Barclays PLC prices £750 million 8.625% fixed rate resetting perpetual subordinated contingent convertible securities

Offering size and pricing: Barclays PLC is issuing £750,000,000 of 8.625% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities at a price to the public of 100.000%, with 1.000% (£7,500,000) underwriting compensation and proceeds, before expenses, of £742,500,000 (99.000%).

Interest rate: The initial rate is 8.625% per annum from the November 9, 2026 issue date to March 15, 2034, payable quarterly in arrear on March 15, June 15, September 15 and December 15, beginning March 15, 2027 (long first interest period); from each reset date the rate equals the five-year sterling SONIA mid-market swap rate plus a 4.210% margin, with reset dates on March 15, 2034 and each fifth anniversary thereafter.

Interest discretion: Interest is payable only at the sole discretion of Barclays and may be cancelled in whole or in part at any time; payment is also restricted if Distributable Items are insufficient or the Solvency Condition is not satisfied, and cancelled or deemed-cancelled interest does not accumulate and is not a payment default.

Capital trigger: A Capital Adequacy Trigger Event occurs if the Group's fully loaded CET1 Ratio falls below 7.00%, triggering automatic conversion into ordinary shares at a conversion price of £1.65 per Conversion Share; the Group's fully loaded CET1 Ratio was 14.2% as at September 30, 2026.

Ranking and maturity: The securities are perpetual with no fixed maturity or fixed redemption date, constitute direct, unsecured and subordinated obligations ranking pari passu without preference among themselves and subordinated to senior creditors, and are intended to qualify as Additional Tier 1 Capital.

Redemption: Barclays may redeem at 100% of principal from September 15, 2033 to the first reset date of March 15, 2034 and in the six months preceding each later reset date, may redeem on regulatory or tax events, and may exercise a clean-up call from the fifth anniversary if 25% or less of the originally issued principal remains outstanding.

Use of proceeds: General corporate purposes of Barclays PLC and its subsidiaries and/or the Group and to strengthen further the capital base of Barclays PLC and its subsidiaries and/or the Group.