Company: BCS
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001193125-25-029335
Chunk: 171

Company: BARCLAYS PLC
Filing Date: 2025-02-19
Form: 424B2
Chunk 171
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 in each case, if and to the extent then required by the Capital Regulations:

| (1) | before or at the same time as such redemption or repurchase of the contingent capital securities, we replace                                         
 such contingent capital securities with “own funds instruments” of equal or higher quality at terms that are sustainable for our income capacity; or |

| (2) | we have demonstrated to the satisfaction of the PRA that our “own funds” and “eligible                                                                                                                                                               
 liabilities” would, following such redemption or repurchase, exceed the relevant requirements for our own funds and eligible liabilities laid down in U.K. CRD and in the U.K. legislation that implemented EU Directive 2014/59/EU, as amended from 
 time to time, by a margin that the PRA considers necessary.                                                                                                                                                                                          |

(B) in the case of any such redemption or repurchase of a particular series of contingent capital securities before five years after the date of issuance of such contingent capital securities, one of the following conditions in (1), (2), (3) or (4) below being met, in each case, if and to the extent then required by the Capital Regulations:

| (1) | in the case of redemption due to the occurrence of a change in the regulatory classification of the relevant                                                                                                                                  
 contingent capital securities that does or would be likely to result in their exclusion from own funds or reclassification as own funds of lower quality (i) the PRA considers such change to be sufficiently certain and (ii) we demonstrate 
 to the satisfaction of the PRA that such regulatory reclassification was not reasonably foreseeable at the time of the issuance of the contingent capital securities; or                                                                      |

| (2) | in the case of redemption due to the occurrence of a Tax Event, we demonstrate to the satisfaction of the PRA                                
 that such Tax Event is material and was not reasonably foreseeable at the time of issuance of the relevant contingent capital securities; or |

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| (3) | before or at the same time as such redemption or repurchase of the relevant contingent capital securities, we                                                                                                                                   
 replace such contingent capital securities with own funds instruments of equal or higher quality at terms that are sustainable for our income capacity and the PRA has permitted that action on the basis of the determination that it would be 
 beneficial from a prudential point of view and justified by exceptional circumstances; or                                                                                                                                                       |

| (4) | the relevant contingent capital securities are repurchased for market making purposes. |

Notwithstanding the conditions set