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               15 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      11,288,137     5.27%        175,219     0.08%
securities
(2) Derivatives        3,600     0.00%
(other than
options)
(3) Options and        6,720     0.00%          1,027     0.00%
agreements to
purchase/sell
Total             11,298,457     5.28%        176,246     0.08%


(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         24                     4.4600
Purchase         71                     4.1500
Purchase         200                    4.1600
Purchase         600                    4.5817
Purchase         4,400                  4.3700
Purchase         13,207                 4.3925
Purchase         2,000                  4.3745
Purchase         100                    4.1400
Purchase         2,900                  4.1814
Purchase         6,100                  4.4254
Purchase         100                    4.3290
Purchase         200                    4.5000
Purchase         8,158                  4.4600 USD
Purchase         2,424                  4.4600 USD
Purchase         2,200                  4.4401 USD
Purchase         600                    4.4300 USD
Purchase         472                    4.7500 USD
Purchase         236                    4.7500 USD
Purchase         59                     4.7500 USD
Purchase         600                    4.5500
Purchase         5,891                  4.3950
Purchase         600                    4.5817
Purchase         1,600                  4.4612
Purchase         1,571                  4.3304
Purchase         1,500                  4.4310
Purchase         500                    4.2240
Purchase         7,640                  4.3726
Purchase         1,600                  4.3800
Sale             279                    4.4897
Sale             1,300                  4.3800
Sale             1,400                  4.4600
Sale             26,180                 4.7500
Sale             4,200                  4.3814
Sale             100                    4.1300
Sale             2,051                  4.4600 USD
Sale             1,044                  4.4600 USD
Sale             807                    4.4600 USD
Sale             783                    4.4600 USD
Sale             622                    4.3374
Sale             476                    4.4600 USD
Sale             1,500                  4.4700
Sale             339                    4.4600 USD
Sale             324                    4.4600 USD
Sale             1,233                  4.3990
Sale             122                    4.4600 USD
Sale             853                    4.4600 USD
Sale             55                     4.4600 USD
Sale             1,628                  4.2993
Sale             500                    4.2440
Sale             1,571                  4.3304
Sale             5,891                  4.3950
Sale             500                    4.1520
Sale             600                    4.5817
Sale             3,700                  4.4957
Sale             100                    4.3290
Sale             100                    4.4200
Sale             600                    4.5817
Sale             8,124                  4.4033
Sale             900                    4.5522
Sale             100                    4.1300
Sale             1,421                  4.2942
Sale             7,840                  4.3383
Sale             100                    4.5300
Sale             1,400                  4.3800
Sale             1,600                  4.3775
Sale             1,500                  4.4310
Sale             3,500                  4.5354
Sale             1,700                  4.3800
Sale             600                    4.5600

(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          2                  2.5       AMER           21/02/2009   1.75
Call            Purchase          4                  5         AMER           16/01/2010   1.55
Call            Purchase          15                 2.5       AMER           16/01/2010   2.4
Call            Purchase          25                 2.5       AMER           16/01/2010   2.4
Call            Selling           1                  5         AMER           21/02/2009   0.825
Call            Selling           1                  7.5       AMER           21/02/2009   0.2
Call            Selling           1                  10        AMER           21/02/2009   0.15
Call            Selling           20                 5         AMER           21/02/2009   0.65
Call            Selling           44                 5         AMER           17/01/2009   0.1
Put             Purchase          1                  5         AMER           16/05/2009   1.7
Put             Selling           10                 5         AMER           21/02/2009   1.15
Put             Selling           19                 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                         16 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   -12                    10.0000          AMER           16/05/2009
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   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -7                     12.5000          AMER           16/05/2009
Option            Purchased   -19                    5.0000           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   -2                     5.0000           AMER           16/01/2010
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   2                      7.5000           AMER           16/01/2010
Option            Purchased   -8                     5.0000           AMER           16/01/2010
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -82                    7.5000           AMER           22/08/2009
Option            Purchased   -56                    10.0000          AMER           16/05/2009
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   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -26                    10.0000          AMER           16/01/2010
Option            Purchased   -16                    15.0000          AMER           16/05/2009
Option            Purchased   -24                    7.5000           AMER           17/01/2009
Option            Purchased   -21                    2.5000           AMER           17/01/2009
Option            Purchased   -20                    2.5000           AMER           21/02/2009
Option            Purchased   -20                    2.5000           AMER           16/05/2009
Option            Purchased   -19                    2.5000           AMER           21/02/2009
Option            Purchased   5                      5.0000           AMER           16/05/2009
Option            Purchased   -31                    10.0000          AMER           21/02/2009
Option            Purchased   144                    20.0000          AMER           21/02/2009
Option            Purchased   3                      5.0000           AMER           17/01/2009
Option            Purchased   51                     5.0000           AMER           17/01/2009
Option            Purchased   52                     5.0000           AMER           21/02/2009
Option            Purchased   68                     2.5000           AMER           16/01/2010
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   90                     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   31                     2.5000           AMER           16/01/2010
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   11                     30.0000          AMER           21/02/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
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   8                      17.5000          AMER           21/02/2009
Option            Purchased   8                      2.5000           AMER           22/08/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
Option            Purchased   10                     7.5000           AMER           21/02/2009
Option            Purchased   5                      25.0000          AMER           21/02/2009
Option            Purchased   12                     5.0000           AMER           16/05/2009
Option            Purchased   15                     2.5000           AMER           16/05/2009
Option            Purchased   22                     20.0000          AMER           16/05/2009
Option            Purchased   22                     5.0000           AMER           22/08/2009
Option            Purchased   24                     15.0000          AMER           21/02/2009
Option            Purchased   27                     15.0000          AMER           16/05/2009
Option            Purchased   10                     2.5000           AMER           22/08/2009

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