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               09 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      11,367,466     5.31%         61,342     0.03%
securities
(2) Derivatives        2,400     0.00%
(other than
options)
(3) Options and        6,301     0.00%          1,278     0.00%
agreements to
purchase/sell
Total             11,376,167     5.31%         62,620     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         238                    3.3300 USD
Purchase         744                    3.3300 USD
Purchase         19,575                 2.7792 USD
Purchase         21,928                 2.7792 USD
Purchase         23,784                 2.7792 USD
Purchase         26,368                 2.7792 USD
Purchase         44,380                 2.7792 USD
Purchase         472                    2.7300 USD
Purchase         472                    2.7300 USD
Purchase         100                    2.7176
Purchase         452                    3.3300 USD
Purchase         8,609                  3.3352
Purchase         200                    3.3300
Purchase         85,392                 3.1545
Purchase         200                    3.3500
Purchase         100                    2.8300
Purchase         708                    2.8523
Purchase         110                    3.3300 USD
Purchase         600                    3.3300
Purchase         244                    3.3300 USD
Purchase         200                    3.3500
Purchase         159                    3.3300
Purchase         3,700                  3.3341
Purchase         1,502                  3.2534
Purchase         200                    3.3450
Purchase         400                    3.3350
Sale             135                    3.3300 USD
Sale             226                    3.3300 USD
Sale             952                    3.3300 USD
Sale             220                    3.3300 USD
Sale             1,044                  3.3300 USD
Sale             2,034                  3.3300 USD
Sale             18,857                 3.0973 USD
Sale             108                    3.3300 USD
Sale             42                     2.8300
Sale             1,502                  3.2534
Sale             200                    3.3400
Sale             85,392                 3.1545
Sale             8,609                  3.3352
Sale             200                    3.3500
Sale             200                    3.3500
Sale             600                    3.3500
Sale             366                    3.3300 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)
Call            Purchase          1                  2.5       AMER           16/05/2009  0.9
Call            Purchase          1                  5         AMER           22/08/2009  0.5
Call            Purchase          1                  5         AMER           22/08/2009  0.59
Call            Purchase          1                  5         AMER           16/01/2010  0.55
Call            Purchase          2                  5         AMER           16/05/2009  0.325
Call            Purchase          3                  5         AMER           21/03/2009  0.15
Call            Purchase          5                  5         AMER           16/05/2009  0.5
Call            Purchase          6                  5         AMER           21/03/2009  0.3
Call            Purchase          10                 7.5       AMER           16/01/2010  0.35
Call            Selling           1                  2.5       AMER           16/05/2009  0.9
Call            Selling           1                  5         AMER           22/08/2009  0.5
Call            Selling           1                  5         AMER           16/01/2010  0.55
Call            Selling           1                  5         AMER           16/01/2010  0.69
Call            Selling           2                  5         AMER           16/05/2009  0.325
Call            Selling           3                  5         AMER           21/03/2009  0.15
Call            Selling           3                  5         AMER           21/03/2009  0.35
Call            Selling           4                  2.5       AMER           16/05/2009  1.35
Call            Selling           4                  5         AMER           21/03/2009  0.35
Call            Selling           5                  5         AMER           21/03/2009  0.35
Call            Selling           6                  5         AMER           21/03/2009  0.35
Call            Selling           6                  5         AMER           16/05/2009  0.45
Call            Selling           7                  5         AMER           16/05/2009  0.48
Call            Selling           8                  5         AMER           22/08/2009  0.7
Call            Selling           12                 5         AMER           21/03/2009  0.35
Call            Selling           18                 5         AMER           21/03/2009  0.3
Call            Selling           29                 5         AMER           21/03/2009  0.3
Call            Selling           61                 5         AMER           21/03/2009  0.3
Call            Selling           87                 5         AMER           21/03/2009  0.3
Put             Selling           10                 5         AMER           16/05/2009  2.2


(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                         10 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                    15.0000          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   -5                     7.5000           AMER           16/01/2010
Option            Purchased   -7                     5.0000           AMER           22/08/2009
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   -270                   5.0000           AMER           21/03/2009
Option            Purchased   -31                    10.0000          AMER           21/02/2009
Option            Purchased   -252                   17.5000          AMER           21/02/2009
Option            Purchased   -187                   30.0000          AMER           21/02/2009
Option            Purchased   -84                    10.0000          AMER           16/05/2009
Option            Purchased   -79                    5.0000           AMER           16/01/2010
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   -14                    10.0000          AMER           16/01/2010
Option            Purchased   -34                    10.0000          AMER           22/08/2009
Option            Purchased   -16                    25.0000          AMER           16/05/2009
Option            Purchased   -25                    30.0000          AMER           16/05/2009
Option            Purchased   -21                    5.0000           AMER           21/02/2009
Option            Purchased   -20                    2.5000           AMER           21/03/2009
Option            Purchased   -18                    2.5000           AMER           16/01/2010
Option            Purchased   -18                    2.5000           AMER           21/02/2009
Option            Purchased   1                      5.0000           AMER           22/08/2009
Option            Purchased   -40                    2.5000           AMER           16/05/2009
Option            Purchased   228                    5.0000           AMER           21/02/2009
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   57                     2.5000           AMER           16/01/2010
Option            Purchased   64                     7.5000           AMER           16/05/2009
Option            Purchased   65                     2.5000           AMER           22/08/2009
Option            Purchased   70                     7.5000           AMER           16/05/2009
Option            Purchased   45                     5.0000           AMER           16/05/2009
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   11                     30.0000          AMER           21/02/2009
Option            Purchased   1,920                  17.5000          AMER           21/02/2009
Option            Purchased   4                      5.0000           AMER           16/05/2009
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   45                     7.5000           AMER           21/02/2009
Option            Purchased   10                     7.5000           AMER           21/02/2009
Option            Purchased   1                      20.0000          AMER           16/05/2009
Option            Purchased   16                     2.5000           AMER           16/05/2009
Option            Purchased   20                     10.0000          AMER           16/01/2010
Option            Purchased   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                     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