Form 8.3 - INVESTEC 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
    are being disclosed:                                    BARCLAYS PLC
(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:                                                INVESTEC PLC
    Use a separate form for each
    offeror/offeree
(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:                  22 June 2010
(f) Has the discloser previously disclosed, or              YES
    are they today disclosing, under the Code
    in respect of any other party
    to this offer?
                                                            If YES, specify which:
                                                            Rensburg Sheppards Plc
                                                            Investec Ltd

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:    ORDINARY

                               Interests             Short positions
                          Number         %          Number        %
(1) Relevant
    securities
    wned and/or
    controlled:        3,324,571     0.70%       2,229,275     0.47%
(2) Derivatives
    (other
    than options):     2,204,280     0.47%         168,839     0.04%
(3) Options and
    agreements to
    purchase/sell:     1,824,200     0.39%       1,254,000     0.26%

    TOTAL:             7,353,051     1.55%       3,652,114     0.77%

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
ORD          Purchase       149             55.3700 ZAR
ORD          Purchase       150             55.1400 ZAR
ORD          Purchase       155             55.1700 ZAR
ORD          Purchase       200             55.3500 ZAR
ORD          Purchase       265             54.9700 ZAR
ORD          Purchase       355             55.4700 ZAR
ORD          Purchase       451             5.0050 GBP
ORD          Purchase       523             55.0800 ZAR
ORD          Purchase       525             55.1900 ZAR
ORD          Purchase       614             55.0700 ZAR
ORD          Purchase       669             55.3900 ZAR
ORD          Purchase       680             55.3400 ZAR
ORD          Purchase       681             54.9800 ZAR
ORD          Purchase       722             55.4500 ZAR
ORD          Purchase       805             55.4800 ZAR
ORD          Purchase       850             5.0100 GBP
ORD          Purchase       985             4.9670 GBP
ORD          Purchase       986             55.2500 ZAR
ORD          Purchase       1,000           55.2300 ZAR
ORD          Purchase       1,049           55.0000 ZAR
ORD          Purchase       1,060           55.2800 ZAR
ORD          Purchase       1,172           54.9500 ZAR
ORD          Purchase       1,180           55.2900 ZAR
ORD          Purchase       1,344           55.2600 ZAR
ORD          Purchase       1,528           55.3200 ZAR
ORD          Purchase       1,623           55.4300 ZAR
ORD          Purchase       1,694           55.0100 ZAR
ORD          Purchase       1,990           55.1300 ZAR
ORD          Purchase       2,052           55.0500 ZAR
ORD          Purchase       2,082           54.9600 ZAR
ORD          Purchase       2,266           55.2200 ZAR
ORD          Purchase       2,324           55.4200 ZAR
ORD          Purchase       2,442           55.2400 ZAR
ORD          Purchase       3,585           55.2700 ZAR
ORD          Purchase       3,600           4.9710 GBP
ORD          Purchase       6,306           4.9676 GBP
ORD          Purchase       6,496           55.1000 ZAR
ORD          Purchase       8,864           4.9661 GBP
ORD          Purchase       9,000           55.3800 ZAR
ORD          Purchase       10,835          55.5200 ZAR
ORD          Purchase       15,302          4.9730 GBP
ORD          Purchase       15,483          55.2000 ZAR
ORD          Purchase       15,563          4.9616 GBP
ORD          Purchase       17,585          4.9656 GBP
ORD          Purchase       18,628          4.9627 GBP
ORD          Purchase       18,886          55.3000 ZAR
ORD          Purchase       33,030          4.9785 GBP
ORD          Purchase       56,400          4.9610 GBP
ORD          Purchase       88,033          4.9760 GBP
ORD          Sale           2               55.3000 ZAR
ORD          Sale           23              55.2000 ZAR
ORD          Sale           41              54.9400 ZAR
ORD          Sale           66              55.5300 ZAR
ORD          Sale           74              54.8800 ZAR
ORD          Sale           115             55.3800 ZAR
ORD          Sale           126             55.3300 ZAR
ORD          Sale           149             55.3700 ZAR
ORD          Sale           200             55.3500 ZAR
ORD          Sale           220             55.0900 ZAR
ORD          Sale           479             5.0150 GBP
ORD          Sale           680             55.4000 ZAR
ORD          Sale           802             55.0500 ZAR
ORD          Sale           914             4.9649 GBP
ORD          Sale           985             4.9665 GBP
ORD          Sale           985             4.9670 GBP
ORD          Sale           1,135           55.4200 ZAR
ORD          Sale           1,302           55.2800 ZAR
ORD          Sale           1,423           55.1900 ZAR
ORD          Sale           1,753           55.0700 ZAR
ORD          Sale           1,776           55.1300 ZAR
ORD          Sale           1,906           55.3400 ZAR
ORD          Sale           2,351           4.9830 GBP
ORD          Sale           2,404           55.0600 ZAR
ORD          Sale           2,408           55.4800 ZAR
ORD          Sale           2,496           55.4100 ZAR
ORD          Sale           2,726           4.9758 GBP
ORD          Sale           2,803           54.9900 ZAR
ORD          Sale           3,088           55.2300 ZAR
ORD          Sale           3,600           4.9710 GBP
ORD          Sale           4,142           4.9789 GBP
ORD          Sale           4,704           55.2900 ZAR
ORD          Sale           6,400           4.9610 GBP
ORD          Sale           7,525           4.9778 GBP
ORD          Sale           8,400           55.5000 ZAR
ORD          Sale           10,000          55.5200 ZAR
ORD          Sale           12,287          55.0000 ZAR
ORD          Sale           32,551          4.9917 GBP
ORD          Sale           72,898          4.9737 GBP
(b)  Derivatives transactions (other than options)

