6.3275
Purchase                 11,500                 6.2914
Purchase                 4,536                  6.24
Purchase                 4,400                  6.2717
Purchase                 2,200                  6.0614
Purchase                 11,500                 6.2836
Purchase                 558                    7.313
Purchase                 700                    6.1821
Purchase                 10,800                 6.3926
Purchase                 9                      6.28
Purchase                 7,500                  6.2656
Purchase                 600                    6.3243
Purchase                 134                    6.34
Purchase                 56                     6.53
Purchase                 600                    6.3243
Purchase                 1,087                  6.3392
Sale                     1,854                  6.2495
Sale                     3,853                  6.2495
Sale                     11,500                 6.2836
Sale                     12,624                 6.2669
Sale                     267,709                6.299
Sale                     6,303                  6.2495
Sale                     13,116                 6.2495
Sale                     110                    6.24
Sale                     140                    6.2669
Sale                     357                    6.24
Sale                     226                    6.24
Sale                     565                    6.24
Sale                     791                    6.24
Sale                     2,500                  6.5
Sale                     165                    6.24
Sale                     21,600                 6.6736
Sale                     11,500                 6.2913
Sale                     22,400                 6.6744
Sale                     200                    6.16
Sale                     3,000                  6.2697
Sale                     3,508                  6.3341
Sale                     134                    6.34
Sale                     950                    6.1479
Sale                     6,509                  6.4472
Sale                     600                    6.309
Sale                     6,600                  6.5104
Sale                     200                    6.191
Sale                     8,300                  6.2418
Sale                     1,900                  6.0508
Sale                     1,400                  6.2404
Sale                     56                     6.53
Sale                     6,100                  6.3431
Sale                     6,896                  6.2641
Sale                     200                    6.29
Sale                     82                     6.36
Sale                     6,300                  6.2
Sale                     120,210                7.31
Sale                     400                    6.2325
Sale                     300                    6.2333
Sale                     1,500                  6.2527
Sale                     600                    6.26
Sale                     2,500                  6.3
Sale                     7,500                  6.3357
Sale                     600                    6.3243
Sale                     1,125                  6.5491
Sale                     120,210                7.31
Sale                     100                    6.21
Sale                     800                    6.2994
Sale                     800                    6.2338
Sale                     6,300                  6.5464
Sale                     1,200                  6.29


(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          3                  7.5       AMER            21/02/2009  0.7
Call            Purchase          5                  7.5       AMER            21/02/2009  0.76
Call            Purchase          20                 7.5       AMER            16/05/2009  1.4
Call            Purchase          40                 7.5       AMER            16/05/2009  1.3
Call            Purchase          42                 7.5       AMER            17/01/2009  0.3
Call            Selling           1                  7.5       AMER            16/05/2009  1.4
Call            Selling           1                  7.5       AMER            16/05/2009  1.55
Call            Selling           2                  10        AMER            22/08/2009  1
Call            Selling           3                  5         AMER            21/02/2009  2.5
Put             Purchase          1                  5         AMER            21/02/2009  0.65
Put             Purchase          1                  5         AMER            21/02/2009  0.68
Put             Purchase          2                  5         AMER            21/02/2009  0.7
Put             Purchase          5                  7.5       AMER            17/01/2009  1.45
Put             Purchase          11                 5         AMER            21/02/2009  0.75
Put             Purchase          50                 7.5       AMER            16/05/2009  2.45
Put             Selling           1                  2.5       AMER            21/02/2009  0.23
Put             Selling           2                  7.5       AMER            17/01/2009  1.65
Put             Selling           5                  5         AMER            17/01/2009  0.25
Put             Selling           9                  5         AMER            17/01/2009  0.3


(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                         08 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                     2.5000           AMER           17/01/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   -11                    5.0000           AMER           21/02/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -9                     12.5000          AMER           16/05/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -3                     10.0000          AMER           17/01/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
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   5                      5.0000           AMER           16/05/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -6                     10.0000          AMER           16/01/2010
Option            Purchased   -24                    7.5000           AMER           17/01/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -111                   10.0000          AMER           22/08/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -31                    10.0000          AMER           16/05/2009
Option            Purchased   -30                    10.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
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   -14                    15.0000          AMER           16/05/2009
Option            Purchased   -30                    7.5000           AMER           17/01/2009
Option            Purchased   566                    12.5000          AMER           21/02/2009
Option            Purchased   5                      7.5000           AMER           16/01/2010
Option            Purchased   48                     5.0000           AMER           17/01/2009
Option            Purchased   49                     5.0000           AMER           17/01/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   82                     7.5000           AMER           16/05/2009
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   35                     5.0000           AMER           22/08/2009
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   99                     12.5000          AMER           21/02/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   8                      2.5000           AMER           22/08/2009
Option            Purchased   8                      7.5000           AMER           21/02/2009
Option            Purchased   10                     2.5000           AMER           22/08/2009
Option            Purchased   10                     5.0000           AMER           16/01/2010
Option            Purchased   39                     5.0000           AMER           21/02/2009
Option            Purchased   11                     30.0000          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   20                     7.5000           AMER           16/01/2010
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   29                     2.5000           AMER           21/02/2009
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