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               30 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       29,508,079     7.82%       877,301     0.23%
securities
(2) Derivatives     3,311,171     0.88%     4,205,076     1.11%
(other than
options)
(3) Options and       285,500     0.08%       285,500     0.08%
agreements to
purchase/sell
Total              33,104,750     8.77%     5,367,877     1.42%


(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      433                  6.0062
Purchase      5,185                6.0155
Purchase      2,025                5.9959
Purchase      213                  5.9744
Purchase      620                  5.7500
Purchase      119,653              5.9920
Purchase      1,019                6.0044
Purchase      1,241                5.9862
Purchase      3,777                6.0010
Purchase      3,777                5.9976
Purchase      1,900                5.9911
Purchase      42,984               6.0156
Sale          3,777                5.9976
Sale          433                  5.9938
Sale          9,510                5.9940
Sale          9,921                6.0080
Sale          10,462               5.9938
Sale          70,953               5.9746
Sale          3,267                5.9950
Sale          1,526                5.9988
Sale          438                  5.9400


(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         1241          5.9862
CFD            Short         1900          5.991
CFD            Short         119653        5.9919
CFD            Short         2025          5.9958
CFD            Short         433           6.0062
CFD            Short         5185          6.0155
CFD            Long          70953         5.9746
CFD            Long          10895         5.9938
CFD            Long          9510          5.9939
CFD            Long          1526          5.9988
CFD            Long          9921          6.0079


(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                         31 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