Form 8.3 - INVESTEC LIMITED

LONDON--(BUSINESS WIRE)--

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: Use a separate form for each offeror/offeree	INVESTEC LIMITED
(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:	19 September 2011
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?	YES: EVOLUTION GROUP PLC 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:		ORD
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	1,272,027	0.46%	1,075,970	0.39%
(2)	Derivatives (other than
	options):	120,759	0.04%	280,969	0.10%
(3)	Options and agreements to
	purchase/sell:	467,200	0.17%	0	0.00%
(4)	TOTAL:
		1,859,986	0.67%	1,356,939	0.49%

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 relevant	Purchase/sale	Number of	Price per unit
security		securities
ORD	Purchase	35	47.8500 ZAR
ORD	Purchase	47	47.9900 ZAR
ORD	Purchase	91	47.7100 ZAR
ORD	Purchase	93	47.8300 ZAR
ORD	Purchase	97	47.7900 ZAR
ORD	Purchase	122	47.8800 ZAR
ORD	Purchase	332	47.7400 ZAR
ORD	Purchase	525	47.5400 ZAR
ORD	Purchase	529	47.4400 ZAR
ORD	Purchase	700	47.7800 ZAR
ORD	Purchase	805	47.4000 ZAR
ORD	Purchase	941	47.6400 ZAR
ORD	Purchase	1,057	47.6600 ZAR
ORD	Purchase	1,271	47.5600 ZAR
ORD	Purchase	1,694	47.8000 ZAR
ORD	Purchase	2,040	47.4500 ZAR
ORD	Purchase	2,140	47.6900 ZAR
ORD	Purchase	3,000	47.4800 ZAR
ORD	Purchase	3,000	47.7500 ZAR
ORD	Purchase	3,028	47.8900 ZAR
ORD	Purchase	3,759	47.8200 ZAR
ORD	Purchase	5,324	47.7000 ZAR
ORD	Purchase	7,923	47.5500 ZAR
ORD	Purchase	10,610	47.9000 ZAR
ORD	Purchase	11,228	47.8400 ZAR
ORD	Purchase	11,450	47.8192 ZAR
ORD	Sale	1	48.2700 ZAR
ORD	Sale	97	47.6700 ZAR
ORD	Sale	496	47.6300 ZAR
ORD	Sale	525	47.8700 ZAR
ORD	Sale	967	47.7900 ZAR
ORD	Sale	1,001	47.8900 ZAR
ORD	Sale	1,146	47.8500 ZAR
ORD	Sale	1,166	48.2400 ZAR
ORD	Sale	1,585	47.6200 ZAR
ORD	Sale	1,871	47.6500 ZAR
ORD	Sale	11,450	47.8192 ZAR

(b) Derivatives transactions (other than options)

Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security			securities
ORD	CFD	Long	1	48.2600 ZAR
ORD	CFD	Long	1,064	47.7637 ZAR
ORD	CFD	Long	1,166	48.2245 ZAR
ORD	CFD	Long	2,672	47.8497 ZAR
ORD	CFD	Long	3,952	47.6202 ZAR
ORD	CFD	Long	31,852	47.6814 ZAR
ORD	CFD	Short	169	47.8153 ZAR
ORD	CFD	Short	4,865	47.7986 ZAR
ORD	CFD	Short	8,855	47.7908 ZAR
ORD	CFD	Short	26,818	47.6623 ZAR

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Product description e.g. call option

Number of securities

Exercise price per unit

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

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

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?	YES
Date of disclosure:	20 Sep 2011
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 person whose open positions are being disclosed:	Barclays PLC.
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	INVESTEC LIMITED

2. OPTIONS AND DERIVATIVES

Class	Product	Writing,	Number	Exercise	Type	Expiry
of	description	purchasing,	of	price		date
relevant		selling,	securities	per unit
security		varying etc	to which
			option
			relates
ORD	Call Options	Purchased	467,200	6,956.0000	American	15 Dec 2011

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.

Category Code: RET

Sequence Number: 290601

Time of Receipt (offset from UTC): 20110920T120929+0100