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               04 February 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      10,931,421     5.11%         66,354     0.03%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and        6,260     0.00%            999     0.00%
agreements to
purchase/sell
Total             10,940,081     5.11%         67,353     0.03%


(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         2,550                  2.4072
Purchase         3,820                  2.5112
Purchase         268                    2.3584
Purchase         45                     2.5000
Purchase         800                    2.4000
Purchase         100                    2.3100
Purchase         100                    2.4500
Purchase         27                     2.3700
Purchase         2,832                  2.4694
Purchase         7,690                  2.3600
Purchase         36                     2.5100
Purchase         300                    2.4067
Purchase         36,400                 2.4530
Purchase         500                    2.3460
Purchase         8,395                  2.3534
Purchase         100                    2.3200
Purchase         700                    2.3557
Purchase         2,605                  2.3694
Purchase         12,551                 2.4800 USD
Purchase         476                    2.4500 USD
Purchase         472                    2.4700 USD
Purchase         100                    17.5000
Purchase         813                    2.3725
Purchase         200                    2.3700
Purchase         36,400                 2.4530
Purchase         600                    2.3812
Purchase         3,000                  2.4407
Purchase         700                    2.3571
Purchase         3,800                  2.4587
Purchase         100                    2.3900
Purchase         2,500                  2.4000
Purchase         1,700                  2.4000
Sale             660                    2.4500 USD
Sale             5,000                  2.4000
Sale             1,809                  2.4040
Sale             476                    2.4500 USD
Sale             300                    2.3890
Sale             441                    2.4327
Sale             900                    2.4944
Sale             3,000                  2.4367
Sale             1,488                  2.4500 USD
Sale             400                    2.5238
Sale             715                    2.4500 USD
Sale             783                    2.4500 USD
Sale             990                    2.4500 USD
Sale             36,400                 2.4530
Sale             939,849                2.4700 USD
Sale             700                    2.3825
Sale             100                    2.3500
Sale             7,690                  2.3600
Sale             3,820                  2.5112
Sale             2,000                  2.5000
Sale             1,820                  2.5000
Sale             5,700                  2.3649
Sale             9,190                  2.3639
Sale             8,300                  2.3757
Sale             45                     2.5000
Sale             12,300                 2.3563
Sale             1,700                  2.3603
Sale             40                     2.3500
Sale             270                    2.4500 USD
Sale             100                    2.4400
Sale             100                    2.5000
Sale             2,832                  2.4694
Sale             100                    2.6100
Sale             200                    2.4500
Sale             700                    2.3571
Sale             813                    2.3725
Sale             200                    2.3700
Sale             128                    2.3675


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         600           2.5125


(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          3                  2.5       AMER           21/03/2009  0.5
Call            Purchase          5                  2.5       AMER           21/02/2009  0.24
Call            Selling           5                  2.5       AMER           21/03/2009  0.49
Call            Selling           6                  2.5       AMER           16/05/2009  0.8
Call            Selling           7                  5         AMER           21/02/2009  0.05
Call            Selling           8                  7.5       AMER           16/05/2009  0.17
Put             Purchase          1                  17.5      AMER           16/05/2009  0.00001
Put             Purchase          2                  2.5       AMER           22/08/2009  0.95
Put             Purchase          2                  2.5       AMER           22/08/2009  1
Put             Purchase          3                  2.5       AMER           22/08/2009  0.95
Put             Purchase          3                  2.5       AMER           22/08/2009  0.975
Put             Purchase          3                  2.5       AMER           22/08/2009  1
Put             Purchase          13                 2.5       AMER           22/08/2009  0.95
Put             Purchase          15                 7.5       AMER           16/01/2010  5.1
Put             Selling           3                  2.5       AMER           22/08/2009  0.975
Put             Selling           13                 2.5       AMER           16/01/2010  1.05


(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                         05 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   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   -2                     5.0000           AMER           16/01/2010
Option            Purchased   -2                     17.5000          AMER           16/05/2009
Option            Purchased   -4                     12.5000          AMER           16/05/2009
Option            Purchased   -7                     2.5000           AMER           21/02/2009
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   -11                    22.5000          AMER           21/02/2009
Option            Purchased   -11                    15.0000          AMER           21/02/2009
Option            Purchased   -12                    10.0000          AMER           16/05/2009
Option            Purchased   -14                    10.0000          AMER           16/01/2010
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
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   -15                    7.5000           AMER           16/01/2010
Option            Purchased   -25                    2.5000           AMER           21/03/2009
Option            Purchased   -15                    5.0000           AMER           21/03/2009
Option            Purchased   -21                    5.0000           AMER           21/02/2009
Option            Purchased   -18                    2.5000           AMER           16/01/2010
Option            Purchased   -18                    2.5000           AMER           21/02/2009
Option            Purchased   -16                    15.0000          AMER           16/05/2009
Option            Purchased   -16                    2.5000           AMER           16/05/2009
Option            Purchased   7                      30.0000          AMER           16/05/2009
Option            Purchased   -31                    10.0000          AMER           21/02/2009
Option            Purchased   155                    5.0000           AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   57                     2.5000           AMER           16/01/2010
Option            Purchased   65                     2.5000           AMER           22/08/2009
Option            Purchased   68                     7.5000           AMER           16/05/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
Option            Purchased   119                    25.0000          AMER           21/02/2009
Option            Purchased   32                     7.5000           AMER           22/08/2009
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   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   14                     5.0000           AMER           16/05/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
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   53                     5.0000           AMER           16/05/2009
Option            Purchased   11                     30.0000          AMER           21/02/2009
Option            Purchased   1                      5.0000           AMER           22/08/2009
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   20                     10.0000          AMER           16/01/2010
Option            Purchased   21                     7.5000           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   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