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Wednesday 21 April, 2010

Gruss Asset Man

Form 8.3 - Rensberg Sheppards Plc

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1.   KEY INFORMATION

(a) Identity of the person whose
    positions/dealings                              Gruss Asset
    are being disclosed:                            Management LLP
(b) Owner or controller of interests and short
    positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies
    is insufficient
(c) Name of offeror/offeree in relation to
    whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    Rensburg
                                                    Sheppards Plc
(d) If an exempt fund manager connected with an
    offeror/offeree, state this and specify
    identity of offeror/offeree:
(e) Date position held/dealing undertaken:          20th April 2010
(f) Has the discloser previously disclosed, or are
    they today disclosing, under the Code in        YES
    respect of any other party to this offer?       If YES, specify
                                                    which:
                                                    Investec Plc

2.   POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)  Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

                      Interests             Short positions
                      Number     %          Number     %
(1) Relevant
    securities
    owned and/or
    controlled:
(2) Derivatives       1,311,757  2.99%
    (other
    than options):
(3) Options and
    agreements to
    purchase/sell:

    TOTAL:            1,311,757  2.99%


All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or
sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).

(b)  Rights to subscribe for new securities (including directors' and other
executive options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class
of relevant securities of the offeror or offeree named in 1(c), copy table 2(a)
or (b) (as appropriate) for each additional class of relevant security.

3.   DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)  Purchases and sales

       Class of     Purchase/sale       Number of       Price per
       relevant                        securities            unit
       security


(b)  Derivatives transactions (other than options)

   Class of        Product        Nature of      Number of       Price
   relevant    description          dealing      reference    per unit
   security       e.g. CFD    e.g. opening/     securities
                            closing a long/
                            short position,
                                increasing/
                                   reducing
                               a long/short
                                   position
Ordinary     CFD           Increasing a      40,000         851.50p
Shares                     long position



(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

 Class of     Product    Writing,      Number   Exercise      Type  Expiry Option
 relevant                                  of      Price      e.g.    date  Money
 security description  purchasing               per unit                    paid/
                 e.g.           ,  securities             American         receiv
                 call    selling,    to which                    ,             ed
               option     varying      option                                 per
                             etc.     relates             European           unit
                                                              etc.


(ii) Exercising

      Class of        Product       Number of        Exercise
      relevant    description      securities           price
      security      e.g. call                        per unit
                       option

(d)  Other dealings (including subscribing for new securities)

       Class of        Nature of         Details        Price per
       Relevant     dealing e.g.                             unit
       security    subscription,                  (if applicable)
                      conversion
The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of
the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

4.   OTHER INFORMATION

(a)  Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may be
an inducement to deal or refrain from dealing entered into by the person making
the disclosure and any party to the offer or any person acting in concert with a
party to the offer:
If there are no such agreements, arrangements or understandings, state "none"

None

(b)  Agreements, arrangements or understandings relating to options or
derivatives

Details of any agreement, arrangement or understanding, formal or informal,
between the person making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"

None


(c)  Attachments

Is a Supplemental Form 8 (Open Positions) attached?    NO


Date of disclosure:   21st April 2010
Contact name:         Paul Lodge
Telephone number:     +44 207 493 3004

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
[email protected]  The Panel's Market Surveillance Unit is available
for consultation in relation to the Code's dealing disclosure requirements on
+44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.                               

a d v e r t i s e m e n t