Document:

EX-4.2

 Exhibit 4.2 
  

 
  

BARCLAYS PLC, 
 Issuer, 

THE BANK OF NEW YORK MELLON, LONDON BRANCH, 

Trustee 
 and 

THE BANK OF NEW YORK MELLON SA/NV, LUXEMBOURG BRANCH, 

as Contingent Convertible Security Registrar 
  

 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of August 14, 2018 
  

 
 To the
Contingent Convertible Securities Indenture, dated as of August 14, 2018, 
 Among Barclays PLC, 

The Bank of New York Mellon, London Branch, Trustee 

and 
 The Bank of New York Mellon
SA/NV, Luxembourg Branch, 
 Contingent Convertible Security Registrar 

$2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent 

Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) 

 
  

 

 BARCLAYS PLC 

Reconciliation and tie between Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990, and this First Supplemental Indenture, dated
as of August 14, 2018. 
  

			
	 Trust Indenture Act Section
	  	 Indenture
Section*

	§310 (a)(1)	  	6.09
	         (a)(2)	  	6.09
	         (a)(3)	  	Not Applicable
	         (a)(4)	  	Not Applicable
	         (b)	  	6.08, 6.10
	         (c)	  	Not Applicable
	§311 (a)	  	6.13
	         (b)	  	6.13
	         (c)	  	Not Applicable
	§312 (a)	  	7.01, 7.02(a)
	         (b)	  	7.02(b)
	         (c)	  	7.02(c)
	§313 (a)	  	7.03(a)
	         (b)	  	7.03(a)
	         (c)	  	1.06, 7.03(a)
	         (d)	  	7.03(b)
	§314 (a)	  	7.04, 10.06
	         (b)	  	Not Applicable
	         (c)(1)	  	1.02
	         (c)(2)	  	1.02
	         (c)(3)	  	Not Applicable
	         (d)	  	Not Applicable
	         (e)	  	1.02
	         (f)	  	Not Applicable
	§315 (a)	  	6.01, 6.03
	         (b)	  	6.02
	         (c)	  	5.05, 6.01
	         (d)(1)	  	6.01, 6.03
	         (d)(2)	  	6.01, 6.03
	         (e)	  	5.15
	§316 (a)(1)(A)	  	5.08, 5.13
	         (a)(1)(B)	  	5.14
	         (a)(2)	  	Not Applicable
	         (a)(last sentence)	  	1.01
	         (b)	  	5.09

  

	*	 Section numbers refer to the Base Indenture unless otherwise indicated. 

			
	§317 (a)(1)	  	5.03
	         (a)(2)	  	5.05
	         (b)	  	10.03
	§318 (a)	  	1.07

 NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of this First Supplemental Indenture or
the Contingent Convertible Securities Indenture. 

  
 - ii - 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL	  			
	APPLICATION	 
			
	 SECTION 1.01
	 	 Definitions
	  	 	2	 
	 SECTION 1.02
	 	 Effect of Headings
	  	 	17	 
	 SECTION 1.03
	 	 Separability Clause
	  	 	18	 
	 SECTION 1.04
	 	 Benefits of Instrument
	  	 	18	 
	 SECTION 1.05
	 	 Relation to Base Indenture
	  	 	18	 
	 SECTION 1.06
	 	 Construction and Interpretation
	  	 	18	 
	
	ARTICLE II	 
	
	 $2,500,000,000 7.750% FIXED RATE RESETTING PERPETUAL

SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES (CALLABLE

SEPTEMBER 15, 2023 AND EVERY FIVE YEARS THEREAFTER)
	  

 

 

			
	 SECTION 2.01
	 	 Creation of Series; Establishment of Form
	  	 	19	 
	 SECTION 2.02
	 	 Interest
	  	 	20	 
	 SECTION 2.03
	 	 Payment of Principal, Interest and Other Amounts
	  	 	23	 
	 SECTION 2.04
	 	 Optional Redemption
	  	 	23	 
	 SECTION 2.05
	 	 Optional Tax Redemption
	  	 	24	 
	 SECTION 2.06
	 	 Regulatory Event Redemption
	  	 	25	 
	 SECTION 2.07
	 	 Notice of Redemption
	  	 	25	 
	 SECTION 2.08
	 	 Automatic Conversion upon Capital Adequacy Trigger Event
	  	 	25	 
	 SECTION 2.09
	 	 Conversion Shares
	  	 	29	 
	 SECTION 2.10
	 	 Conversion Shares Offer
	  	 	30	 
	 SECTION 2.11
	 	 Settlement Procedure
	  	 	32	 
	 SECTION 2.12
	 	 Failure to Deliver a Conversion Shares Settlement Notice
	  	 	33	 
	 SECTION 2.13
	 	 Additional Amounts and FATCA Withholding Tax
	  	 	34	 
	
	 ARTICLE III

 
 ANTI-DILUTION
	 

			
	 SECTION 3.01
	 	 Adjustment of Conversion Price and Conversion Shares Offer Price
	  	 	34	 
	 SECTION 3.02
	 	 No Retroactive Adjustments
	  	 	38	 
	 SECTION 3.03
	 	 Decision of an Independent Financial Advisor
	  	 	38	 
	 SECTION 3.04
	 	 Rounding Down and Notice of Adjustment to the Conversion Price and the Conversion Shares Offer
Price
	  	 	38	 
	 SECTION 3.05
	 	 Qualifying Takeover Event
	  	 	39	 

  
 - iii - 

							
	 ARTICLE IV

 
 MISCELLANEOUS PROVISIONS
	 

			
	 SECTION 4.01
	 	 Effectiveness
	  	 	40	 
	 SECTION 4.02
	 	 Original Issue
	  	 	40	 
	 SECTION 4.03
	 	 Ratification and Integral Part
	  	 	40	 
	 SECTION 4.04
	 	 Priority
	  	 	41	 
	 SECTION 4.05
	 	 Successors and Assigns
	  	 	41	 
	 SECTION 4.06
	 	 Counterparts
	  	 	41	 
	 SECTION 4.07
	 	 Governing Law
	  	 	41	 

  

					
	 EXHIBIT A – Form of Global Security
	  	 	A-1	 
	 EXHIBIT B – Form of Automatic Conversion Notice
	  	 	B-1	 
	 EXHIBIT C – Form of Capital Adequacy Trigger Event Officers’ Certificate
	  	 	C-1	 
	 EXHIBIT D – Form of Conversion Shares Offer Notice
	  	 	D-1	 
	 EXHIBIT E – Form of Conversion Shares Settlement Request Notice
	  	 	E-1	 

  
 - iv - 

 FIRST SUPPLEMENTAL INDENTURE, dated as of August 14, 2018 (the “First
Supplemental Indenture”), among BARCLAYS PLC, a public limited company registered in England and Wales (herein called the “Company”), having its registered office at 1 Churchill Place, London E14 5HP, United Kingdom, THE
BANK OF NEW YORK MELLON, LONDON BRANCH, a New York banking corporation, as Trustee (herein called the “Trustee”), having its Corporate Trust Office at One Canada Square, London E14 5AL, United Kingdom and THE BANK OF NEW YORK MELLON
SA/NV, LUXEMBOURG BRANCH, as Contingent Convertible Security Registrar, having an office at 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg (herein called the
“Contingent Convertible Security Registrar”), to the CONTINGENT CONVERTIBLE SECURITIES INDENTURE, dated as of August 14, 2018 among the Company, the Trustee and the Contingent Convertible Security Registrar, as amended and
supplemented from time to time (the “Base Indenture” and, together with this First Supplemental Indenture, the “Indenture”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company, the Trustee and the Contingent Convertible Security Registrar are parties to the Base Indenture, which provides for the
issuance by the Company from time to time of Contingent Convertible Securities in one or more series; 
 WHEREAS, Section 9.01(f) of
the Base Indenture permits supplements thereto without the consent of Holders of Contingent Convertible Securities to establish the form or terms of Contingent Convertible Securities of any series as permitted by Sections 2.01 and 3.01 of the Base
Indenture; 
 WHEREAS, as contemplated by Section 3.01 of the Base Indenture, the Company intends to issue a new series of Contingent
Convertible Securities to be known as the Company’s “$2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter)” (the
“Securities”) under the Indenture; 
 WHEREAS, the Company has taken all necessary corporate action to authorize the
execution and delivery of this First Supplemental Indenture; 

  
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 NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and the Trustee mutually agree as follows with regard to the Securities: 
 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 1.01    Definitions. 

Except as otherwise expressly provided or unless the context otherwise requires, all terms used in this First Supplemental Indenture that are
defined in the Base Indenture shall have the meanings ascribed to them in the Base Indenture. The following terms used in this First Supplemental Indenture have the following respective meanings with respect to the Securities only: 

“Acquirer” means the Takeover Person that controls the Company following a Takeover Event. For the purposes of
this definition, “control” means the acquisition or holding of legal or beneficial ownership of more than 50% of the votes which may ordinarily be cast on a poll at a general meeting of the Company or the right to appoint or remove a
majority of the board of directors of the Company. 
 “Additional Tier 1 Capital” means (i) perpetual
subordinated capital instruments that meet the requirements set out in CRD IV to ensure that they are sufficiently loss absorbent on a “going concern” basis (i.e., capital that absorbs losses enabling the relevant credit institution to
avoid insolvency) and (ii) the share premium account related to such instruments. 
 “Adjustment
Spread” means a spread (which may be positive or negative) or formula or methodology for calculating a spread, which the Independent Adviser (as defined below) (in consultation with the Company) or the Company (as applicable), determines is
required to be applied to the Successor Rate or the Alternative Reference Rate (as applicable) in order to reduce or eliminate, to the extent reasonably practicable in the circumstances, any economic prejudice or benefit (as applicable) to holders
of the Securities as a result of the replacement of the Mid-Market Swap Rate with the Successor Rate or the Alternative Reference Rate (as applicable) and is the spread, formula or methodology which: 

 

	 	(i)	 in the case of a Successor Rate, is formally recommended in relation to the replacement of the Mid-Market Swap Rate with the Successor Rate by any Relevant Nominating Body; or 

  

	 	(ii)	 in the case of a Successor Rate for which no such recommendation has been made or in the case of an Alternative
Reference Rate, the Independent Adviser (in consultation with the Company) or the Company (as applicable) determines is recognised or acknowledged as being in customary market usage in international debt capital markets transactions which reference
the Mid-Market Swap Rate, where such rate has been replaced by the Successor Rate or the Alternative Reference Rate (as applicable); or 

  
 - 2 - 

	 	(iii)	 if no such customary market usage is recognised or acknowledged, the Independent Adviser (in consultation with
the Company) or the Company in its discretion (as applicable), determines (acting in good faith and in a commercially reasonable manner) to be appropriate. 

