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               10 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       27,662,995    7.33%        918,165     0.24%
securities
(2) Derivatives     1,329,336    0.35%        464,418     0.12%
(other than
options)
(3) Options and        10,304    0.00%         10,304     0.00%
agreements to
purchase/sell
Total              29,002,635    7.69%      1,392,887     0.37%


(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      2,500                6.7900
Purchase      20,009               6.8000
Purchase      10,400               6.7294
Purchase      2,626                6.7008
Purchase      18,838               6.8102
Purchase      11,185               6.6913
Purchase      25,289               6.7629
Purchase      121,124              6.8160
Purchase      1,470                6.7414
Purchase      18,838               6.8122
Purchase      67,274               6.8156
Purchase      23,506               6.7678
Purchase      1,273                6.8318
Purchase      5,200                6.7914
Purchase      168,187              6.7855
Sale          1,277                6.7300
Sale          168,187              6.7856
Sale          977                  6.7668
Sale          594                  6.8200
Sale          106,459              6.7681
Sale          464                  6.8150
Sale          61,728               6.8155
Sale          5,200                6.7900
Sale          20,009               6.8000
Sale          29                   6.8238
Sale          594                  6.8200
Sale          1,315                6.8150
Sale          18,838               6.8102
Sale          11,957               6.7736
Sale          20,009               6.8000
Sale          96,432               6.7784
Sale          7,812                6.8122


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         11185         6.6913
CFD            Short         2626          6.7007
CFD            Short         10400         6.7294
CFD            Short         1470          6.7414
CFD            Short         5200          6.7913
CFD            Short         121124        6.816
CFD            Long          1277          6.73
CFD            Long          977           6.7668
CFD            Long          11957         6.7735
CFD            Long          96432         6.7784
CFD            Long          7812          6.8122
CFD            Long          29            6.8237


(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                         11 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