Class of     Product        Nature of dealing      Number of      Price
relevant     description    e.g. opening/          reference      per unit
security     e.g. CFD       closing a long/        securities
                            short position,
                            increasing/reducing
                            a long/short position
ORD          CFD            Long                   914            4.9649 GBP
ORD          CFD            Long                   985            4.9665 GBP
ORD          CFD            Long                   2,176          55.1474 ZAR
ORD          CFD            Long                   7,525          4.9778 GBP
ORD          CFD            Long                   15,035         55.3021 ZAR
ORD          CFD            Long                   19,329         55.0190 ZAR
ORD          CFD            Long                   21,135         54.9385 ZAR
ORD          CFD            Long                   32,551         4.9917 GBP
ORD          CFD            Long                   72,898         4.9737 GBP
ORD          CFD            Long                   83,586         55.2575 ZAR
ORD          CFD            Short                  3,878          55.2958 ZAR
ORD          CFD            Short                  6,306          4.9676 GBP
ORD          CFD            Short                  11,851         55.2978 ZAR
ORD          CFD            Short                  15,302         4.9730 GBP
ORD          CFD            Short                  15,563         4.9616 GBP
ORD          CFD            Short                  19,927         55.2063 ZAR
ORD          CFD            Short                  33,030         4.9785 GBP
ORD          CFD            Short                  47,930         55.2728 ZAR
ORD          CFD            Short                  57,675         55.0681 ZAR
ORD          CFD            Short                  88,033         4.9760 GBP
(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

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



(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"




(c)  Attachments

Is a Supplemental Form 8 (Open Positions) attached?      YES


Date of disclosure:          23 Jun 2010
Contact name:                Geoff Smith
Telephone number:            020 7116 2913

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 [e-mail].
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on [phone].

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


SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO
PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Identity of the person whose positions/dealings
are being disclosed:                                       Barclays PLC.
Name of offeror/offeree in relation to whose
relevant securities this from relates:                     INVESTEC

2. OPTIONS AND DERIVATIVES

Class of   Product       Writing,      Number of    Exercise   Type       Expiry
relevant   description   purchasing,   securities   price                 date
security                 selling,      to which     per unit
                         varying etc   option
                                       relates
ORD        Futures       Purchased     550,800                            16 Sep 2010
ORD        Put Options   Purchased     19,400       47.3000    American   16 Sep 2010
ORD        Put Options   Written       -19,400      59.1300    American   16 Sep 2010
ORD        Call Options  Purchased     19,400       68.0000    American   16 Sep 2010
ORD        Put Options   Purchased     1,234,600    52.0000    American   16 Sep 2010
ORD        Call Options  Written       -1,234,600   70.0000    American   16 Sep 2010

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully
understood:


It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to
contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on [phone].
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.