“Alternative Reference Rate” means the rate that the Independent Adviser or the Company (as applicable)
determines in its discretion has replaced the Mid-Market Swap Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds
denominated in U.S. dollars and of a comparable duration to the relevant interest period, or, if the Independent Adviser or the Company (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Company
(as applicable) determines in its discretion (acting in good faith and in a commercially reasonable manner) is most comparable to the Mid-Market Swap Rate. 

“Approved Entity” means a body corporate which, on the occurrence of the Takeover Event, has in issue Approved
Entity Shares. On and after the date of a Qualifying Takeover Event, references herein to “Ordinary Shares” shall be read as references to “Approved Entity Shares.” 

“Approved Entity Shares” means ordinary shares in the capital of a body corporate that constitutes Equity
Share Capital or the equivalent (or depository or other receipts representing the same) which are listed and admitted to trading on a Recognized Stock Exchange. In relation to an Automatic Conversion in respect of which the Conversion Date falls on
or after the QTE Effective Date, references herein to “Conversion Shares” shall be deemed to be references to “Approved Entity Shares.” 

“Automatic Conversion” means the irrevocable and automatic release of all of the Company’s obligations
under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the
Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities. 

“Automatic Conversion Notice” means the written notice (substantially in the form attached hereto as
Exhibit B) to be delivered by the Company to the Trustee directly and to the Holders of the Global Securities via DTC (or, if the Securities are definitive Securities, by the Company to the Trustee directly and to the Holders at their
addresses shown on the Contingent Convertible Security Register) specifying (i) that a Capital Adequacy Trigger Event has occurred, (ii) the Conversion Date or expected Conversion Date, (iii) the Conversion Price, (iv) that the
Company has the option, at its sole and absolute discretion, to elect that a Conversion Shares Offer be conducted and that the Company will issue a Conversion Shares Offer Notice via DTC within ten (10) Business Days

  
 - 3 - 

 
following the Conversion Date notifying Holders of the Company’s election and (v) that the Securities shall remain in existence for the sole purpose of evidencing (a) the right of
the Holders to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository and (b) the Company’s CSO Obligations, if any, and that the Securities may continue to be transferable
until the Suspension Date, which shall be specified in the Conversion Shares Offer Notice. 
 “Base
Indenture” has the meaning set forth in the first paragraph of this First Supplemental Indenture. 

“Business Day” means any weekday, other than one on which banking institutions are authorized or obligated by
law, regulation or executive order to close in London, United Kingdom, or in New York City. 
 “Calculation
Agent” means The Bank of New York Mellon, London Branch, or its successor appointed by the Company pursuant to the Calculation Agent Agreement between the Company and The Bank of New York Mellon, dated as of the date hereof. 

“Cancellation Date” means (i) with respect to any Security for which a Conversion Shares Settlement
Notice is received by the Conversion Shares Depository on or before the Notice Cut-off Date, the applicable Conversion Shares Settlement Date and (ii) with respect to any Security for which a Conversion
Shares Settlement Notice is not received by the Conversion Shares Depository on or before the Notice Cut-off Date, the Final Cancellation Date. 

“Capital Adequacy Trigger Event” shall occur if at any time the Fully Loaded CET1 Ratio (as defined herein) is
less than 7.00%. Whether a Capital Adequacy Trigger Event has occurred at any time shall be determined by the Company and such determination shall be binding on the Trustee and Holders of the Securities. 

“Capital Adequacy Trigger Event Officers’ Certificate” has the meaning set forth in Section 2.08(o)
hereof. 
 “Capital Regulations” means, at any time, the laws, regulations, requirements, standards,
guidelines and policies relating to capital adequacy and/or minimum requirement for own funds and eligible liabilities and/or loss absorbing capacity for credit institutions of either (i) the PRA and/or (ii) any other national or European
authority, in each case then in effect in the United Kingdom (or in such other jurisdiction in which the Company may be organized or domiciled) and applicable to the Group (as defined below) including, as at the date hereof, CRD IV and related
technical standards. 
 “Cash Component” means that portion, if any, of the Conversion Shares Offer
Consideration consisting of cash. 

  
 - 4 - 

 “Cash Dividend” means any dividend or distribution in
respect of the Ordinary Shares to Shareholders of the Company which is to be paid or made in cash (in whatever currency), however described and whether payable out of share premium account, profits, retained earnings or any other capital or revenue
reserve or account and including a distribution or payment to Shareholders upon or in connection with a reduction of capital. 

“CET1 Capital” means, at any time, the sum, expressed in pounds sterling, of all amounts that constitute
common equity tier 1 capital of the Group at such time, less any deductions from common equity tier 1 capital required to be made at such time, in each case as determined by the Company on a consolidated basis in accordance with the Capital
Regulations applicable to the Group at such time (which determination shall be binding on the Trustee and the Holders and Beneficial Owners). For the purposes of this definition, the term “common equity tier 1 capital” shall have the
meaning assigned to such term in the Capital Regulations then applicable to the Group. 
 “Code” means the
U.S. Internal Revenue Code of 1986, as amended. 
 “Companies Act” means the Companies Act 2006 (UK). 

“Company” has the meaning set forth in the first paragraph of this First Supplemental Indenture, and includes
any successor entity. 
 “Conversion Date” means the date on which the Automatic Conversion shall take
place, or has taken place, as applicable. 
 “Conversion Price” means $2.14 per Conversion Share (subject to
certain anti-dilution adjustments pursuant to Section 3.01 hereof). 
 “Conversion Shares” means the
Ordinary Shares of the Company to be issued to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) following an Automatic Conversion, which Ordinary Shares shall be in such number as is
determined by dividing the aggregate principal amount of the Securities Outstanding immediately prior to the Automatic Conversion on the Conversion Date by the Conversion Price, rounded down, if necessary, to the nearest whole number of Ordinary
Shares. 
 “Conversion Shares Component” means that portion, if any, of the Conversion Shares Offer
Consideration consisting of Conversion Shares. 
 “Conversion Shares Depository” means a financial
institution, trust company, depository entity, nominee entity or similar entity to be appointed by the Company on or prior to any date when a function ascribed to the Conversion Shares Depository in the Indenture is required to be performed, to
perform such functions and which, as a condition of such appointment, such entity will be required to undertake, for the benefit of the Holders and Beneficial Owners of the Securities, to hold the Conversion Shares (and any Conversion Shares Offer

  
 - 5 - 

 
Consideration) on behalf of such Holders and Beneficial Owners of the Securities in one or more segregated accounts, unless otherwise required for the purposes of the Conversion Shares Offer and,
in any event, on terms consistent with the Indenture. 
 “Conversion Shares Offer” has the meaning set forth
in Section 2.10(a) hereof. 
 “Conversion Shares Offer Agent” means the agent(s), if any, to be
appointed on behalf of the Conversion Shares Depository by the Company, in its sole and absolute discretion, to act as placement or other agent of the Conversion Shares Depository to facilitate a Conversion Shares Offer. 

“Conversion Shares Offer Consideration” means in respect of each Security (i) if all of the Conversion
Shares are sold in the Conversion Shares Offer, the pro rata share of the cash proceeds from the sale of the Conversion Shares attributable to such Security translated from sterling into U.S. dollars at a then-prevailing exchange rate (less
any foreign exchange transaction costs), (ii) if some but not all of the Conversion Shares are sold in the Conversion Shares Offer, (x) the pro rata share of the cash proceeds from the sale of the Conversion Shares attributable to such
Security translated from sterling into U.S. dollars at a then-prevailing exchange rate (less any foreign exchange transaction costs) and (y) the pro rata share of the Conversion Shares not sold pursuant to the Conversion Shares Offer
attributable to such Security rounded down to the nearest whole number of Conversion Shares, and (iii) if no Conversion Shares are sold in a Conversion Shares Offer, the relevant Conversion Shares attributable to such Security rounded down to
the nearest whole number of Conversion Shares, subject in the case of (i) and (ii)(x) above to deduction from any such cash proceeds of an amount equal to the pro rata share of any stamp duty, stamp duty reserve tax, or any other
capital, issue, transfer, registration, financial transaction or documentary tax that may arise or be paid as a consequence of the transfer of any interest in the Conversion Shares to the Conversion Shares Depository as a consequence of the
Conversion Shares Offer. 
 “Conversion Shares Offer Notice” means the written notice (substantially in the
form attached hereto as Exhibit D) to be delivered by the Company to the Trustee directly and to the Holders of the Global Securities via DTC (or, if the Securities are definitive Securities, by the Company to the Trustee directly and to the
Holders at their addresses shown on the Contingent Convertible Security Register) specifying (i) whether or not the Company has elected that a Conversion Shares Offer be made and, if so, the Conversion Shares Offer Period, (ii) the
Suspension Date, (iii) details of the Conversion Shares Depository or (iv) if the Company has been unable to appoint a Conversion Shares Depository, such other arrangements for the issuance and/or delivery of the Conversion Shares or the
Conversion Shares Offer Consideration, as applicable, to the Holders of the Securities as it shall consider reasonable in the circumstances. 

