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               09 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       27,687,157    7.34%        876,021     0.23%
securities
(2) Derivatives     1,233,097    0.33%        334,658     0.09%
(other than
options)
(3) Options and        10,137    0.00%         10,137     0.00%
agreements to
purchase/sell
Total              28,930,391    7.67%      1,220,816     0.32%


(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      6,886                6.7946
Purchase      74,170               6.7937
Purchase      11,681               6.7791
Purchase      13,672               6.7963
Purchase      731                  6.8000
Purchase      977                  6.8214
Purchase      3,067                6.7815
Purchase      2,150                6.8000
Purchase      120,158              6.7919
Purchase      2,500                6.7914
Purchase      34,674               6.7959
Purchase      4,400                6.7915
Sale          10,705               6.8000
Sale          120,158              6.7919
Sale          70,834               6.7943
Sale          5,131                6.8130
Sale          4,855                6.7886
Sale          2,500                6.7900
Sale          151                  6.8286
Sale          120,158              6.7919


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         2500          6.7913
CFD            Short         4400          6.7915
CFD            Short         7463          6.7936
CFD            Short         74170         6.7937
CFD            Short         6886          6.7946
CFD            Short         13672         6.7963
CFD            Short         27211         6.7964
CFD            Short         977           6.8213
CFD            Long          4855          6.7886
CFD            Long          8259          6.7925
CFD            Long          70834         6.7942
CFD            Long          5131          6.8129
CFD            Long          151           6.8286


(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                         10 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