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               13 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       28,557,145     7.57%       615,409     0.16%
securities
(2) Derivatives     1,462,558     0.39%     1,339,990     0.36%
(other than
options)
(3) Options and         4,516     0.00%         4,516     0.00%
agreements to
purchase/sell
Total              30,024,219     7.96%     1,959,915     0.52%


(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      4,665                6.6996
Purchase      103,962              6.7309
Purchase      19,671               6.6971
Purchase      4,549                6.7250
Purchase      964                  6.7360
Purchase      1,747                6.7514
Purchase      4,280                6.7500
Purchase      1,757                6.7250
Purchase      3,771                6.7250
Purchase      14,694               6.7263
Purchase      9,667                6.7133
Purchase      43,450               6.7382
Sale          3,329                6.7420
Sale          2,725                6.6023
Sale          7,018                6.7188
Sale          7,949                6.7114
Sale          441                  6.7452
Sale          10,948               6.7544
Sale          3,943                6.7096
Sale          1,400                6.7050
Sale          285                  6.7400


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         19671         6.6971
CFD            Short         4665          6.6996
CFD            Short         9667          6.7132
CFD            Short         14694         6.7263
CFD            Short         103962        6.7309
CFD            Short         964           6.736
CFD            Short         4280          6.75
CFD            Short         1747          6.7513
CFD            Long          1400          6.705
CFD            Long          3943          6.7095
CFD            Long          7949          6.7113
CFD            Long          7018          6.7187
CFD            Long          3329          6.7419
CFD            Long          441           6.7452
CFD            Long          10948         6.7543

(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                         16 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