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               14 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      11,310,227     5.28%        272,539     0.13%
securities
(2) Derivatives        3,600     0.00%          2,700     0.00%
(other than
options)
(3) Options and        6,754     0.00%          1,003     0.00%
agreements to
purchase/sell
Total             11,320,581     5.29%        276,242     0.13%


(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             707                    4.7071
Purchase             13,290                 4.7847
Purchase             496                    4.7500 USD
Purchase             1,400                  4.7664
Purchase             200                    4.7500
Purchase             5,700                  4.5746
Purchase             7,200                  4.7617
Purchase             1,100                  4.7727
Purchase             526                    4.7427 USD
Purchase             811                    4.7427 USD
Purchase             2,460                  4.6752
Purchase             14,210                 4.7427 USD
Purchase             476                    4.7500 USD
Purchase             504                    4.7781
Purchase             600                    4.7683
Purchase             600                    4.6267
Purchase             100                    4.7600
Purchase             1,138                  4.7500
Purchase             100                    4.7900
Purchase             300                    4.7900
Purchase             600                    4.7517
Purchase             12,100                 4.5000
Purchase             1,400                  4.6071
Purchase             1,998                  4.7850
Purchase             200                    4.7350
Purchase             600                    4.6267
Purchase             36                     4.7500
Purchase             700                    4.7886
Purchase             1,500                  4.7733
Purchase             100                    4.7810
Purchase             80                     4.7200
Purchase             236                    5.2300 USD
Purchase             12,476                 4.8454
Purchase             18,480                 4.7612
Purchase             82                     4.5900
Purchase             330                    4.7500 USD
Purchase             21,874                 4.7871
Purchase             400                    4.8425
Purchase             7,000                  4.5114
Purchase             300                    4.7567
Purchase             100                    4.7300
Purchase             1,400                  4.7886
Purchase             413                    5.2300 USD
Purchase             500                    4.7762
Purchase             3,300                  4.8285
Purchase             10,200                 4.7408
Purchase             200                    4.7550
Sale                 324                    4.7500 USD
Sale                 452                    4.7500 USD
Sale                 400                    4.7750
Sale                 100                    4.7600
Sale                 55                     4.7500 USD
Sale                 339                    4.7500 USD
Sale                 270                    4.7500 USD
Sale                 238                    4.8381
Sale                 100                    4.7600
Sale                 1,100                  4.7500
Sale                 522                    4.7500 USD
Sale                 791                    4.7500 USD
Sale                 452                    4.7500 USD
Sale                 5,500                  4.7500 USD
Sale                 2,349                  4.7500 USD
Sale                 2,349                  4.7500 USD
Sale                 1,000                  4.6779
Sale                 2,460                  4.6752
Sale                 900                    4.6633
Sale                 200                    4.6900
Sale                 500                    4.7040
Sale                 400                    4.5853
Sale                 80                     4.7200
Sale                 1,500                  4.7733
Sale                 11,000                 4.7524
Sale                 900                    4.6833
Sale                 400                    4.5700
Sale                 97                     4.8757
Sale                 12,476                 4.8454
Sale                 100                    4.8992
Sale                 300                    4.7433
Sale                 800                    4.6575
Sale                 60,044                 4.7803
Sale                 24                     4.8900
Sale                 82                     4.5900
Sale                 502                    4.6528
Sale                 4,700                  4.6000
Sale                 341                    4.7629
Sale                 600                    4.6267
Sale                 197                    4.8000
Sale                 1,100                  4.7727
Sale                 79                     4.8400
Sale                 2,100                  4.7667
Sale                 400                    4.5600
Sale                 500                    4.7760
Sale                 100                    4.7810
Sale                 469                    4.8180
Sale                 1,300                  4.6800
Sale                 3,200                  4.8041
Sale                 6,600                  4.5152
Sale                 300                    4.7467

