Company: BCS
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001193125-25-172249
Chunk: 28

Company: BARCLAYS PLC
Filing Date: 2025-08-04
Form: 424B2
Chunk 28
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 Framework”) require the largest U.K. banks (including the Group) to carry out realistic assessments of their preparations for resolution.
Summaries of the same and the Bank of England’s assessment of such preparations are disclosed publicly. The outcomes of complying with the Resolvability Assessment Framework from time to time and any possible regulatory or other actions
deriving thereof may affect the way in which the Issuer and/or the Group is perceived by the market, which in turn may affect the value of the notes.

A summary of the Group’s latest assessment and the Bank of England’s assessment thereof was published on August 6, 2024.
Although the Bank of England’s assessment concluded that there are no shortcomings, deficiencies or substantive impediments identified in the Group’s resolution capabilities that could impede its ability to execute the preferred resolution
strategy, the Group will continue to work with the Bank of England, along with the Group’s other regulators and resolution authorities globally, to maintain and enhance its resolvability capabilities and operational preparedness for resolution.
The Bank of England identified three areas for further enhancement with respect to Valuations in Resolution, Operational Continuity in Resolution and Restructuring, which will form part of the Group’s continued work in delivering on its broader
commitment to further embed, test and refine the Group’s resolution capabilities and operational preparedness for resolution.

For
further details on these matters, see the section entitled “Risk review—Supervision and regulation” on pages 308-320 of the 2024 Form 20-F.

Waiver of set-off

Holders of the notes waive any right of set-off, compensation, counterclaim, retention and netting in
relation to the notes insofar as permitted by applicable law. Therefore, holders of the notes will not be entitled (subject to applicable law) to exercise, claim or plead any right of set-off, compensation,
counterclaim, retention or netting in respect of the Issuer’s obligations under the notes against obligations owed to them by the Issuer. Holders of the notes may therefore be required to initiate separate proceedings to recover amounts in
respect of any counterclaim and may receive a lower recovery in the event of a winding-up or administration of the Issuer than if set-off, compensation, counterclaim,
retention or netting were permitted.

Changes in law may adversely affect the rights of holders and the market value of the notes.

Changes in law after the date hereof may affect the rights of holders as well as the market value of the notes.