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               25 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       29,675,189     7.86%       618,150     0.16%
securities
(2) Derivatives     2,418,028     0.64%     3,305,543     0.88%
(other than
options)
(3) Options and             4    0.00%              4     0.00%
agreements to
purchase/sell
Total              32,093,221    8.50%      3,923,697     1.04%


(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      8,801                6.2910
Purchase      11,136               6.4096
Purchase      131,608              6.2752
Purchase      6,660                6.3384
Purchase      96,066               6.4950
Purchase      1,552                6.3763
Purchase      10,000               6.3363
Purchase      96,089               6.3776
Sale          15,505               6.3337
Sale          10,000               6.3350
Sale          23,243               6.4950
Sale          2,400                6.4014
Sale          3,907                6.3798
Sale          96,066               6.4950
Sale          90,679               6.4045
Sale          96,066               6.4950
Sale          15,786               6.3505
Sale          34,702               6.4010
Sale          16,760               6.3423


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         609           6.2455
CFD            Short         131608        6.2751
CFD            Short         8801          6.291
CFD            Short         10000         6.3362
CFD            Short         6051          6.3477
CFD            Short         3079          6.365
CFD            Short         1552          6.3762
CFD            Short         96089         6.3775
CFD            Short         11136         6.4096
CFD            Long          4760          6.3034
CFD            Long          15505         6.3337
CFD            Long          15786         6.3504
CFD            Long          12000         6.3577
CFD            Long          3907          6.3798
CFD            Long          34702         6.4009
CFD            Long          2400          6.4013
CFD            Long          90679         6.4044

(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                         26 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