  
 - 6 - 

 “Conversion Shares Offer Period” means the period during
which the Conversion Shares Offer may occur, which period shall end no later than forty (40) Business Days after the delivery of the Conversion Shares Offer Notice. 

“Conversion Shares Offer Price” means £1.65 per Conversion Share (subject to certain anti-dilution
adjustments pursuant to Section 3.01 hereof). 
 “Conversion Shares Settlement Date” means
(i) with respect to any Security in relation to which a Conversion Shares Settlement Notice is received by the Conversion Shares Depository on or before the Notice Cut-off Date, the later of (a) the
date that is two (2) Business Days after the end of the relevant Conversion Shares Offer Period and (b) the date that is two (2) Business Days after the date on which such Conversion Shares Settlement Notice has been received by the
Conversion Shares Depository and (ii) with respect to any Security in relation to which a Conversion Shares Settlement Notice is not received by the Conversion Shares Depository on or before the Notice
Cut-off Date, the date on which the Conversion Shares Depository delivers the relevant Conversion Shares or Conversion Shares Component, if any, of any Conversion Shares Offer Consideration, as applicable.

 “Conversion Shares Settlement Notice” means a written notice to be delivered by a Holder or Beneficial
Owner (or custodian, broker, nominee or other representative thereof) to the Conversion Shares Depository (or to the relevant recipient of the Conversion Shares in accordance with the terms of the Securities), with a copy to the Trustee, no earlier
than the Suspension Date containing the following information: (i) the name of the Holder or Beneficial Owner (or custodian, broker, nominee or other representative thereof), (ii) the aggregate amount of the Tradable Amount of the book-entry
interests in the Securities held by such Holder or Beneficial Owner (or custodian, broker, nominee or other representative thereof) on the date of such notice, (iii) the name to be entered in the Company’s share register, (iv) the
details of the CREST or other clearing system account or, if the Conversion Shares are not a participating security in CREST or another clearing system, the address to which the Conversion Shares (or the Conversion Shares Component, if any, of any
Conversion Shares Offer Consideration) and/or cash (if not expected to be delivered through DTC) should be delivered and (v) such other details as may be required by the Conversion Shares Depository. 

“Conversion Shares Settlement Request Notice” means the written notice (substantially in the form attached
hereto as Exhibit E) to be delivered by the Company to the Trustee directly and to the Holders and Beneficial Owner of the Securities via DTC (or, if the Securities are definitive Securities, by the Company to the Trustee directly and to the
Holders at their registered addresses as shown on the Contingent Convertible Security Register) on the Suspension Date requesting that Holders and Beneficial Owners complete a Conversion Shares Settlement Notice and specifying (i) the Notice Cut-off Date and (ii) the Final Cancellation Date. 

  
 - 7 - 

 “CRD IV” means the legislative package consisting of
Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as the same may be amended or replaced from time to time and the CRD IV Regulation. 

“CRD IV Regulation” means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions
and investment firms of the European Parliament and of the Council of 26 June 2013, as the same may be amended or replaced from time to time. 

“CREST” means the relevant system, as defined in the CREST Regulations, or any successor clearing system. 

“CREST Regulations” means the Uncertificated Securities Regulations 2001 (SI 2001 No. 01/378), as
amended. 
 “CSO Obligations” means the obligations of the Company under the Securities that may arise in
connection with a Conversion Shares Offer to: (i) facilitate the preparation of a prospectus or other offering document, if applicable, and (ii) take responsibility for such prospectus or other offering document, which obligations (and any
claims relating to a failure to facilitate the preparation of, or take responsibility for, such prospectus or other offering document) shall terminate in the event of the winding-up or administration of the
Company. 
 “Current Market Price” means, in respect of an Ordinary Share at a particular date, the average
of the daily Volume Weighted Average Price of an Ordinary Share on each of the five (5) consecutive Dealing Days ending on the Dealing Day immediately preceding such date; provided that, if at any time during the said five-dealing-day period the Volume Weighted Average Price shall have been based on a price ex-Cash Dividend (or ex- any other
entitlement) and during some other part of that period the Volume Weighted Average Price shall have been based on a price cum-Cash Dividend (or cum- any other
entitlement), then: 
  

	 	(i)	 if the Ordinary Shares to be issued do not rank for the Cash Dividend (or entitlement) in question, the Volume
Weighted Average Price on the dates on which the Ordinary Shares shall have been based on a price cum-Cash Dividend (or cum- any other entitlement) shall, for the
purposes of this definition, be deemed to be the amount thereof reduced by an amount equal to such Cash Dividend or entitlement per ordinary share as at the date of first public announcement relating to such Cash Dividend or entitlement, in any such
case, determined on a gross basis and disregarding any withholding or deduction required to be made on account of tax, and disregarding any associated tax credit; or 

  
 - 8 - 

	 	(ii)	 if the Ordinary Shares to be issued do rank for the Cash Dividend (or entitlement) in question, the Volume
Weighted Average Price on the dates on which the Ordinary Shares shall have been based on a price ex-Cash Dividend (or ex- any other entitlement) shall, for the purposes
of this definition, be deemed to be the amount thereof increased by an amount equal to such Cash Dividend or entitlement per ordinary share as at the date of first public announcement relating to such Cash Dividend or entitlement, in any such case,
determined on a gross basis and disregarding any withholding or deduction required to be made on account of tax, and disregarding any associated tax credit, 

and provided further that, if on each of the said five Dealing Days the Volume Weighted Average Price shall have been based on a
price cum-Cash Dividend (or cum- any other entitlement) in respect of a Cash Dividend (or other entitlement) which has been declared or announced but the Ordinary Shares
to be issued do not rank for that Cash Dividend (or other entitlement), the Volume Weighted Average Price on each of such dates shall, for the purposes of this definition, be deemed to be the amount thereof reduced by an amount equal to such Cash
Dividend or entitlement per ordinary share as at the date of first public announcement relating to such Cash Dividend or entitlement, in any such case, determined on a gross basis and disregarding any withholding or deduction required to be made on
account of tax, and disregarding any associated tax credit, 
 and provided further that, if the Volume Weighted Average Price
of an Ordinary Share is not available on one or more of the said five Dealing Days (disregarding for this purpose the proviso to the definition of Volume Weighted Average Price), then the average of such Volume Weighted Average Prices which are
available in that five-dealing-day period shall be used (subject to a minimum of two such prices) and if only one, or no, such Volume Weighted Average Price is available in the relevant period, the Current
Market Price shall be determined in good faith by an Independent Financial Adviser. 
 “Dealing Day” means a
day on which the Relevant Stock Exchange or relevant stock exchange or securities market is open for business and on which Ordinary Shares may be dealt in (other than a day on which the Relevant Stock Exchange or relevant stock exchange or
securities market is scheduled to or does close prior to its regular weekday closing time). 
 “Distributable
Items” shall have the meaning assigned to such term in the Capital Regulations then applicable to the Company, but amended so that for so 

  
 - 9 - 

 
long as there is any reference therein to “before distributions to holders of own funds instruments” it shall be read as a reference to “before distributions to holders of Parity
Securities, the Securities or any Junior Securities.” 
 “DTC” means The Depository Trust Company, or
any successor clearing system. 
 “EEA Regulated Market” means a market as defined by Article 4.1(14) of
Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments, as the same may be amended from time to time. 

“Effective Date” means, for the purposes of Section 3.01(c) hereof, the first date on which the Ordinary
Shares are traded ex-rights on the Relevant Stock Exchange and, for the purposes of Section 3.01(d) hereof, the first date on which the Ordinary Shares are traded
ex-the relevant Cash Dividend on the Relevant Stock Exchange. 
 “Equity
Share Capital” has the meaning provided in Section 548 of the Companies Act. 
 “Extraordinary
Dividend” means any Cash Dividend that is expressly declared by the Company to be a capital distribution, extraordinary dividend, extraordinary distribution, special dividend, special distribution or return of value to shareholders or any
analogous or similar term, in which case the Extraordinary Dividend shall be such Cash Dividend. 
 “Final
Cancellation Date” means the date, as specified in the Conversion Shares Settlement Request Notice, on which the Securities in relation to which no Conversion Shares Settlement Notice has been received by the Conversion Shares Depository on
or before the Notice Cut-off Date shall be cancelled, which date may be up to twelve (12) Business Days following the Notice Cut-off Date. 

“Five-Year Mid-Market Swap Rate Quotations” means the arithmetic mean
of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating U.S. dollar interest rate swap transaction which:
(i) has a term of five years commencing on the applicable Reset Date; (ii) is in an amount that is representative of a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap
market; and (iii) has a floating leg based on six-month LIBOR (calculated on an actual/360 day count basis). 

“Fully Loaded” means, in relation to a measure that is presented or described as being on a “Fully Loaded
basis,” that such measure is determined without applying the transitional provisions set out in Part Ten of the CRD IV Regulation in accordance with the Capital Regulations applicable to the Company as at the time such measure is determined.

  
 - 10 - 

 “Fully Loaded CET1 Ratio” means, at any time, the ratio of
CET1 Capital at such time to the Risk Weighted Assets at such time, expressed as a percentage and on the basis that all measures used in such calculation shall be determined on a Fully Loaded basis. 

“Group” means the Company (or any successor entity) and its consolidated subsidiaries. 

“Governmental Entity” means (i) the United Kingdom Government, (ii) an agency of the United Kingdom
Government or (iii) a Takeover Person or entity (other than a body corporate) controlled by the United Kingdom Government or any such agency referred to in clause (ii) of this definition. If the Company is then organized in another
jurisdiction, the references to “United Kingdom Government shall be read as references to the government of such other jurisdiction.” 

“IA Determination Cut-off Date” has the meaning set forth in
Section 2.02(c)(i) hereof. 
 “Indenture” has the meaning set forth in the first paragraph of this
First Supplemental Indenture. 
 “Independent Adviser” means an independent financial institution of
international repute or other independent financial adviser experienced in the international debt capital markets, in each case appointed by the Company at its own expense. 

