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               27 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       27,428,828    7.28%      1,384,248     0.37%
securities
(2) Derivatives     1,367,522    0.36%        133,104     0.04%
(other than
options)
(3) Options and         4,401    0.00%          4,401     0.00%
agreements to
purchase/sell
Total              28,800,751    7.64%      1,521,753     0.40%


(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      36,280               6.3972
Purchase      320                  6.5044
Purchase      6,134                6.3900
Purchase      600                  6.3908
Purchase      800                  6.3900
Purchase      591                  6.3700
Purchase      2,514                6.3700
Purchase      12,074               6.3713
Purchase      8,402                6.4072
Purchase      32,067               6.3748
Purchase      6,279                6.3141
Purchase      5,866                6.3626
Purchase      12,400               6.3055
Purchase      24,964               6.3770
Purchase      13,561               6.4095
Purchase      8,402                6.4038
Sale          9,303                6.3700
Sale          10,533               6.3029
Sale          141                  6.3792
Sale          5,800                6.4982
Sale          13,166               6.3870
Sale          25,238               6.3725
Sale          36,100               6.3848
Sale          122,891              6.3700
Sale          770                  6.3700
Sale          24,964               6.3757
Sale          17,349               6.3276
Sale          4                    6.3425
Sale          12,400               6.3042
Sale          5,892                6.3049
Sale          8,402                6.4038

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         6279          6.3141
CFD            Short         5866          6.3625
CFD            Short         12074         6.3712
CFD            Short         32067         6.3748
CFD            Short         24964         6.377
CFD            Short         800           6.39
CFD            Short         600           6.3908
CFD            Short         13561         6.4094
CFD            Short         8760          6.5023
CFD            Long          10533         6.3028
CFD            Long          12400         6.3042
CFD            Long          17349         6.3276
CFD            Long          4             6.3425
CFD            Long          6114          6.3461
CFD            Long          122891        6.37
CFD            Long          25238         6.3725
CFD            Long          141           6.3792
CFD            Long          7052          6.4224
CFD            Long          2144          6.5035

(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                         28 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