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               09 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      11,723,942     5.67%         23,762     0.01%
securities
(2) Derivatives        3,600     0.00%          2,700     0.00%
(other than
options)
(3) Options and        6,775     0.00%            871     0.00%
agreements to
purchase/sell
Total             11,734,317     5.68%         27,333     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                 600                    5.8683
Purchase                 100                    5.8810
Purchase                 880                    5.8100 USD
Purchase                 1,800                  5.8771 USD
Purchase                 300                    5.9200
Purchase                 1,100                  5.8355
Purchase                 900                    5.8583
Purchase                 2,429                  5.8100 USD
Purchase                 1,000                  5.8500
Purchase                 100                    5.8800
Purchase                 400                    5.8925
Purchase                 2,349                  5.8100 USD
Purchase                 146                    5.8100
Purchase                 3,253                  5.8100 USD
Purchase                 300                    5.8567
Purchase                 55                     5.8100 USD
Purchase                 100                    5.9200
Purchase                 100                    5.9200
Purchase                 300                    5.9200
Purchase                 200                    5.9100
Purchase                 350                    5.8500
Purchase                 47,001                 5.8432
Purchase                 400                    5.9050
Purchase                 6,400                  6.0144
Purchase                 3,422                  6.0226
Purchase                 1,600                  5.8313
Purchase                 1,200                  6.2400
Purchase                 110                    5.8100 USD
Purchase                 55                     5.8100 USD
Purchase                 1,200                  5.9233
Purchase                 9,830                  6.1747
Purchase                 1,100                  5.8155
Purchase                 100                    5.8800
Sale                     9,520                  Transfer
Sale                     452                    5.8100 USD
Sale                     9,691                  6.1831 USD
Sale                     10,435                 5.8797 USD
Sale                     18,651                 6.1831 USD
Sale                     108                    5.8100 USD
Sale                     23,869                 6.1831 USD
Sale                     6,146                  5.9154 USD
Sale                     30,381                 5.8892 USD
Sale                     4,282                  6.1831 USD
Sale                     3,330                  5.8797 USD
Sale                     200                    5.9100 USD
Sale                     270                    5.8100 USD
Sale                     496                    5.8100 USD
Sale                     3,003                  5.9154 USD
Sale                     540                    5.8100 USD
Sale                     2,394                  5.9153 USD
Sale                     2,384                  5.8100 USD
Sale                     43,511                 6.1831 USD
Sale                     2,200                  5.8773 USD
Sale                     2,034                  5.8100 USD
Sale                     1,488                  5.8100 USD
Sale                     678                    5.8100 USD
Sale                     752                    5.9154 USD
Sale                     226                    5.8100 USD
Sale                     3,422                  6.0226
Sale                     5,700                  5.8500
Sale                     200                    5.8850
Sale                     100                    5.8200
Sale                     3,517                  5.8420
Sale                     1,000                  5.8500
Sale                     1,000                  5.9180
Sale                     100                    5.8500
Sale                     100                    5.8100
Sale                     350                    5.8500
Sale                     300                    5.8100
Sale                     1,700                  5.8365
Sale                     1,600                  5.8332
Sale                     14,301                 5.8499
Sale                     1,000                  5.8500
Sale                     393                    5.8151
Sale                     1,200                  5.8100
Sale                     60,491                 6.1831 USD
Sale                     65,670                 6.1831 USD
Sale                     66,797                 6.1831 USD
Sale                     72,847                 6.1831 USD
Sale                     91,266                 6.1831 USD
Sale                     127,322                6.1831 USD
Sale                     1,500                  5.8540
Sale                     146                    5.8100
Sale                     1,700                  6.1159
Sale                     530                    5.8138
Sale                     100                    5.8300
Sale                     15,900                 5.8412
Sale                     9,830                  6.1747
Sale                     500                    5.8500
Sale                     52,824                 6.1831 USD
Sale                     1,360                  5.8107


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2700          5.8733


(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          5                  7.5       AMER            21/02/2009  0.5
Call            Purchase          5                  7.5       AMER            22/08/2009  1.5
Call            Purchase          5                  10        AMER            22/08/2009  0.975
Call            Purchase          10                 10        AMER            22/08/2009  0.9
Call            Purchase          64                 10        AMER            22/08/2009  0.9
Call            Selling           5                  10        AMER            22/08/2009  0.975
Call            Selling           10                 7.5       AMER            16/01/2010  1.8
Put             Purchase          2                  5         AMER            17/01/2009  0.2
Put             Purchase          12                 5         AMER            17/01/2009  0.15
Put             Selling           12                 5         AMER            17/01/2009  0.15


(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                         12 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   -252                   17.5000          AMER           21/02/2009
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   3                      7.5000           AMER           16/01/2010
Option            Purchased   5                      5.0000           AMER           16/05/2009
Option            Purchased   5                      7.5000           AMER           16/01/2010
Option            Purchased   -6                     10.0000          AMER           16/01/2010
Option            Purchased   -23                    10.0000          AMER           16/05/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -40                    7.5000           AMER           17/01/2009
Option            Purchased   -37                    10.0000          AMER           22/08/2009
Option            Purchased   -30                    10.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -24                    7.5000           AMER           17/01/2009
Option            Purchased   8                      17.5000          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                    15.0000          AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -15                    5.0000           AMER           16/01/2010
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   144                    20.0000          AMER           21/02/2009
Option            Purchased   47                     7.5000           AMER           21/02/2009
Option            Purchased   51                     5.0000           AMER           17/01/2009
Option            Purchased   63                     5.0000           AMER           21/02/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   91                     7.5000           AMER           16/05/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   436                    7.5000           AMER           21/02/2009
Option            Purchased   448                    15.0000          AMER           21/02/2009
Option            Purchased   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   99                     12.5000          AMER           21/02/2009
Option            Purchased   15                     2.5000           AMER           16/05/2009
Option            Purchased   1,920                  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   10                     7.5000           AMER           22/08/2009
Option            Purchased   11                     2.5000           AMER           16/01/2010
Option            Purchased   47                     5.0000           AMER           17/01/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   38                     7.5000           AMER           21/02/2009
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   35                     5.0000           AMER           22/08/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   11                     30.0000          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