“Independent Financial Adviser” means an independent financial institution of international repute appointed
by the Company at its own expense. 
 “Initial Interest Rate” has the meaning set forth in
Section 2.02(a) hereof. 
 “Interest Payment Date” has the meaning set forth in Section 2.02(a)
hereof. 
 “Issue Date” has the meaning set forth in Section 2.01(f) hereof. 

“LSE” means the London Stock Exchange plc (or its successor). 

“Margin” has the meaning set forth in Section 2.02(a) hereof. 

“Mid-Market Swap Rate” is the
mid-market U.S. dollar swap rate LIBOR basis having a five-year maturity appearing on Bloomberg page “USISDA05” (or such other page as may replace such page on Bloomberg, or such other page as may be
nominated by the person providing or sponsoring the information appearing on such page for purposes of displaying comparable rates (the “Relevant Screen Page”)) at approximately 11:00 a.m. (New York time) on the relevant Reset
Determination Date, as determined by the Calculation Agent. 

  
 - 11 - 

 “Mid-Swap Fallback
Rate” means the mid-market U.S. dollar swap rate LIBOR basis having a five-year maturity determined by the Calculation Agent on the basis of Five-Year
Mid-Market Swap Rate Quotations provided by the principal office of each of four major banks in the U.S. dollar swap rate market (which banks shall be selected by the Company (using all reasonable efforts) no
less than 20 days prior to the relevant Reset Determination Date) (the “Reference Banks”) at approximately 11:00 a.m. (New York time) (or thereafter on such date, with the Calculation Agent using all reasonable efforts) on the relevant
Reset Determination Date. If at least three Five-Year Mid-Market Swap Rate Quotations are provided, the Mid-Swap Fallback Rate will be the arithmetic mean expressed as a
percentage and rounded, if necessary, to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards) of such Five-Year Mid-Market Swap Rate Quotations, eliminating the highest quotation (or,
in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two Five-Year Mid-Market Swap Rate Quotations are provided, the Mid-Swap Fallback Rate will be the arithmetic mean expressed as a percentage and rounded, if necessary, to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards) of such Five-Year Mid-Market Swap Rate Quotations. If only one Five-Year Mid-Market Swap Rate Quotation is provided, the Mid-Swap Fallback Rate will be
the quotation provided. If no Five-Year Mid-Market Swap Rate Quotations are provided, the Mid-Swap Fallback Rate will be (i) in respect of the Mid-Swap Fallback Rate determined in respect of the Reset Date falling on September 15, 2023, 2.981% per annum or (ii) in respect of the Mid-Swap Fallback Rate
determined in respect of any Reset Date other than September 15, 2023, the Mid-Market Swap Rate or Mid-Swap Fallback Rate, as applicable, in respect of the
immediately preceding Reset Date. 
 “New Conversion Condition” means the condition that shall be satisfied
if (a) by not later than seven (7) Business Days following the completion of a Takeover Event where the Acquirer is an Approved Entity, there shall be arrangements in place for the Approved Entity to provide for issuance of Approved Entity
Shares following an Automatic Conversion of the Securities on terms mutatis mutandis identical to the provisions under Section 2.08 below and (b) the Company, in its sole and absolute discretion has determined that such arrangements
are in the best interest of the Company and its shareholders taken as a whole having regard to the interests of its stakeholders (including, but not limited to, the Holders of the Securities) and are consistent with applicable law and regulation
(including, without limitation to, the guidance of any applicable regulatory body). 
 “New Conversion
Price” means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: 

NCP = ECP * (VWAPAES / VWAPOS) 

where: 

“NCP” is the New Conversion Price; 

  
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 “ECP” is the Conversion Price in effect on the Dealing Day
immediately prior to the QTE Effective Date; 
 “VWAPAES” means the average of the Volume Weighted Average Price of
the Approved Entity Shares (translated, if necessary, into the same currency as the price of the Ordinary Shares at the Prevailing Rate on the relevant dealing day) on each of the five Dealing Days ending on the Dealing Day prior to the closing date
of the Takeover Event (and where references in the definition of “Volume Weighted Average Price” to “ordinary share” shall be construed as a reference to the Approved Entity Shares and in the definition of “Dealing
Day,” references to the “Relevant Stock Exchange” shall be to the relevant Recognized Stock Exchange); and 

“VWAPOS” is the average of the Volume Weighted Average Price of the Ordinary Shares on each of the five Dealing Days
ending on the Dealing Day immediately prior to the closing date of the Takeover Event. 
 “Notice Cut-off Date” means the date specified as such in the Conversion Shares Settlement Request Notice, which date shall be at least forty (40) Business Days following the Suspension Date. 

“Ordinary Share Capital” has the meaning provided in Section 1119 of the Corporation Tax Act 2010 (or
successor provision or legislation). 
 “Ordinary Shares” means (a) prior to the QTE Effective Date,
fully paid ordinary shares in the capital of the Company and (b) on and after the QTE Effective Date, the relevant Approved Entity Shares. 

“Prevailing Rate” means, in respect of any currencies on any day, the spot rate of exchange between the
relevant currencies prevailing as at or about 12:00 pm, London time, on that date as appearing on or derived from the relevant page on Bloomberg (or such other information service provider that displays the relevant information) or, if such a rate
cannot be determined at such time, the rate prevailing as at or about 12:00 pm, London time, on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the relevant page on
Bloomberg (or such other information service provider that displays the relevant information), the rate determined in such other manner as an Independent Financial Adviser shall in good faith prescribe. 

“Price” means the Conversion Price or the Conversion Shares Offer Price, as applicable. 

  
 - 13 - 

 “Prospectus Supplement” means the prospectus supplement
with respect to the Securities, dated August 7, 2018, supplementing the prospectus dated April 6, 2018. 

“Prudential Regulation Authority” or “PRA” means the Prudential Regulation Authority of the
United Kingdom or such other governmental authority in the United Kingdom (or if the Company becomes domiciled in a jurisdiction other than the United Kingdom, such other jurisdiction) having primary responsibility for the prudential supervision of
the Company. 
 “QTE Effective Date” means the date with effect from which the New Conversion Condition
shall have been satisfied. 
 “Qualifying Takeover Event” means a Takeover Event with respect to which:
(i) the Acquirer is an Approved Entity; and (ii) the New Conversion Condition is satisfied. 
 “Recognized
Stock Exchange” means an EEA Regulated Market or another regulated, regularly operating, recognized stock exchange or securities market in an OECD member state. 

“Reference Banks” has the meaning set forth in the definition of
Mid-Swap Fallback Rate. 
 “Reference Bond” means the selected U.S.
government security or securities agreed between the Company and the Calculation Agent as having an actual or interpolated maturity of five years, that would be utilised, at the time of selection and in accordance with customary financial practice,
in pricing new issues of corporate debt securities denominated in U.S. dollars and of a maturity of five years. 

“Reference Bond Price” means, with respect to any Reset Determination Date, (i) the arithmetic average of
the Reference Government Bond Dealer Quotations for such Reset Determination Date, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (ii) if fewer than five such Reference Government Bond Dealer
Quotations are received, the arithmetic average of all such quotations. 
 “Reference Bond Rate” means, with
respect to any Reset Date for which such rate applies, the rate per annum equal to the yield to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as
a percentage of its principal amount) equal to the Reference Bond Price for such Reset Determination Date. 

“Reference Government Bond Dealer” means each of five banks selected by the Calculation Agent (following,
consultation with the Company), or their affiliates, which are (i) primary government securities dealers, and their respective successors, or (ii) market makers in pricing corporate bond issues. 

  
 - 14 - 

 “Reference Government Bond Dealer Quotations” means, with
respect to each Reference Government Bond Dealer and any Reset Determination Date, the arithmetic average, as determined by Calculation Agent, of the bid and offered prices for the Reference Bond (expressed in each case as a percentage of its
principal amount) as at 11:00 a.m. (New York time) on the Reset Determination Date and quoted in writing to the Calculation Agent by such Reference Government Bond Dealer. 

“Regular Record Date” means the Business Day immediately preceding each Interest Payment Date (or, if the
Securities are definitive Securities, the 15th Business Day preceding each Interest Payment Date). 

“Regulatory Event” has the meaning set forth in Section 2.06 hereof. 

“Relevant Currency” means sterling or, if at the relevant time or for the purposes of the relevant calculation
or determination the LSE is not the Relevant Stock Exchange, the currency in which the Ordinary Shares are quoted or dealt in on the Relevant Stock Exchange at such time. 

“Relevant Screen Page” has the meaning set forth in the definition of
“Mid-Market Swap Rate”. 
 “Relevant Nominating
Body” means, in respect of a reference rate: 
  

	 	(i)	 the central bank for the U.S. dollar, or any central bank or other supervisory authority that is responsible
for supervising the administrator of the reference rate; or 

  

	 	(ii)	 any working group or committee sponsored by, chaired or co-chaired by
or constituted at the request of (a) the central bank for the U.S. dollar, (b) any central bank or other supervisory authority that is responsible for supervising the administrator of the reference rate, (c) a group of the
aforementioned central banks or other supervisory authorities, or (d) the Financial Stability Board or any part thereof. 

“Relevant Stock Exchange” means the LSE or, if at the relevant time the Ordinary Shares are not at that time
listed and admitted to trading on the LSE, the principal stock exchange or securities market on which the Ordinary Shares are then listed, admitted to trading or quoted or accepted for dealing. 

“Reset Date” means September 15, 2023 and each fifth anniversary date thereafter. 

  
 - 15 - 

 “Reset Determination Date” means the second (2nd) Business Day immediately preceding the Reset Date. 
 “Reset
Period” has the meaning set forth in Section 2.02(a) hereof. 
 “Risk Weighted Assets” means,
at any time, the aggregate amount, expressed in pounds sterling, of the risk weighted assets of the Group at such time, as determined by the Company on a consolidated basis in accordance with the Capital Regulations applicable to the Group at such
time (which determination shall be binding on the Trustee and the Holders). For the purposes of this definition, the term “risk weighted assets” means the risk weighted assets or total risk exposure amount, as determined by the Company in
accordance with the Capital Regulations applicable to the Group. 
 “Securities” has the meaning set forth
in the Recitals. 
 “Shareholders” means the holders of Ordinary Shares. 

