Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 154

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 154
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“before distributions to holders of Parity Securities, the contingent capital securities or any Junior Securities.” Under U.K. CRD, as at the date hereof, “distributable items” means the amount of the profits at the end of the
last financial year plus any profits brought forward and reserves available for that purpose before distributions to holders of own funds instruments less any losses brought forward, any profits which are
non-distributable pursuant to the law of the United Kingdom, or any part of it, or of a third country or the institution’s by-laws and any sums placed to non-distributable reserves in accordance with the law of the United Kingdom, or any part of it, or of a third country or the statutes of the institution, in each case with respect to the specific category of own
fund instruments to which the law of the United Kingdom, or any part of it, or of a third country or the institution’s by-laws or statutes relate, such profits, losses and reserves being determined on the
basis of the individual accounts of the institution and not on the basis of the consolidated accounts.

“Junior Securities”
means any ordinary shares, securities or other obligations (including any guarantee, credit support or similar undertaking) of the Issuer ranking, or expressed to rank, junior to the relevant series of contingent capital securities in a winding-up or administration of the Issuer.

“Parity Securities” means any preference shares,
securities or other obligations (including any guarantee, credit support or similar undertaking) of the Issuer ranking, or expressed to rank, pari passuwith the relevant series of contingent capital securities in a winding-up or administration of the Issuer.

See also “—Agreement to Interest
Cancellation” and “—Notice of Interest Cancellation” below.

-31-

Agreement to Interest Cancellation

By subscribing for, purchasing or otherwise acquiring the contingent capital securities, holders of the contingent capital securities
acknowledge and agree that:

(a) interest is payable solely at the discretion of the Issuer, and no amount of interest
shall become due and payable in respect of the relevant interest period to the extent that it has been (x) cancelled (in whole or in part) by the Issuer at its sole discretion and/or (y) deemed cancelled (in whole or in part) as a result
of us having insufficient Distributable Items or failing to satisfy the Solvency Condition; and

(b) a cancellation or
deemed cancellation of interest (in each case, in whole