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               18 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       28,670,092     7.60%       768,116     0.20%
securities
(2) Derivatives     1,887,277     0.50%     1,664,943     0.44%
(other than
options)
(3) Options and           667     0.00%           667     0.00%
agreements to
purchase/sell
Total              30,558,036     8.10%     2,433,726     0.64%


(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      2,754                6.6523
Purchase      15,250               6.6698
Purchase      6,285                6.5850
Purchase      69,349               6.6672
Purchase      1,091                6.5863
Purchase      19,209               6.6616
Purchase      599                  6.6560
Purchase      11,325               6.6688
Purchase      600                  6.6158
Purchase      260                  6.7860
Purchase      15,831               6.6700
Purchase      159,690              6.6620
Purchase      5,000                6.6750
Sale          4,168                6.6622
Sale          6,000                6.6687
Sale          18,501               6.6553
Sale          26,492               6.6462
Sale          5,000                6.6737
Sale          5,842                6.6337
Sale          4                    6.6650



(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         1091          6.5863
CFD            Short         600           6.6158
CFD            Short         2754          6.6522
CFD            Short         159690        6.662
CFD            Short         69349         6.6671
CFD            Short         11325         6.6688
CFD            Short         15831         6.6699
CFD            Long          5842          6.6336
CFD            Long          26492         6.6462
CFD            Long          15747         6.6543
CFD            Long          2754          6.661
CFD            Long          4168          6.6621
CFD            Long          4             6.665
CFD            Long          6000          6.6686
CFD            Long          5000          6.6736

(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                         19 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