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               04 July 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       28,038,603    7.43%        846,924     0.22%
securities
(2) Derivatives     1,125,795    0.30%        182,324     0.05%
(other than
options)
(3) Options and        15,626    0.00%         15,626     0.00%
agreements to
purchase/sell
Total              29,180,024    7.74%      1,044,874     0.28%


(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      50,847               6.7996
Purchase      32,872               6.8135
Purchase      622                  6.6750
Purchase      19,676               6.8300
Purchase      25,709               6.8234
Purchase      10,000               6.8220
Purchase      856                  6.8514
Purchase      15,346               6.8218
Purchase      3,018                6.7979
Purchase      708                  6.8041
Sale          2,888                6.7450
Sale          2,766                6.7859
Sale          10,000               6.8206
Sale          34,148               6.8200
Sale          4,659                6.7853
Sale          15,722               6.8225
Sale          148,001              6.8145


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         3018          6.7978
CFD            Short         50847         6.7996
CFD            Short         708           6.804
CFD            Short         32872         6.8135
CFD            Short         15346         6.8218
CFD            Short         856           6.8513
CFD            Long          4659          6.7853
CFD            Long          2766          6.7858
CFD            Long          148001        6.8145
CFD            Long          10000         6.8206
CFD            Long          15722         6.8224


(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                         05 July 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