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               10 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      11,347,350     5.30%         55,227     0.03%
securities
(2) Derivatives        7,100     0.00%
(other than
options)
(3) Options and        6,281     0.00%          1,298     0.00%
agreements to
purchase/sell
Total             11,360,731     5.31%         56,525     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         500                    2.6800
Purchase         600                    3.2567
Purchase         2,000                  2.6355
Purchase         109                    2.6958
Purchase         1,100                  3.0900
Purchase         500                    2.9180
Purchase         1,100                  2.6535
Purchase         1,600                  3.0363
Purchase         6,200                  2.9016
Purchase         600                    2.6200
Purchase         300                    2.6467
Purchase         25                     2.6200
Purchase         51                     2.7800
Purchase         1,100                  2.6873
Purchase         1,100                  2.6308
Purchase         900                    2.6330
Purchase         100                    2.6300
Purchase         1,200                  3.1050
Purchase         210                    2.6200
Purchase         20,502                 3.2131
Purchase         400                    2.6875
Purchase         472                    3.3300 USD
Purchase         3,700                  2.8479 USD
Purchase         69                     2.6200
Purchase         1,900                  2.8479 USD
Purchase         1,566                  2.6200 USD
Purchase         904                    2.6200 USD
Purchase         678                    2.6200 USD
Purchase         2,866                  2.7744
Purchase         600                    2.9633 USD
Purchase         11,475                 2.6364
Purchase         210                    2.6200
Purchase         3,400                  2.6600
Sale             400                    3.2600
Sale             69                     2.6200
Sale             159                    3.3300
Sale             100                    3.2100
Sale             16,961                 3.2103
Sale             700                    2.6214
Sale             591                    2.6452
Sale             1,600                  3.2363
Sale             1,100                  2.6300
Sale             6,484                  2.6351
Sale             51                     2.7800
Sale             400                    2.6425
Sale             200                    2.6300
Sale             2,200                  2.6422
Sale             100                    2.6300
Sale             900                    2.6367
Sale             302                    3.1903
Sale             1,100                  3.0900
Sale             3,025                  2.8213 USD
Sale             2,034                  2.6200 USD
Sale             1,210                  2.6200 USD
Sale             476                    2.6200 USD
Sale             220                    2.6200 USD
Sale             220                    2.6200 USD
Sale             110                    2.6200 USD
Sale             108                    2.6200 USD
Sale             108                    2.6200 USD
Sale             2,000                  2.6600
Sale             1,400                  2.6600
Sale             600                    2.6500
Sale             3,100                  2.6515
Sale             2,700                  2.8803
Sale             239                    3.2600
Sale             500                    2.9180
Sale             2,866                  2.7744
Sale             400                    2.6300
Sale             10                     2.6300
Sale             100                    2.6300
Sale             1,200                  2.6333
Sale             600                    2.6200
Sale             26,600                 2.8213 USD
Sale             2,000                  2.6355
Sale             210                    2.6200
Sale             1,100                  2.6873
Sale             1,000                  3.2000
Sale             600                    3.2667


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          4700          2.829

(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  1.2330
Call            Selling           1                  2.5       AMER           16/05/2009  1.2330
Call            Selling           20                 2.5       AMER           16/05/2009  1
Call            Selling           20                 2.5       AMER           16/01/2010  1.4


(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                         11 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   -60                    2.5000           AMER           16/05/2009
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           21/02/2009
Option            Purchased   -18                    2.5000           AMER           16/01/2010
Option            Purchased   1                      5.0000           AMER           22/08/2009
Option            Purchased   -56                    20.0000          AMER           21/02/2009
Option            Purchased   228                    5.0000           AMER           21/02/2009
Option            Purchased   -1                     17.5000          AMER           16/05/2009
Option            Purchased   45                     7.5000           AMER           21/02/2009
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   37                     2.5000           AMER           16/01/2010
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                     5.0000           AMER           16/05/2009
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