Rule 8.3 - INVESTEC

FORM 8.3

    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              INVESTEC
Class of relevant security    ORD GBP0.0002
to which the dealings being
disclosed relate (Note 2)
Date of dealing               22 June 2007

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       27,656,211    7.34%      1,099,469     0.29%
securities
(2) Derivatives     1,278,018    0.34%        170,372     0.05%
(other than
options)
(3) Options and        10,232    0.00%              0     0.00%
agreements to
purchase/sell
Total              28,944,461    7.68%      1,280,073     0.34%


(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      8,043                6.6013
Purchase      3,408                6.6675
Purchase      418                  6.6700
Purchase      50,000               6.5566
Purchase      10,949               6.5200
Purchase      19,268               6.5213
Purchase      37,116               6.5575
Purchase      1,652                6.5423
Purchase      2,928                6.6335
Purchase      2,928                6.6176
Purchase      6,538                6.5342
Purchase      4,000                6.8250
Purchase      6,847                6.6506
Purchase      6,847                6.6035
Sale          51,434               6.5310
Sale          8,043                6.5463
Sale          6,538                6.5241
Sale          8,494                6.8006
Sale          37,489               6.5506
Sale          5,659                6.5200
Sale          2,928                6.6176
Sale          647                  6.7137
Sale          63,509               6.7740
Sale          36,240               6.5437
Sale          6,538                6.5342
Sale          4,648                6.5200
Sale          37,116               6.5575
Sale          37,116               6.5575


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         19268         6.5213
CFD            Short         50000         6.5565
CFD            Short         8043          6.6013
CFD            Short         6847          6.6035
CFD            Short         3408          6.6674
CFD            Long          36240         6.5436
CFD            Long          8043          6.5462
CFD            Long          37489         6.5505
CFD            Long          647           6.7136
CFD            Long          63509         6.7739
CFD            Long          8494          6.8006


(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)                 NO


Date of disclosure                         25 June 2007
Contact name                               BARCLAYS COMPLIANCE
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