Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 49

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 49
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 Benchmark.

Notwithstanding any other provision of “Benchmark Transition
Provisions” set forth above, no Benchmark Replacement will be adopted, nor will the applicable Benchmark Replacement Adjustment be applied, nor will any Benchmark Replacement Conforming Changes be made, if in our determination, the same could
reasonably be expected to prejudice the qualification of the notes as own funds instruments for the purposes of the Capital Regulations.

Notwithstanding the foregoing, no Benchmark Replacement will be adopted if and to the extent that the Issuer determines, in its sole
discretion, that such Benchmark Replacement prejudices, or could reasonably be expected to prejudice, after the application of the applicable Benchmark Replacement Adjustment, the Benchmark Replacement Conforming Changes and the further decisions
and determinations as set out under this section “—Benchmark Transition Provisions”, the then current eligible liabilities qualification of the notes, in each case for the purposes of and in accordance with the Capital
Regulations (“Derecognition Risk”).

Agreement with Respect to the Benchmark Replacement

By its acquisition of the notes, each noteholder (which, for these purposes, includes each beneficial owner) (i) will acknowledge, accept,
consent and agree to be bound by our or our designee’s determination of a Benchmark Transition Event, a Benchmark Replacement Date, the Benchmark Replacement, the Benchmark Replacement Adjustment and any Benchmark Replacement Conforming
Changes, including as may occur without any prior notice from us and without the need for us to obtain any further consent from such noteholder, (ii) will waive any and all claims, in law and/or in equity, against the Trustee, any paying agent
and the Calculation Agent or our designee for, agree not to initiate a suit against the Trustee, any paying agent and the Calculation Agent or our designee in respect of, and agree that none of the Trustee, any paying agent or the Calculation Agent
or our designee will be liable for, the determination of or the failure to determine any

S-45

Benchmark Transition Event, any Benchmark Replacement Date, any Benchmark Replacement, any Benchmark Replacement Adjustment and any Benchmark Replacement Conforming Changes, and any losses
suffered in connection therewith and (iii) will agree that none of the Trustee, any paying agent or the Calculation Agent or our designee will have any obligation to determine any Benchmark Transition Event, any Benchmark Replacement Date, any
Benchmark Replacement, any Benchmark Replacement Adjustment and any Benchmark Replacement Conforming Changes (including any adjustments thereto), including in the event of any failure by