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               29 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      10,800,100     5.05%        176,400    0.08%
securities
(2) Derivatives        7,600     0.00%
(other than
options)
(3) Options and        6,204     0.00%            945    0.00%
agreements to
purchase/sell
Total             10,813,904     5.05%        177,345    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         7,140                  4.1200 USD
Purchase         1,300                  3.3600 USD
Purchase         2,400                  3.4833 USD
Purchase         2,300                  3.2400 USD
Purchase         100                    3.2400 USD
Purchase         100                    3.2400 USD
Purchase         1,400                  3.1257 USD
Purchase         700                    3.3000 USD
Purchase         500                    3.2000 USD
Purchase         100                    3.2500 USD
Purchase         60,044                 3.3209 USD
Purchase         24,528                 4.1200 USD
Purchase         2,625                  3.1400 USD
Purchase         1,488                  3.1400 USD
Purchase         833                    3.1400 USD
Purchase         529                    3.3447 USD
Purchase         47                     3.6500 USD
Purchase         5,000                  3.0900 USD
Purchase         53                     3.5200 USD
Purchase         214,374                3.3287 USD
Purchase         1,900                  3.5473 USD
Purchase         2,800                  3.1100 USD
Purchase         2,000                  3.5075 USD
Purchase         1,470                  3.2788 USD
Sale             20,746                 3.5461 USD
Sale             28,508                 3.3005 USD
Sale             52 3                   .5200 USD
Sale             800                    3.5237 USD
Sale             900                    3.2411 USD
Sale             5,200                  3.2943 USD
Sale             600                    3.5033 USD
Sale             20,913                 3.3187 USD
Sale             3,123                  3.4723 USD
Sale             7,548                  4.1200 USD
Sale             1,470                  3.2780 USD
Sale             6,832                  3.5270 USD
Sale             2,990                  3.1400 USD
Sale             1,490                  3.1400 USD
Sale             4,800                  3.7560 USD
Sale             565                    3.1400 USD
Sale             565                    3.1400 USD
Sale             5,000                  3.1000 USD
Sale             440                    3.1400 USD
Sale             357                    3.1400 USD
Sale             339                    3.1400 USD
Sale             165                    3.1400 USD
Sale             15,832                 4.1200 USD
Sale             2,500                  3.2400 USD
Sale             1,800                  3.4766 USD
Sale             2,100                  3.3771 USD
Sale             58,974                 3.3527 USD
Sale             78,567                 3.3123 USD
Sale             11,766                 3.3616 USD
Sale             7,700                  3.2654 USD
Sale             53,467                 3.3214 USD
Sale             9,059                  3.2881 USD
Sale             341                    3.3651 USD
Sale             200                    3.0850 USD
Sale             200                    3.1200 USD
Sale             33                     3.1400 USD
Sale             100                    3.2600 USD
Sale             1,000                  3.1000 USD
Sale             2,984                  3.5063 USD
Sale             347                    3.1400 USD
Sale             550                    3.1163 USD
Sale             400                    3.1575 USD
Sale             165                    3.1400 USD
Sale             500                    3.3500 USD
Sale             1,000                  3.1400 USD
Sale             179                    3.1646 USD
Sale             100                    3.1500 USD
Sale             2,984                  3.5063 USD
sale             7                      3.7300 USD
Sale             200                    3.1600 USD


(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)


(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                         30 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         -14               10.0000          AMER           16/01/2010
Option           Purchased         -252              17.5000          AMER           21/02/2009
Option           Purchased         1                 20.0000          AMER           16/05/2009
Option           Purchased         -1                2.5000           AMER           21/02/2009
Option           Purchased         -2                5.0000           AMER           16/01/2010
Option           Purchased         -2                17.5000          AMER           16/05/2009
Option           Purchased         -2                17.5000          AMER           16/05/2009
Option           Purchased         -4                12.5000          AMER           16/05/2009
Option           Purchased         -7                12.5000          AMER           16/05/2009
Option           Purchased         -8                7.5000           AMER           21/03/2009
Option           Purchased         -10               40.0000          AMER           21/02/2009
Option           Purchased         -10               25.0000          AMER           21/02/2009
Option           Purchased         -10               2.5000           AMER           16/05/2009
Option           Purchased         -11               22.5000          AMER           21/02/2009
Option           Purchased         4                 5.0000           AMER           16/05/2009
Option           Purchased         -20               2.5000           AMER           21/02/2009
Option           Purchased         -187              30.0000          AMER           21/02/2009
Option           Purchased         -83               10.0000          AMER           16/05/2009
Option           Purchased         -70               5.0000           AMER           16/01/2010
Option           Purchased         -56               20.0000          AMER           21/02/2009
Option           Purchased         -34               10.0000          AMER           22/08/2009
Option           Purchased         -11               15.0000          AMER           21/02/2009
Option           Purchased         -25               30.0000          AMER           16/05/2009
Option           Purchased         -12               10.0000          AMER           16/05/2009
Option           Purchased         -20               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         -16               7.5000           AMER           16/01/2010
Option           Purchased         -15               5.0000           AMER           21/03/2009
Option           Purchased         6                 7.5000           AMER           16/01/2010
Option           Purchased         -31               10.0000          AMER           21/02/2009
Option           Purchased         27                15.0000          AMER           16/05/2009
Option           Purchased         1,100             25.0000          AMER           21/02/2009
Option           Purchased         628               10.0000          AMER           21/02/2009
Option           Purchased         612               12.5000          AMER           21/02/2009
Option           Purchased         448               15.0000          AMER           21/02/2009
Option           Purchased         436               7.5000           AMER           21/02/2009
Option           Purchased         144               20.0000          AMER           21/02/2009
Option           Purchased         162               5.0000           AMER           21/02/2009
Option           Purchased         119               25.0000          AMER           21/02/2009
Option           Purchased         99                12.5000          AMER           21/02/2009
Option           Purchased         82                7.5000           AMER           16/05/2009
Option           Purchased         70                7.5000           AMER           16/05/2009
Option           Purchased         68                2.5000           AMER           16/01/2010
Option           Purchased         45                7.5000           AMER           21/02/2009
Option           Purchased         1                 5.0000           AMER           22/08/2009
Option           Purchased         12                5.0000           AMER           22/08/2009
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         10                2.5000           AMER           21/03/2009
Option           Purchased         10                2.5000           AMER           22/08/2009
Option           Purchased         31                2.5000           AMER           16/01/2010
Option           Purchased         11                30.0000          AMER           21/02/2009
Option           Purchased         30                7.5000           AMER           22/08/2009
Option           Purchased         14                5.0000           AMER           16/05/2009
Option           Purchased         16                2.5000           AMER           16/05/2009
Option           Purchased         20                10.0000          AMER           16/01/2010
Option           Purchased         22                20.000           AMER           16/05/2009
Option           Purchased         24                15.000           AMER           21/02/2009
Option           Purchased         1,920             17.500           AMER           21/02/2009
Option           Purchased         10                7.5000           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