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               12 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       28,382,006     7.52%       715,266     0.19%
securities
(2) Derivatives     1,427,530     0.38%     1,180,340     0.31%
(other than
options)
(3) Options and        2,544      0.00%         2,544     0.00%
agreements to
purchase/sell
Total              29,812,080     7.90%     1,898,150     0.50%


(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      3,329                6.6013
Purchase      11,313               6.5979
Purchase      25,386               6.6005
Purchase      35,406               6.6489
Purchase      10,000               6.5923
Purchase      370                  6.5944
Purchase      21,410               6.6009
Purchase      3,776                6.5952
Purchase      117,681              6.5986
Purchase      119,732              6.6003
Purchase      52,692               6.5955
Purchase      12,999               6.5963
Purchase      5,200                6.7900
Sale          21,410               6.6009
Sale          12,350               6.6128
Sale          3,211                6.6637
Sale          30,000               6.6544
Sale          276,133              Transfer
Sale          21,410               6.6009
Sale          4,295                6.6675
Sale          33,290               Transfer


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         10000         6.5923
CFD            Short         12999         6.5963
CFD            Short         11313         6.5979
CFD            Short         113965        6.5985
CFD            Short         119732        6.6003
CFD            Short         3716          6.6006
CFD            Short         3329          6.6013
CFD            Short         35406         6.6488
CFD            Long          21410         6.6009
CFD            Long          12350         6.6128
CFD            Long          3211          6.6636
CFD            Long          4295          6.6674

(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                         13 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