“Subsidiary” has the meaning provided in Section 1159 of the Companies Act. 

“Subsequent Interest Rate” has the meaning set forth in Section 2.02(a) hereof. 

“Successor Rate” means the rate that the Independent Adviser or the Company (as applicable) determines is a
successor to or replacement of the Mid-Market Swap Rate which is formally recommended by any Relevant Nominating Body. 

“Suspension Date” means the date specified in the Conversion Shares Offer Notice as the date on which DTC
shall suspend all clearance and settlement of transactions in the Securities in accordance with its rules and procedures, which date shall be no later than thirty-eight (38) Business Days after the delivery of the Conversion Shares Offer Notice
to DTC (and, if the Company elects that a Conversion Shares Offer be made, such date shall be at least two (2) Business Days prior to the end of the relevant Conversion Shares Offer Period). 

“Takeover Event” shall mean an offer made to all (or as nearly as may be practicable all) shareholders (or all
(or as nearly as may be practicable all) such shareholders other than the offeror and/or any associate (as defined in Section 988(1) of the Companies Act) of the offeror), to acquire all or a majority of the issued Ordinary Share Capital of the
Company or if any Takeover Person proposes a scheme with regard to such acquisition and (such offer or scheme having become or been declared unconditional in all respects or having become effective) the right to cast more than 50% of the votes which
may ordinarily be cast on a poll at a general meeting of the Company has or will become unconditionally vested in any Takeover Person and/or any associate of that Takeover Person (as defined in Section 988(1) of the Companies Act). 

  
 - 16 - 

 “Takeover Event Notice” means a notice to the Holders of
the Securities notifying them that a Takeover Event has occurred and specifying: (1) the identity of the Acquirer; (2) whether the Takeover Event is a Qualifying Takeover Event or not; (3) in the case of a Qualifying Takeover Event,
if determined at such time, the New Conversion Price; and (4) if applicable, the QTE Effective Date. 

“Takeover Person” includes any individual, company, corporation, firm, partnership, joint venture,
undertaking, association, organization, trust, state or agency of a state (in each case whether or not being a separate legal entity) or other legal entity. 

“Tax Event” has the meaning set forth in Section 2.05(a) hereof. 

“Tier 1 Capital” means Tier 1 capital for the purposes of the Capital Regulations. 

“Tradable Amount” has the meaning set forth in 2.01(j) hereof. 

“Trustee” has the meaning set forth in the first paragraph of this First Supplemental Indenture. 

“Volume Weighted Average Price” means, in respect of an Ordinary Share (or an Approved Entity Share, as
applicable) on any Dealing Day, the order book volume-weighted average price of an Ordinary Share (or Approved Entity Shares, as applicable) published by or derived from the relevant page on Bloomberg or such other source as shall be determined in
good faith to be appropriate by an Independent Financial Adviser on such Dealing Day, provided that if on any such Dealing Day such price is not available or cannot otherwise be determined as provided above, the “Volume Weighted Average
Price” of an ordinary share (or an Approved Entity Shares, as applicable) in respect of such Dealing Day shall be the volume weighted average price, determined as provided above, on the immediately preceding Dealing Day on which the same can be
so determined or determined as an Independent Financial Adviser might otherwise determine in good faith to be appropriate. 
 SECTION
1.02    Effect of Headings. 
 The Article and Section headings herein are for convenience only and shall not
affect the construction hereof. 

  
 - 17 - 

 SECTION 1.03    Separability Clause. 

In case any provision in this First Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION
1.04    Benefits of Instrument. 
 Nothing in this First Supplemental Indenture, express or implied, shall give to
any person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under the Indenture. 

SECTION 1.05    Relation to Base Indenture.  

This First Supplemental Indenture constitutes an integral part of the Base Indenture. Notwithstanding any other provision of this First
Supplemental Indenture, all provisions of this First Supplemental Indenture are expressly and solely for the benefit of the Holders and Beneficial Owners of the Securities and any such provisions shall not be deemed to apply to any other Contingent
Convertible Securities issued under the Base Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect to the Securities. 

SECTION 1.06    Construction and Interpretation. Unless the express otherwise requires: 

(a)    the words “hereof”, “herein” and “hereunder” and words of similar import, when used
in this First Supplemental Indenture, refer to this First Supplemental Indenture as a whole and not to any particular provision of this First Supplemental Indenture; 

(b)    the terms defined in the singular have a comparable meaning when used in the plural, and vice versa; 

(c)    the terms “dollars,” “USD” and “$” and mean United States Dollars; 

(d)    the terms “pounds sterling,” “sterling” and “£” mean British pounds sterling;

 (e)    references herein to a specific Section, Article or Exhibit refer to Sections or Articles of, or an Exhibit
to, this First Supplemental Indenture; 
 (f)    wherever the words “include”, “includes” or
“including” are used in this First Supplemental Indenture, they shall be deemed to be followed by the words “without limitation;” 

(g)    references to a Person are also to its successors and permitted assigns; 

  
 - 18 - 

 (h)    the use of “or” is not intended to be exclusive unless
expressly indicated otherwise; 
 (i)    for purposes of Article III of this First Supplemental Indenture, references
therein to any act or statute or any provision of any act or statute shall be deemed also to refer to any statutory modification or re-enactment thereof or any statutory instrument, order or regulation made
thereunder or under such modification or re-enactment; and 
 (j)    references
to any issue or offer or grant to Shareholders “as a class” or “by way of rights” shall be taken to be references to an issue or offer or grant to all or substantially all Shareholders, as the case may be, other than
Shareholders, as the case may be, to whom, by reason of the laws of any territory or requirements of any recognized regulatory body or any other stock exchange or securities market in any territory or in connection with fractional entitlements, it
is determined not to make such issue or offer or grant. 
 ARTICLE II 

$2,500,000,000 7.750% FIXED RATE RESETTING PERPETUAL SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES (CALLABLE SEPTEMBER 15, 2023 AND
EVERY FIVE YEARS THEREAFTER) 
 SECTION 2.01    Creation of Series; Establishment of Form. 

(a)    There is hereby established a new series of Contingent Convertible Securities under the Base Indenture entitled the
“$2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter).” 

(b)    The Securities shall be issued initially in the form of one or more registered Global Securities that shall be
deposited with DTC on the Issue Date. The Global Securities shall be registered in the name of Cede & Co. and executed and delivered in substantially the form attached hereto as Exhibit A. 

(c)    The Company shall issue the Securities in an aggregate principal amount of $2,500,000,000. The Company may from
time to time, without the consent of the Holders of the Securities, issue additional securities having the same ranking and same interest rate, interest cancellation terms, redemption terms, Conversion Price and other terms as the Securities
described in this First Supplemental Indenture, except for the price to public and date of issue. Any such additional securities subsequently issued shall rank equally and ratably with the Securities in all respects, so that such further securities
shall be consolidated and form a single series with the Securities. 
 (d)    Any proposed transfer of an interest in
Securities held in the form of a Global Security and shall be effected through the book-entry system maintained by DTC. 

  
 - 19 - 

 (e)    The Securities shall not have a sinking fund. 

(f)    The Securities shall be issued on August 14, 2018 (the “Issue Date”). 

(g)    The Securities shall have no fixed maturity or fixed redemption date. 

(h)    The interest rate on the Securities is set forth in Section 2.02(a) hereof. 

(i)    The Securities shall be issued in denominations of USD 200,000 in principal amount and integral multiples of USD
1,000 in excess thereof. The denominations cannot be changed without the consent of the Trustee. 
 (j)    The
denomination of each interest in a Global Security shall be the “Tradable Amount” of such book-entry interest. Prior to an Automatic Conversion, the aggregate Tradable Amount of the interests in each Global Security shall be equal
to such Global Security’s outstanding principal amount. Following an Automatic Conversion, the principal amount of each Security shall be zero, but the Tradable Amount of the book-entry interests in each Security shall remain unchanged as a
result of the Automatic Conversion. 
 SECTION 2.02    Interest. 

(a)    From (and including) the Issue Date to (but excluding) September 15, 2023, the interest rate on the Securities
shall be 7.750% per annum (the “Initial Interest Rate”). From and including each Reset Date to (but excluding) the next following Reset Date (each such period, a “Reset Period”), the applicable per annum interest rate (the
“Subsequent Interest Rate”) will, subject to Sections 2.02(b) and 2.02(c) herein, be equal to the sum of the applicable Mid-Market Swap Rate on the relevant Reset Determination Date and 4.842%
(the “Margin”). Subject to Sections 3.12 and 3.13 of the Base Indenture and the penultimate sentence of this paragraph, interest, if any, shall be payable quarterly in arrear on March 15, June 15, September 15 and
December 15 of each year (each, an “Interest Payment Date”), commencing on December 15, 2018; provided that if such Interest Payment Date is not a Business Day, the Interest Payment Date shall be postponed to the
next Business Day, but interest on that payment will not accrue during the period from and after the Interest Payment Date. Subject to Sections 3.12 and 3.13 of the Base Indenture, the interest rate on the Securities, if any, will be computed on the
basis of a year of 360 days consisting of 12 months of 30 days each and, in the case of an incomplete month, the actual number of days elapsed. The first date on which interest may be paid will be December 15, 2018 for the period commencing on
(and including) August 14, 2018, and ending on (but excluding) December 15, 2018 (and thus a long first interest period). If a date of redemption is not a Business Day, the Company may pay interest (if any) and principal on the next
Business Day, but interest on that payment will not accrue during the period from and after the date of redemption. 

