Conversion of Securities

Exercise by PCP Gulf Invest 3 Limited of certain warrants in Barclays PLC

PCP Gulf Invest 3 Limited ("PCP3") announces its exercise today of 626,835,443 of the 758,437,618 warrants it holds in Barclays PLC for an aggregate exercise price of approximately GBP 1,240m.

Following such exercise and once the ordinary shares in Barclays PLC resulting from such exercise are issued, PCP3 will continue to have an interest in 6.3% of Barclays PLC through a combination of interests in shares and warrants. PCP3 has no plans to sell such shares.

Mr Ali Jassim representing PCP3 said: "We continue to have a high regard for Barclays and we will seek to continue to maintain a close commercial and strategic relationship with Barclays in the future."

-ENDS-