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               31 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       29,618,124     7.85%       991,376     0.26%
securities
(2) Derivatives     3,519,295     0.93%     4,512,931     1.20%
(other than
options)
(3) Options and       285,500     0.08%       285,500     0.08%
agreements to
purchase/sell
Total              33,422,919     8.85%     5,789,807     1.53%


(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      9,510                6.1636
Purchase      354                  6.1950
Purchase      4,534                6.1808
Purchase      6,208                6.1950
Purchase      22,434               6.1354
Purchase      222,131              6.1950
Purchase      9,510                6.1636
Purchase      27,987               6.1101
Purchase      21,026               6.1248
Purchase      1,953                6.1950
Purchase      2,457                6.1772
Purchase      3,683                6.1696
Purchase      5,062                6.0012
Purchase      1,500                6.1443
Purchase      9,033                6.1950
Purchase      3,000                6.1593
Purchase      12,841               6.1938
Purchase      9,033                6.1392
Sale          9,033                6.1950
Sale          1,200                6.1642
Sale          1,966                6.1950
Sale          584                  Transfer
Sale          7,096                6.1625
Sale          3,496                6.1938
Sale          6,015                6.1312
Sale          2,002                6.2238
Sale          177,006              6.1749
Sale          15,871               6.1950
Sale          11,710               6.1588
Sale          8,761                6.1950
Sale          1,953                6.1950
Sale          2,347                6.1950
Sale          3,661                6.1688
Sale          9,510                6.1636

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         5062          6.0011
CFD            Short         27987         6.1101
CFD            Short         15744         6.1631
CFD            Short         9510          6.1636
CFD            Short         3683          6.1696
CFD            Short         2457          6.1771
CFD            Short         4534          6.1808
CFD            Short         12841         6.1938
CFD            Short         226037        6.195
CFD            Long          4000          6.1519
CFD            Long          11710         6.1587
CFD            Long          1200          6.1642
CFD            Long          3661          6.1687
CFD            Long          177006        6.1749
CFD            Long          3096          6.176
CFD            Long          3496          6.1937
CFD            Long          1953          6.195
CFD            Long          2002          6.2237


(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                         01 August 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