Announcement of Hedging Transactions

Announcement of Hedging Transactions

"PCP Gulf Invest 3 Ltd ("PCP3") has today entered into derivative transactions with Nomura International Plc ("Nomura") in order to protect the value of the remaining 131,602,175 warrants it holds in Barclays PLC and complete the hedging of PCP3's entire interest in Barclays PLC warrants and ordinary shares. In connection with its related hedging activities, Nomura will simultaneously execute a market placing of approximately 220 million shares.

PCP3 will exercise the 131,602,175 warrants forthwith, following which the corresponding number of shares issued upon exercise will become subject to the hedge.

The exercise and hedging mark the final completion of a strategy that locks in a significant gain on Barclays PLC shares for PCP3 while retaining further upside. PCP3 will seek to continue to maintain a close commercial and strategic relationship with Barclays in the future."