  
 - 20 - 

 (b)    If the Mid-Market Swap
Rate does not appear on the Relevant Screen Page (in circumstances other than those described under Section 2.02(c) below), the relevant Subsequent Interest Rate shall instead be (i) a rate per annum equal to the aggregate of the
applicable Reference Bond Rate on the relevant Reset Determination Date and 4.978%, calculated by the Calculation Agent; or (ii) in the event that the Reference Bond Rate is not available (which shall be the case if only one Reference
Government Bond Dealer Quotation is received or if no Reference Government Bond Dealer Quotations are received), a rate per annum equal to the aggregate of the applicable Mid-Swap Fallback Rate on the relevant
Reset Determination Date and the Margin, calculated by the Calculation Agent. In each case, each Subsequent Interest Rate shall be determined in compliance with the Capital Regulations applicable to the Group in force at the relevant time. 

(c)    If the Company determines that the Mid-Market Swap Rate has ceased to be
published on the Relevant Screen Page as a result of such benchmark rate ceasing to be calculated or administered when any Subsequent Interest Rate remains to be determined by reference to such Mid-Market Swap
Rate, then the following provisions shall apply: 
 (i)    the Company shall use reasonable endeavours to appoint, as
soon as reasonably practicable, an Independent Adviser to determine (acting in good faith and in a commercially reasonable manner) no later than five Business Days prior to the relevant Reset Determination Date relating to the next succeeding Reset
Period (the “IA Determination Cut-off Date”) a Successor Rate or, alternatively, if there is no Successor Rate, an Alternative Reference Rate for purposes of determining the Subsequent
Interest Rate applicable to the Securities; 
 (ii)    if the Company is unable to appoint an Independent Adviser, or the
Independent Adviser appointed by it fails to determine a Successor Rate or an Alternative Reference Rate prior to the IA Determination Cut-off Date, the Company (acting in good faith and in a commercially
reasonable manner) may determine a Successor Rate or, if there is no Successor Rate, an Alternative Reference Rate; 

(iii)    if a Successor Rate or, failing which, an Alternative Reference Rate (as applicable) is determined in accordance
with the preceding provisions, such Successor Rate or, failing which, an Alternative Reference Rate (as applicable) shall be the Mid-Market Swap Rate in relation to the Securities for each of the future Reset
Periods (subject to the subsequent operation of, and to adjustment as provided in this Section 2.02(c); provided, however, that if sub-paragraph (ii) applies and the Company is unable to or does not
determine a Successor Rate or an Alternative Reference Rate prior to the relevant Reset Determination Date, the rate of interest applicable to the next succeeding Reset Period shall be equal to the rate of interest last determined in relation to the
Securities in 

  
 - 21 - 

 
respect of the preceding Reset Period (or alternatively, if there has not been a first Reset Date, the rate of interest applicable to the first Reset Period shall be the Initial Interest Rate);
for the avoidance of doubt, the proviso in this sub-paragraph (iii) shall apply to the relevant Reset Period only and any subsequent Reset Periods are subject to the subsequent operation of, and to
adjustment as described herein); 
 (iv)    if the Independent Adviser or the Company determines a Successor Rate or,
failing which, an Alternative Reference Rate (as applicable) in accordance with the above provisions, the Independent Adviser or the Company (as applicable), may also specify changes to the terms of the Securities, including but not limited to the
Margin, day count fraction, Relevant Screen Page, Business Day, Reset Determination Date and/or the definition of Mid-Market Swap Rate, and the method for determining the fallback rate in relation to the
Securities, in order to follow market practice in relation to the Successor Rate or the Alternative Reference Rate (as applicable). If the Independent Adviser (in consultation with the Company) or the Company (as applicable), determines that an
Adjustment Spread is required to be applied to the Successor Rate or the Alternative Reference Rate (as applicable) and determines the quantum of, or a formula or methodology for determining, such Adjustment Spread, then such Adjustment Spread shall
be applied to the Successor Rate or the Alternative Reference Rate (as applicable) and the Subsequent Interest Rate shall be the aggregate of (i) the Successor Rate or, as applicable, the Alternative Reference Rate (ii) the Adjustment
Spread and (iii) the Margin. If the Independent Adviser or the Company (as applicable) is unable to determine the quantum of, or a formula or methodology for determining, such Adjustment Spread, then such Successor Rate or Alternative Reference
Rate (as applicable) will apply without an Adjustment Spread and the Subsequent Interest Rate shall be the aggregate of (i) the Successor Rate or, as applicable, the Alternative Reference Rate and (ii) the Margin. For the avoidance of
doubt, the Trustee and the Calculation Agent shall, at the direction and expense of the Company, effect such consequential amendments to the Indenture, the Calculation Agency Agreement and the terms of the Securities as may be required in order to
give effect to the provisions set forth under this Section 2.02(c). Consent of the holders of Securities shall not be required in connection with effecting the Successor Rate or the Alternative Reference Rate (as applicable) or such other
changes, including for the execution of any documents or other steps by the Trustee or the Calculation Agent; and 

(v)    the Company shall promptly, following the determination of any Successor Rate or Alternative Reference Rate (as
applicable), give notice thereof to the Trustee, the Calculation Agent and DTC or the holders of the Securities, as applicable, which shall specify the effective date(s) for such Successor Rate or Alternative Reference Rate (as applicable) and any
consequential changes made to the terms of the Securities, 

  
 - 22 - 

 provided that the determination of any Successor Rate or Alternative Reference Rate, and any other related
changes to the Securities, shall be made in accordance with the Capital Regulations applicable to the Group in force at the relevant time. In effecting any consequential amendments to the terms of the Securities as may be directed by the Company
pursuant to Section 2.02(c)(iv) hereof, neither the Trustee nor the Calculation Agent shall be required to effect any amendments that affects its respective own rights, duties or immunities in their respective capacities as Trustee or
Calculation Agent under the Indenture, the Calculation Agency Agreement or otherwise. 
 (d)    In addition to any other
restrictions on payments of principal and interest contained in the Indenture, no repayment of the principal amount of the Securities or payment of interest on the Securities shall become due and payable after the exercise of any U.K. Bail-In Power by the Relevant U.K. Resolution Authority unless such repayment or payment would be permitted to be made by the Company under the laws and regulations of the United Kingdom and the European Union
applicable to the Company. 
 SECTION 2.03    Payment of Principal, Interest and Other Amounts. 

Payments of principal of and interest, if any, on the Securities shall be made in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts and such payments on Securities represented by a Global Security shall be made through one or more Paying Agents appointed under the Base Indenture to DTC or its nominee, as
the Holder or Holders of the Global Security. Initially, the Paying Agent for the Securities shall be The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL, United Kingdom and the Contingent Convertible Security Registrar
shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, Vertigo Building, Polaris 2-4, rue Eugène Ruppert, L-2453 Luxembourg, Luxembourg. The Company may
change the Paying Agent without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or Contingent Convertible Security Registrar. Payments of principal of and interest on the Securities represented
by a Global Security shall be made by wire transfer of immediately available funds; provided, however, that in the case of payments of principal, such Global Security is first surrendered to the Paying Agent. 

SECTION 2.04    Optional Redemption. Subject to the limitations specified in Sections 2.07 of this First
Supplemental Indenture and Section 11.08 of the Base Indenture, the Company may, at the Company’s option, redeem the Securities, in whole but not in part, on any Reset Date at a redemption price equal to 100% of the principal amount of the
Securities then Outstanding, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled as described in Sections 3.12 and 3.13 of the Base Indenture) to (but excluding) the date fixed for redemption.

  
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 SECTION 2.05    Optional Tax Redemption. 

(a)    Subject to Sections 2.07 of this First Supplemental Indenture and Section 11.08 of the Base Indenture, the
Company may, at any time, at the Company’s option, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Securities then Outstanding, together with any accrued but unpaid interest
(which excludes any interest cancelled or deemed cancelled as described in Sections 3.12 and 3.13 of the Base Indenture) to (but excluding) the date fixed for redemption, if the Company determines that as a result of a change in, or amendment to,
the laws or regulations of a Taxing Jurisdiction, including any treaty to which the relevant Taxing Jurisdiction is a party, or a change in an official application of those laws or regulations, including any decision of any court or tribunal, which
becomes effective on or after the Issue Date (and, in the case of a successor entity, which becomes effective on or after the date of such successor entity’s assumption of the Company’s obligations): 

(i)    the Company will or would be required to pay to Holders of the Securities Additional Amounts; 

(ii)    the Company would not be entitled to claim a deduction in respect of any payments in respect of the
Securities in computing the Company’s taxation liabilities or the value of such deduction would be materially reduced; 

(iii)    the Company would not, as a result of the Securities being in issue be able to have the losses or
deductions set against the profits or gains or profits or gains offset by the losses or deductions, of companies with which the Company is or would otherwise be so grouped for applicable United Kingdom tax purposes (whether under the group relief
system current as at the Issue Date or any similar system or systems having like effect as may from time to time exist); or 

(iv)    the Company would, in the future, have to bring into account a taxable credit if the principal
amount of the Securities were written down or if the Securities were converted into Conversion Shares; 
 (each such change in tax law or regulation or the
official application thereof, a “Tax Event”); provided, however, that the Securities may only be redeemed pursuant to this Section 2.05 if, in the case of each Tax Event, the consequences of the Tax Event cannot
be avoided by the Company’s taking reasonable measures available to the Company. 
 (b)    Prior to the delivery of
any notice of redemption as a result of a Tax Event the Company shall deliver to the Trustee an opinion of independent counsel of recognized standing, chosen by the Company, in a form satisfactory to the Trustee, confirming that the Company is
entitled to exercise its right of redemption under this Section 2.05. 

  
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 SECTION 2.06    Regulatory Event Redemption. Subject to
Section 2.07 of this First Supplemental Indenture and Section 11.08 of the Base Indenture, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a redemption price equal to 100% of
the principal amount of the Securities then Outstanding, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled as described in Sections 3.12 and 3.13 of the Base Indenture) to (but excluding) the
date fixed for redemption, if, on or after the Issue Date, there is a change in the regulatory classification of the Securities that does, or would be likely to, result in the whole or any part of the outstanding aggregate principal amount of the
Securities at any time being excluded from, or ceasing to count towards, the Group’s Tier 1 Capital (a “Regulatory Event”). 

