10th Oct 2008 10:07
10 October 2008
BARCLAYS PLC
Further comment on UK Government announcement
Further to its recent statement, Barclays confirms that it is considering a number of options, including capital raising, relating to the industry-wide commitment to increase Tier 1 Capital in the sector by an aggregate £25 billion, as announced by the UK Government on 8 October 2008. The agreement between the industry and the UK Government is that the additional capital will be raised by the end of 2008. Barclays will update the market on its plans in accordance with this timetable
-ENDS-
For further information please contact:
Investor Relations Media Relations
Mark Merson Alistair Smith
+44 (0) 20 7116 5752 +44 (0) 20 7116 6132
John McIvor
+44 (0) 20 7116 2929
About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the United States, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people. Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.
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