(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                  10        AMER          16/05/2009     0.45
Call            Purchase          6                  5         AMER          16/01/2010     1.6
Call            Purchase          8                  5         AMER          21/02/2009     0.8
Call            Purchase          10                 5         AMER          16/01/2010     1.6
Call            Selling           1                  7.5       AMER          16/01/2010     1.2
Call            Selling           1                  10        AMER          16/05/2009     0.45
Call            Selling           2                  10        AMER          16/05/2009     0.4
Call            Selling           10                 5         AMER          22/08/2009     1.65
Call            Selling           16                 7.5       AMER          21/02/2009     0.25
Call            Selling           24                 10        AMER          16/05/2009     0.4
Call            Selling           27                 10        AMER          16/05/2009     0.4
Put             Purchase          1                  2.5       AMER          16/01/2010     0.6
Put             Purchase          2                  5         AMER          21/02/2009     0.95
Put             Purchase          5                  25        AMER          21/02/2009     20.25
Put             Purchase          19                 2.5       AMER          16/01/2010     0.57
Put             Selling           2                  5         AMER          16/01/2010     2.2
Put             Selling           3                  5         AMER          16/01/2010     0.55
Put             Selling           5                  2.5       AMER          21/02/2009     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                         15 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   10                     2.5000           AMER           22/08/2009
Option            Purchased   5                      25.0000          AMER           21/02/2009
Option            Purchased   5                      5.0000           AMER           16/05/2009
Option            Purchased   5                      7.5000           AMER           16/01/2010
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   7                      40.0000          AMER           21/02/2009
Option            Purchased   -20                    2.5000           AMER           16/05/2009
Option            Purchased   8                      2.5000           AMER           22/08/2009
Option            Purchased   -2                     5.0000           AMER           16/01/2010
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   11                     5.0000           AMER           16/05/2009
Option            Purchased   11                     7.5000           AMER           21/02/2009
Option            Purchased   13                     2.5000           AMER           16/01/2010
Option            Purchased   15                     2.5000           AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   8                      17.5000          AMER           21/02/2009
Option            Purchased   -9                     5.0000           AMER           21/02/2009
Option            Purchased   -16                    15.0000          AMER           16/05/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -12                    5.0000           AMER           16/01/2010
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -11                    22.5000          AMER           21/02/2009
Option            Purchased   2                      7.5000           AMER           16/01/2010
Option            Purchased   -9                     12.5000          AMER           16/05/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -3                     10.0000          AMER           17/01/2009
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   24                     2.5000           AMER           21/02/2009
Option            Purchased   -10                    40.0000          AMER           21/02/2009
Option            Purchased   -40                    7.5000           AMER           17/01/2009
Option            Purchased   22                     5.0000           AMER           22/08/2009
Option            Purchased   1,100                  25.0000          AMER           21/02/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -82                    7.5000           AMER           22/08/2009
Option            Purchased   612                    12.5000          AMER           21/02/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   566                    12.5000          AMER           21/02/2009
Option            Purchased   -37                    10.0000          AMER           22/08/2009
Option            Purchased   -30                    10.0000          AMER           21/02/2009
Option            Purchased   -26                    10.0000          AMER           16/01/2010
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -24                    7.5000           AMER           17/01/2009
Option            Purchased   -22                    2.5000           AMER           21/02/2009
Option            Purchased   -56                    10.0000          AMER           16/05/2009
Option            Purchased   73                     5.0000           AMER           21/02/2009
Option            Purchased   -21                    2.5000           AMER           17/01/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   31                     2.5000           AMER           16/01/2010
Option            Purchased   37                     35.0000          AMER           21/02/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
Option            Purchased   47                     5.0000           AMER           17/01/2009
Option            Purchased   628                    10.0000          AMER           21/02/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   90                     7.5000           AMER           16/05/2009
Option            Purchased   99                     12.5000          AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
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   51                     5.0000           AMER           17/01/2009

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