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               26 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       29,805,855     7.90%       694,720     0.18%
securities
(2) Derivatives     2,520,298     0.67%     3,652,269     0.97%
(other than
options)
(3) Options and        68,500     0.02%        68,500     0.02%
agreements to
purchase/sell
Total              32,394,653     8.58%     4,415,489     1.17%


(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      55,596               6.0398
Purchase      218,148              6.1384
Purchase      44,806               6.0137
Purchase      8,076                6.0165
Purchase      393                  5.8450
Purchase      829                  6.0239
Purchase      23,243               6.4950
Purchase      10,000               6.0362
Purchase      18,462               6.1120
Purchase      10,000               6.3350
Purchase      90,705               6.0208
Purchase      208                  6.0190
Purchase      27,953               6.1106
Purchase      44,806               6.0162
Purchase      2,204                5.8462
Sale          10,000               6.0350
Sale          150,000              Transfer
Sale          3,222                6.0369
Sale          8,877                6.0991
Sale          558                  6.0200
Sale          1,552                6.2188
Sale          23,243               6.4950
Sale          44,806               6.0162
Sale          93,886               6.1762
Sale          8,021                6.0072
Sale          1,800                6.0400
Sale          74,898               6.1039
Sale          3,900                6.0204


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         2204          5.8461
CFD            Short         8076          6.0164
CFD            Short         829           6.0238
CFD            Short         10000         6.0362
CFD            Short         55596         6.0397
CFD            Short         6725          6.0739
CFD            Short         18462         6.1119
CFD            Short         21228         6.1222
CFD            Short         218148        6.1384
CFD            Short         5458          6.202
CFD            Long          8021          6.0071
CFD            Long          3900          6.0203
CFD            Long          3222          6.0369
CFD            Long          1800          6.04
CFD            Long          8877          6.0991
CFD            Long          74898         6.1038
CFD            Long          1552          6.2187

(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                         27 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