SECTION 2.07    Notice of Redemption. Before the Company may redeem the Securities pursuant to Section 2.04,
2.05 or 2.06, the Company shall deliver via DTC (or, if the Securities are definitive Securities, to the Holders at their addresses shown on the Contingent Convertible Security Register) prior notice of not less than thirty (30) days, nor more
than sixty (60) days to the Holders of the Securities. The Company shall deliver written notice of such redemption of the Securities to the Trustee at least five (5) Business Days prior to the date on which the relevant notice of
redemption is sent to Holders (unless a shorter notice period shall be satisfactory to the Trustee). Such notice shall specify the Company’s election to redeem the Securities and the date fixed for such redemption and shall be irrevocable
except in the limited circumstances described in Sections 11.04(d), (e) and (f) of the Base Indenture. The Company shall not be entitled to deliver a notice of redemption after an Automatic Conversion Notice has been delivered. 

SECTION 2.08    Automatic Conversion upon Capital Adequacy Trigger Event. 

(a)    If a Capital Adequacy Trigger Event has occurred, then the Automatic Conversion shall occur on the Conversion Date,
at which point all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) shall be irrevocably and automatically released in consideration of the Company’s issuance of the Conversion Shares to the
Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the Conversion Date at the Conversion Price. Under no circumstances shall such released obligations be reinstated. If the Company has been
unable to appoint a Conversion Shares Depository, it shall make such other arrangements for the issuance and/or delivery of the Conversion Shares or Conversion Shares Offer Consideration, as applicable, to the Holders of the Securities as it shall
consider reasonable in the circumstances (including, without limitation, issuance of the Conversion Shares to another nominee or to the Holders of the Securities directly), and such issuance shall irrevocably and automatically release all of the
Company’s obligations under the Securities (other than the CSO Obligations, if any) as if the Conversion Shares had been issued to the Conversion Shares Depository. 

  
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 (b)    The Automatic Conversion shall occur without delay upon the
occurrence of a Capital Adequacy Trigger Event. 
 (c)    The Company shall (a) immediately inform the PRA of the
occurrence of a Capital Adequacy Trigger Event and (b) deliver an Automatic Conversion Notice to the Trustee directly and to the Holders via DTC as soon as practicable after such time. 

(d)    The date on which the Automatic Conversion Notice shall be deemed to have been given shall be the date on which it
is dispatched by the Company to DTC (or, if the Securities are definitive Securities, to the Trustee). 
 (e)    The
Company shall request that DTC post the Automatic Conversion Notice on its Reorganization Inquiry for Participants System pursuant to DTC’s procedures then in effect (or such other system as DTC uses for providing notices to holders of
securities). Within two (2) Business Days of its receipt of the Automatic Conversion Notice, the Trustee shall transmit the Automatic Conversion Notice to the direct participants of DTC holding the Securities at such time. 

(f)    The Automatic Conversion shall occur on the Conversion Date and all of the Company’s obligations under the
Securities (other than the CSO Obligations, if any) shall be irrevocably and automatically released in consideration of the Company’s issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in
accordance with the terms of the Securities), and the principal amount of the Securities shall equal zero at all times thereafter (for the avoidance of doubt, the Tradable Amount shall remain unchanged) as a result of the Automatic Conversion. 

(g)    Within ten (10) Business Days following the Conversion Date, the Company shall deliver a Conversion Shares
Offer Notice to the Trustee directly and to the Holders of the Global Securities via DTC (or, if the Securities are definitive Securities, by the Company to the Trustee directly and to the Holders at their addresses shown on the Contingent
Convertible Security Register). 
 (h)    The Conversion Shares shall initially be registered in the name of the
Conversion Shares Depository (or the relevant recipient in accordance with the terms of the Securities, as applicable) and each Holder and Beneficial Owner of the Securities shall be deemed to have irrevocably directed the Company to issue the
Conversion Shares corresponding to the conversion of its holding of Securities to the Conversion Shares Depository (or to such other relevant recipient). 

(i)    The Conversion Shares Depository (or the relevant recipient in accordance with the terms of the Securities, as
applicable) shall hold the Conversion Shares on behalf of the Holders and Beneficial Owners of the Securities, who shall be 

  
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entitled to direct (each in respect of their pro rata share of the Conversion Shares) the Conversion Shares Depository or such other relevant recipient, as applicable, to exercise on their behalf
all rights of an ordinary shareholder (including voting rights and rights to receive dividends); provided, however, that Holders and Beneficial Owners shall not be able to sell or otherwise transfer the Conversion Shares until such
time as the Conversion Shares have been delivered to the Holders or Beneficial Owners in accordance with the procedures set forth under Section 2.11 hereof. A Holder or Beneficial Owner’s pro rata share of the Conversion Shares at any
particular time shall be determined based on the aggregate amount of the Tradable Amount of the Securities held by such Holder or Beneficial Owner as a proportion of the aggregate amount of the Tradable Amount of all Securities outstanding at the
relevant time rounded down, if necessary, to the nearest whole number of Conversion Shares. 
 (j)    Provided that the
Company issues the Conversion Shares to the Conversion Shares Depository (or the relevant recipient in accordance with the terms of the Securities) in accordance with the terms of the Securities, with effect from the Conversion Date, Holders and
Beneficial Owners of the Securities shall have recourse only to the Conversion Shares Depository (or to such other relevant recipient, as applicable) for the delivery to them of Conversion Shares or, if the Company elects that a Conversion Shares
Offer be made, of any Conversion Shares Offer Consideration to which such Holders and Beneficial Owners are entitled. 

(k)    Effective upon, and following, the occurrence of the Automatic Conversion, Holders and Beneficial Owners shall not
have any rights against the Company with respect to repayment of the principal amount of the Securities or payment of interest or any other amount on or in respect of such Securities, which liabilities of the Company shall be irrevocably and
automatically released, and accordingly the principal amount of the Securities shall equal zero at all times thereafter. Any interest in respect of an interest period ending on any Interest Payment Date falling between the date of a Capital Adequacy
Trigger Event and the Conversion Date shall be deemed to have been cancelled pursuant to Section 3.12 of the Base Indenture upon the occurrence of such Capital Adequacy Trigger Event and shall not be due and payable. 

(l)    By subscribing for, purchasing or otherwise acquiring the Securities, each Holder and each Beneficial Owner shall
be deemed to have (i) consented to (x) Automatic Conversion of its Securities following a Capital Adequacy Trigger Event and (y) the appointment of the Conversion Shares Depository, the issuance of the Conversion Shares to the
Conversion Shares Depository and the potential sale of the Conversion Shares pursuant to a Conversion Shares Offer and acknowledged that such events in (x) and (y) may occur without any further action on the part of such Holders or Beneficial
Owners or the Trustee and (ii) authorized, directed and requested DTC and any direct participant in DTC or other intermediary through which it holds such Securities to take any and all necessary action, if required, to implement the Automatic
Conversion without any further action or direction on the part of such Holder or Beneficial Owner or the Trustee. 

  
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 (m)    The procedures set forth in this Section 2.08 are subject to
change to reflect changes in DTC practices, and the Company may make changes to the procedures set forth in this Section 2.08 to the extent reasonably necessary, in the opinion of the Company, to reflect such changes in DTC practices. 

(n)    Notwithstanding anything to the contrary contained in the Indenture or the Securities, once the Company has
delivered an Automatic Conversion Notice to DTC following the occurrence of a Capital Adequacy Trigger Event (or following an Automatic Conversion (if sooner)), (i) the Holders and Beneficial Owners shall have no rights whatsoever under the
Indenture or the Securities to instruct the Trustee to take any action whatsoever and (ii) as of the date of the Automatic Conversion Notice, except for any indemnity and/or security provided by any Holder or by any Beneficial Owner in such
direction or related to such direction, any direction previously given to the Trustee by any Holders or by any Beneficial Owners shall cease automatically and shall be null and void and of no further effect; except in each case of (i) and (ii)
of this Section 2.08(n), with respect to any rights of Holders or Beneficial Owners with respect to any payments under the Securities that were unconditionally due and payable prior to the date of the Automatic Conversion Notice or unless the
Trustee is instructed in writing by the Company to act otherwise. 
 (o)    On or (if reasonably practicable) prior to
delivering the Automatic Conversion Notice, the Company shall deliver to the Trustee a certificate signed by two Authorized Officers, in the form attached hereto as Exhibit C, specifying that a Capital Adequacy Trigger Event has occurred (the
“Capital Adequacy Trigger Event Officers’ Certificate”). The Trustee is entitled to conclusively rely on and accept such Capital Adequacy Trigger Event Officers’ Certificate without any duty whatsoever of further inquiry
as sufficient and conclusive evidence of the occurrence of a Capital Adequacy Trigger Event, and such Capital Adequacy Trigger Event Officers’ Certificate shall be conclusive and binding on the Trustee, the Holders and the Beneficial Owners.

 (p)    All authority conferred or agreed to be conferred by each Holder and Beneficial Owner pursuant to this
Section 2.08, including the consents given by such Holder and Beneficial Owner, shall be binding upon the successors, assigns, heirs, executors, administrators, trustees in bankruptcy and legal representatives of such Holder and Beneficial
Owner. 
 (q)    The Trustee shall not be liable with respect to (i) the calculation or accuracy of the Fully
Loaded CET1 Ratio in connection with the occurrence of a Capital Adequacy Trigger Event and the timing of such Capital Adequacy Trigger Event, (ii) the failure of the Company to post or deliver the underlying Fully Loaded CET1 Ratio
calculations of a Capital Adequacy Trigger Event to DTC, the Holders or the Beneficial Owners, (iii) any aspect of the Company’s decision to deliver an Automatic Conversion Notice or the related Automatic Conversion or (iv) the
adequacy of the disclosure of these provisions in the Prospectus Supplement or for the direct or indirect consequences thereof. 

