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               30 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      10,780,377     5.04%        121,658     0.06%
securities
(2) Derivatives        7,700     0.00%
(other than
options)
(3) Options and        6,251     0.00%            949     0.00%
agreements to
purchase/sell
Total             10,794,328     5.04%        122,607     0.06%


(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         5,900                  2.8597
Purchase         244                    2.8600 USD
Purchase         1,700                  2.9800
Purchase         1,861                  2.8200
Purchase         2,400                  2.8200
Purchase         300                    2.9400
Purchase         33                     2.8600
Purchase         1,397                  2.8600
Purchase         2,681                  3.1738
Purchase         100                    3.2500
Purchase         40,848                 2.8446
Purchase         295                    3.1400 USD
Purchase         900                    2.9356
Purchase         1,500                  2.8400
Purchase         109                    2.8500
Purchase         100                    2.8600
Purchase         1,150                  2.8252
Purchase         400                    2.8250
Purchase         746                    3.0819
Purchase         3,600                  2.8272
Purchase         758                    2.8600
Purchase         2,700                  2.8507
Purchase         100                    2.8200
Purchase         1,500                  2.8197
Purchase         2,300                  2.8600
Purchase         100                    2.8150
Purchase         7,181                  2.8540 USD
Purchase         2,298                  2.8600 USD
Purchase         2,283                  2.8540 USD
Purchase         1,000                  2.9446 USD
Purchase         5,820                  2.8600 USD
Purchase         2,240                  2.9885 USD
Purchase         7,666                  3.3382 USD
Purchase         472                    3.1400 USD
Purchase         400                    2.9446 USD
Purchase         9,599                  2.8600 USD
Purchase         10,457                 3.2900 USD
Purchase         902                    2.8600 USD
Purchase         2,834                  2.8600 USD
Sale             109                    2.8500
Sale             2,724                  2.8600 USD
Sale             100                    2.8000
Sale             2,298                  2.8600 USD
Sale             5,900                  2.8597
Sale             400                    2.9130
Sale             10,600                 2.9640
Sale             3,000                  2.8597
Sale             100                    2.8150
Sale             2,834                  2.8600 USD
Sale             3,195                  2.8500
Sale             400                    2.8125
Sale             2,681                  3.1738
Sale             4,913                  2.8600 USD
Sale             13                     2.8500
Sale             60                     2.8600
Sale             758                    2.8600
Sale             10,200                 2.8397
Sale             8,492                  2.8600 USD
Sale             33                     2.8600
Sale             1,150                  2.7970
Sale             926                    2.8535
Sale             400                    2.9625 USD
Sale             390                    2.8600 USD
Sale             324                    2.8600 USD
Sale             401                    2.8600 USD
Sale             226                    2.8600 USD
Sale             220                    2.8600 USD
Sale             119                    2.8600 USD
Sale             119                    2.8600 USD
Sale             108                    2.8600 USD
Sale             488                    2.8600 USD
Sale             1,700                  2.9765
Sale             678                    2.8600 USD
Sale             1,500                  2.9173
Sale             902                    2.8600 USD
Sale             53                     2.8600
Sale             1,800                  2.8567
Sale             24,528                 3.1400 USD
Sale             1,068                  2.8600 USD
Sale             1,082                  2.8600 USD
Sale             1,157                  2.8600 USD
Sale             2,000                  2.9080
Sale             746                    3.0819
Sale             2,300                  2.8600
Sale             1,488                  2.8600 USD
Sale             9,300                  2.8432
Sale             9,005                  2.8477
Sale             1,500                  2.8400
Sale             17,848                 2.8432
Sale             4,261                  2.8300

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          900           2.9972
CFD            Short         800           2.9675


(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                  7.5       AMER            16/01/2010  0.51
Call            Purchase          6                  2.5       AMER            21/03/2009  0.8
Call            Purchase          10                 5         AMER            16/05/2009  0.45
Call            Purchase          42                 5         AMER            16/05/2009  0.45
Call            Selling           1                  5         AMER            16/01/2010  0.85
Call            Selling           1                  10        AMER            16/05/2009  0.1
Call            Selling           2                  5         AMER            22/08/2009  0.8
Call            Selling           3                  2.5       AMER            21/02/2009  0.7
Call            Selling           4                  2.5       AMER            16/01/2010  1.65
Call            Selling           6                  7.5       AMER            16/05/2009  0.2
Put             Purchase          1                  2.5       AMER            21/02/2009  0.25
Put             Selling           1                  5         AMER            21/02/2009  1.85


(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                         02 February 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  6                       7.5000           AMER           16/01/2010
Option            Purchased  -23                     2.5000           AMER           21/02/2009
Option            Purchased  -187                    30.0000          AMER           21/02/2009
Option            Purchased  -84                     10.0000          AMER           16/05/2009
Option            Purchased  -71                     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  -21                     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  -15                     5.0000           AMER           21/03/2009
Option            Purchased  -15                     7.5000           AMER           16/01/2010
Option            Purchased  7                       30.0000          AMER           16/05/2009
Option            Purchased  -31                     10.0000          AMER           21/02/2009
Option            Purchased  30                      7.5000           AMER           22/08/2009
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  76                      7.5000           AMER           16/05/2009
Option            Purchased  70                      7.5000           AMER           16/05/2009
Option            Purchased  64                      2.5000           AMER           16/01/2010
Option            Purchased  56                      5.0000           AMER           16/05/2009
Option            Purchased  1                       5.0000           AMER           22/08/2009
Option            Purchased  16                      2.5000           AMER           21/03/2009
Option            Purchased  7                       40.0000          AMER           21/02/2009
Option            Purchased  8                       17.5000          AMER           21/02/2009
Option            Purchased  10                      2.5000           AMER           22/08/2009
Option            Purchased  10                      5.0000           AMER           22/08/2009
Option            Purchased  10                      7.5000           AMER           21/02/2009
Option            Purchased  45                      7.5000           AMER           21/02/2009
Option            Purchased  14                      5.0000           AMER           16/05/2009
Option            Purchased  31                      2.5000           AMER           16/01/2010
Option            Purchased  16                      2.5000           AMER           16/05/2009
Option            Purchased  20                      10.0000          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  1,920                   17.5000          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