Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 121

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 121
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. CRD, the Issuer may cancel (in whole or in part) any interest payment at its discretion and may pay dividends on its ordinary or preference shares notwithstanding such cancellation. In addition, the Issuer may use such cancelled payments
without restriction to meet its obligations as they fall due.

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See also “—Agreement to Interest Cancellation,” “—Notice of
Interest Cancellation” and “—Interest Cancellation Following a Contingent Capital Regulatory Event” below.

Restriction on Interest Payments

Unless the relevant prospectus supplement provides otherwise, subject to the extent permitted in the following paragraph in
respect of partial interest payments, the Issuer shall not make an interest payment on the relevant series of contingent capital securities on any interest payment date (and such interest payment shall therefore be deemed to have been cancelled and
thus shall not be due and payable on such interest payment date) if:

(a) the Issuer has an amount of Distributable Items
on such interest payment date that is less than the sum of (i) all distributions or interest payments made or declared by the Issuer since the end of the last financial year and prior to such interest payment date on or in respect of any Parity
Securities, the relevant series of contingent capital securities and any Junior Securities and (ii) all distributions or interest payments payable by the Issuer (and not cancelled or deemed cancelled) on such interest payment date (x) on
the relevant series of contingent capital securities and (y) on or in respect of any Parity Securities, in the case of each of (i) and (ii), excluding any payments already accounted for in determining the Distributable Items; or

(b) the Solvency Condition (as defined under “—Ranking of Contingent Capital Securities” below) is not satisfied
in respect of such interest payment.

The Issuer may, in its sole discretion, elect to make a partial interest payment on the relevant
series of contingent capital securities on any interest payment date, only to the extent that such partial interest payment may be made without breaching the restriction in the preceding paragraph.

The Issuer will be responsible for determining compliance with this restriction on interest payments and neither the trustee nor any agent
shall be required to monitor such compliance or to perform any calculations in connection therewith.

“Distributable Items”
shall have the meaning assigned to such term in the Capital Regulations, but amended so that for so long as there is any reference therein to “before distributions to holders of own funds