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               01 August 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       28,302,843     7.50%     2,249,008     0.60%
securities
(2) Derivatives     4,854,212     1.29%     4,691,104     1.24%
(other than
options)
(3) Options and       285,500     0.08%       285,500     0.08%
agreements to
purchase/sell
Total              33,442,555     8.86%     7,225,612     1.91%


(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      2,941                6.0275
Purchase      17,400               6.0934
Purchase      1,044                6.1055
Purchase      2,002                5.9324
Purchase      616                  5.9312
Purchase      4,784                5.9914
Purchase      3,500                6.1145
Purchase      8,314                5.9951
Purchase      4,241                6.0850
Sale          22,470               5.9779
Sale          558                  6.1000
Sale          7,013                6.1000
Sale          17,635               6.0414
Sale          36,876               5.9393
Sale          45,859               6.0633
Sale          6,000                5.9838
Sale          1,072,642            6.0347
Sale          62,121               6.0361
Sale          1,876                6.0988
Sale          87,073               6.0539

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         616           5.9311
CFD            Short         2002          5.9323
CFD            Short         4784          5.9914
CFD            Short         8314          5.995
CFD            Short         136272        6.0753
CFD            Short         4241          6.085
CFD            Short         17400         6.0934
CFD            Short         1044          6.1055
CFD            Short         3500          6.1144
CFD            Long          36876         5.9393
CFD            Long          22470         5.9778
CFD            Long          6000          5.9838
CFD            Long          4706          6.029
CFD            Long          1072642       6.0346
CFD            Long          57415         6.0367
CFD            Long          87073         6.0539
CFD            Long          45859         6.0633
CFD            Long          1876          6.0987


(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)                 YES


Date of disclosure                         02August 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

DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)

Product name,      Written or    Number of Securities to   Exercise Price   Type, e.g.     Expiry Date
e.g. call option   Purchased     which the option or       (Note 2)         American,
                                 derivative relates                         European etc.
Option             Purchased               -217,000               7.7112         EURO       03/08/2007
Option             Purchased                -68,500               7.7877         EURO       03/08/2007
Option             Purchased                217,000               7.7112         EURO       03/08/2007
Option             Purchased                 68,500               7.7877         EURO       03/08/2007

Notes
1. Where there are open option positions or open derivative positions (except for CFD's), full details should be given.
Full details of any existing agreements to purchase or to sell should also be given on this form.
2. For all prices and other monetary amounts, the currency must be stated.
For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the
Takeover Panel's website at www.thetakeoverpanel.org.uk