Commentary & Deal Flow

Reoffer: 4NC3: MS+70 / 100 / 3.580% 11.5NC10.5: MS+130 / 100 / 4.424%
Benchmark: 4NC3: OBL 2.1 29 #189 @ 98.354 / B+88.9bp / HR 102% 11.5NC10.5: DBR 0 15-May-36 @ 73.471 / B+130.0bp / HR 116%

Tranche 1 (4NC3): Final Books above €4.2bn. Peak book > €3.8bn
Tranche 2 (11.5NC10.5): Final Books above €5.9bn. Peak book > €5.3bn

Launched:
4NC3: €500m @ MS+70bp - Books > €3.8bn
11.5NC10.5: €1.25bn @ MS+130bp - Books > €5.3bn
Book Update: Combined books >€6bn (4NC3: >€2.5bn | 11.5NC10.5: >€3.5bn)
IPTs: 4NC3: MS+100a 11.5NC10.5: MS+160a

• Issuer: Barclays PLC
• Ticker: BACR
• LEI: 213800LBQA1Y9L22JB70
• Expected Issue Ratings: Baa1/BBB+/A (Moody's/S&P/Fitch)
• Ranking: Senior, Unsecured, Unsubordinated
• Legal Format: Reg S, Cat 2, Registered
• Size:
• • 4NC3: €500m
  • 11.5NC10.5: €1.25bn
• Settlement Date: 12-May-26 (T+5)
• Maturity Date:
• • 4NC3: 12-May-30
  • 11.5NC10.5: 12-Nov-37
• Optional Redemption Date:
• • 4NC3: Any date from (and including) the Settlement Date to (and including) the Reset Date
  • 11.5NC10.5: Any date from (and including) the Settlement Date to (and including) the Reset Date
• Reset Date:
• • 4NC3: 12-May-29
  • 11.5NC10.5: 12-Nov-36
• Coupon:
• • 4NC3: 3.580% per annum payable annually in arrear from (and including) the Settlement Date to (but excluding) the Reset Date, starting on 12-May-27
  • 11.5NC10.5: 4.433% per annum payable annually in arrear from (and including) the Settlement Date to (but excluding) the Reset Date, starting on 12-Nov-27 (long first coupon)
• Reset Coupon: If the Notes are not redeemed on or prior to the Reset Date, the Coupon will reset to a fixed rate per annum equal to the 1-year Euro Mid-Swap Rate (Mid-Swap Floating Leg Benchmark Rate: EURIBOR) plus a Margin (as further described in the Documentation)
• Denominations: €100,000 and integral multiples of €1,000 in excess thereof
• Listing: London Stock Exchange, Main Market
• Governing Law: English Law
• Waiver of Set-off: See Condition 4(c) in the Prospectus
• Make Whole Call: Yes, in whole or in part, from (and including) the Settlement Date to (but excluding) the Reset Date (4NC3: B+15 | 11.5NC10.5 B+20)
• Par Call: Yes, applicable at 100% in whole but not in part on the Reset Date
• Loss Absorption Disqualification Event Call: Applicable at par. Condition 10(f) (Loss Absorption Disqualification Event Redemption of Senior Notes) applies as described in the Prospectus
• Enforcement Events: See Condition 15 in the Prospectus
• Documentation: Issued off the Debt Issuance Programme Base Prospectus dated 24-Feb-26 as supplemented on 29-Apr-26 (the “Prospectus”)
• Target Market: MiFID II / UK MiFIR professionals/ECPs-only / No PRIIPs or UK PRIIPs KID/CCI product summary – Manufacturer target market (EU MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in the EEA or in the United Kingdom
• Selling Restrictions: As per the Prospectus
• Sole Bookrunner: Barclays Bank PLC
• ISIN:
• • 4NC3: XS3367720797
  • 11.5NC10.5: XS3367695155
• Use of Proceeds: General corporate purposes of the Issuer and its subsidiaries and/or the Group and may be used to strengthen further the capital base of the Issuer and its subsidiaries and/or the Group
• Timing: ToE 16h04 UKT | FTT 16h30 UKT
• Advertisement: The Base Prospectus dated 24-Feb-26 and Supplement dated on 29-Apr-26 are available at https://home.barclays/investor-relations/, the Final Terms, when published, will be available at www.londonstockexchange.com