Redemption of Notes and Cancellation of Listing

27 January 2012

BARCLAYS BANK PLC

U.S.$1,500,000,000 Floating Rate Subordinated Step-Up Callable Notes due 2017(the "Notes")

ISIN: XS0292937165

NOTICE of Redemption of Notes and Cancellation of Listing

NOTICE IS HEREBY GIVEN by Barclays Bank PLC (the "Company") that the Company will fully redeem all of the outstanding Notes on 23 March 2012 (the "Redemption Date"), in accordance with Condition 6(e) of the Notes. The outstanding Notes will be redeemed on the Redemption Date at a price equal to 100 per cent. of their principal amount plus accrued but unpaid interest from, and including, 23 December 2011 to, but excluding, the Redemption Date. Accordingly, the listing of the Notes on the Official List of the FSA and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled with effect from the close of business on the Redemption Date.