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               17 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       28,428,856     7.53%       989,083     0.26%
securities
(2) Derivatives     1,821,270     0.48%     1,404,303     0.37%
(other than
options)
(3) Options and         1,416     0.00%         1,416     0.00%
agreements to
purchase/sell
Total              30,251,542     8.02%     2,394,802     0.63%


(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      276                  6.7990
Purchase      5,806                6.6513
Purchase      368                  6.6500
Purchase      743                  6.7500
Purchase      308                  6.6500
Purchase      7,009                6.6864
Purchase      12,000               6.7700
Purchase      21,117               6.6971
Purchase      10,375               6.7003
Purchase      14,368               6.6751
Purchase      1,441                6.6800
Purchase      2,612                6.7800
Purchase      638                  6.7008
Purchase      74,564               6.7011
Purchase      21,117               6.6978
Purchase      12,625               6.6931
Sale          1,441                6.6841
Sale          167,574              6.7043
Sale          152                  6.7300
Sale          7,440                6.6821
Sale          12,000               6.7700
Sale          21,117               6.6971
Sale          12,000               6.7000
Sale          22,026               6.7307
Sale          500                  6.7450
Sale          1,441                6.6800

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         5806          6.6513
CFD            Short         14368         6.6751
CFD            Short         7009          6.6863
CFD            Short         638           6.7008
CFD            Long          167574        6.7043
CFD            Long          907           6.7143
CFD            Long          21119         6.7313
CFD            Long          500           6.745

(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                         18 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