  
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 (r)    Following the issuance of the Conversion Shares to the Conversion
Shares Depository (or to the relevant recipient in accordance with the terms of the Securities) on the Conversion Date, the Securities shall remain in existence until the applicable Cancellation Date for the sole purpose of evidencing (a) the
Holders’ and Beneficial Owners’ right to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository (or such other relevant recipient, as applicable) and (b) the
Company’s CSO Obligations, if any. 
 (s)    The Holders and Beneficial Owners shall not at any time have the
option to convert to the Securities into Conversion Shares. 
 (t)    The occurrence of an Automatic Conversion shall
not constitute a Default. 
 (u)    Notwithstanding any other provision herein, by subscribing for, purchasing or
otherwise acquiring the Securities, each Holder and each Beneficial Owner (i) agrees to all of the terms of the Securities, including, without limitation, those related to (x) the occurrence of a Capital Adequacy Trigger Event and any
related Automatic Conversion and (y) the appointment of the Conversion Shares Depository, the issuance of the Conversion Shares to the Conversion Shares Depository (or to the relevant recipient in accordance with the terms of the Securities)
and the potential sale of the Conversion Shares pursuant to a Conversion Shares Offer, (ii) agrees that effective upon, and following, the occurrence of the Automatic Conversion, no amount shall be due and payable to the Holders or the
Beneficial Owners under the Securities and the liability of the Company to pay any such amounts (including the principal amount of, or any interest in respect of, the Securities) shall be automatically released, and the Holders and the Beneficial
Owners shall not have the right to give any direction to the Trustee with respect to the Capital Adequacy Trigger Event and any related Automatic Conversion and (iii) waives, to the extent permitted by the Trust Indenture Act, any claim against
the Trustee arising out of its acceptance of its trusteeship for the Securities, including, without limitation, claims related to or arising out of or in connection with a Capital Adequacy Trigger Event and/or any Automatic Conversion. 

SECTION 2.09    Conversion Shares. 

(a)    The number of Conversion Shares to be issued to the Conversion Shares Depository on the Conversion Date shall be
determined by dividing the (i) aggregate principal amount of the Outstanding Securities immediately prior to the Automatic Conversion on the Conversion Date by (ii) the Conversion Price rounded down, if necessary, to the nearest whole
number of Conversion Shares. Fractions of Conversion Shares shall not be issued following an Automatic Conversion and no cash payment shall be made in lieu thereof. Upon Automatic Conversion on the Conversion Date, the number of Conversion Shares to
be held by the Conversion Shares Depository for the benefit of each Holder shall be the number of Conversion Shares thus calculated multiplied by a fraction equal to the aggregate amount of the Tradable Amount of the book-entry interests in the
Securities held by such Holder on the Conversion Date divided 

  
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by the aggregate amount of the Tradable Amount of the book-entry interests of all the Outstanding Securities immediately prior to the Automatic Conversion on the Conversion Date rounded down, if
necessary, to the nearest whole number of Conversion Shares. 
 (b)    The Conversion Shares issued following an
Automatic Conversion shall be fully paid and non-assessable and shall in all respects rank pari passu with the fully paid Ordinary Shares of the Company in issue on the Conversion Date, except in any
such case for any right excluded by mandatory provisions of applicable law, and except that the Conversion Shares so issued shall not rank for (or, as the case may be, the relevant Holder or Beneficial Owner shall not be entitled to receive) any
rights, the entitlement to which falls prior to the Conversion Date. 
 (c)    Subject to Section 3.05, if a
Qualifying Takeover Event occurs, and the Conversion Date falls on or after the QTE Effective Date, then in such case Approved Entity Shares of the Approved Entity shall be issued to the Conversion Shares Depository on the Conversion Date instead of
Conversion Shares with the same effect as if Conversion Shares had been issued pursuant to Section 2.09(a) above. 

(d)    The Conversion Shares or the Conversion Shares Offer Consideration, as the case may be, will be delivered to
Holders pursuant to the procedures set forth in Section 2.11 below. 
 SECTION 2.10    Conversion Shares
Offer. 
 (a)    No later than 10 (ten) Business Days following the Conversion Date, the Company may, in its sole and
absolute discretion and following the occurrence of an Automatic Conversion, elect that the Conversion Shares Depository make an offer of all or some of the Conversion Shares to all or some of the Company’s ordinary shareholders at a cash price
per Conversion Share equal to the Conversion Shares Offer Price, subject as provided in this Section 2.10 (the “Conversion Shares Offer”). The Company may, on behalf of the Conversion Shares Depository, appoint a Conversion
Shares Offer Agent to act as placement or other agent to facilitate the Conversion Shares Offer. The Company will deliver a Conversion Shares Offer Notice to the Trustee directly and to the Holders of the Securities via DTC within ten
(10) Business Days following the Conversion Date specifying whether or not it has elected that a Conversion Shares Offer be conducted. If the Company elects a Conversion Shares Offer to be conducted, the Conversion Shares Offer Period, during
which time the Conversion Shares Offer may be made, shall end no later than forty (40) Business Days following the delivery of the Conversion Shares Offer Notice. 

(b)    Any Conversion Shares Offer shall be made subject to applicable laws and regulations in effect at the relevant time
and shall be conducted, if at all, only to the extent that the Company, in its sole and absolute discretion, determines that the Conversion Shares Offer is practicable. The Company or the purchasers of the Conversion Shares sold in any Conversion
Shares Offer shall bear the costs and expenses of any Conversion Shares Offer (with the exception of any stamp duty, stamp duty 

  
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reserve tax, or any other capital, issue, transfer, registration, financial transaction or documentary tax that may arise or be paid as a consequence of the transfer of Conversion Shares to the
Conversion Shares Depository as a consequence of the Conversion Shares Offer), including the fees of the Conversion Shares Offer Agent, if any. If a prospectus or other offering document is required to be prepared in connection with a Conversion
Shares Offer, the Company shall facilitate the preparation of such prospectus or other offering document, and the Company and/or its directors shall take responsibility for such prospectus or other offering document, in each case, if and to the
extent then required by applicable laws and regulations then in effect. If so requested by the Conversion Shares Depository as offeror, the Company shall indemnify the Conversion Shares Depository for any losses incurred in connection with any
Conversion Shares Offer. 
 (c)    Upon completion of the Conversion Shares Offer, the Company or the Conversion Shares
Depository shall provide notice to the Holders of the Securities of the composition of the Conversion Shares Offer Consideration (and of the deductions to the Cash Component, if any, of the Conversion Shares Offer Consideration (as set out in the
definition of “Conversion Shares Offer Consideration” in Section 1.01)) per $1,000 Tradable Amount of the Securities. The Company reserves the right, in its sole and absolute discretion, to terminate the Conversion Shares Offer
at any time during the Conversion Shares Offer Period by providing at least three (3) Business Days’ notice to the Trustee directly and to the Holders of the Global Securities via DTC (or, if the Securities are definitive Securities, by
the Company to the Trustee directly and to the Holders at their addresses shown on the Contingent Convertible Security Register), and, if it does so, the Company may, in its sole and absolute discretion, take steps (including, without limitation,
changing the Suspension Date) to deliver to Holders and Beneficial Owners (or the custodian, nominee, broker or other representative thereof) of the Securities the Conversion Shares at a time that is earlier than the time at which such Holders and
Beneficial Owners (or the custodian, nominee, broker or other representative thereof) would have otherwise received the Conversion Shares Offer Consideration, had the Conversion Shares Offer been completed. 

(d)    If the Company elects, in its sole and absolute discretion, that a Conversion Shares Offer be conducted by the
Conversion Shares Depository, each Holder or Beneficial Owner, by subscribing for, purchasing or otherwise acquiring the Securities, shall be deemed to have: (i) irrevocably consented to (x) any Conversion Shares Offer and to the
Conversion Shares Depository’s using the Conversion Shares to settle any Conversion Shares Offer in accordance with the terms of the Securities and (y) the transfer of the beneficial interest it holds in the Conversion Shares to the
Conversion Shares Depository in connection with the Conversion Shares Offer in accordance with the terms of the Securities, and (ii) irrevocably agreed that (x) the Company, the Conversion Shares Depository and the Conversion Shares Offer
Agent, if any, may take any and all actions necessary to conduct the Conversion Shares Offer in accordance with the terms of the Securities, (y) none of the Company, the Trustee, the Conversion Shares Depository or the Conversion Shares Offer
Agent, if any, shall, to the extent permitted by applicable law, incur any liability to the Holders or Beneficial Owners in respect of the Conversion Shares Offer (except for the obligations of the Conversion Shares Depository in respect

  
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of the Holders’ and Beneficial Owners’ entitlement to any Conversion Shares Offer Consideration) and (z) DTC and any direct participant in DTC or other intermediary through which
it holds such Securities is authorized, directed and requested to take any and all necessary action, if required, to implement the Automatic Conversion (including any related Conversion Shares Offer). 

SECTION 2.11    Settlement Procedure. 

(a)    Delivery of the Conversion Shares or Conversion Shares Offer Consideration, as applicable, to the Holders and
Beneficial Owners of the Securities shall be made in accordance with the procedures set forth in this Section 2.11, which remain subject to change to reflect changes in clearing system practices. 

(b)    The Conversion Shares Offer Notice shall specify the Suspension Date. 

(c)    On the Suspension Date, the Company shall deliver, to the Trustee directly and to the Holders and of the Global
Securities via DTC (or, if the Securities are definitive Securities, by cheque mailed to the Holders at their addresses shown on the Contingent Convertible Security Register) a Conversion Shares Settlement Request Notice, pursuant to which the
Company shall request that Holders and Beneficial Owners complete a Conversion Shares Settlement Notice and shall specify the Notice Cut-off Date and the Final Cancellation Date. 

(d)    Holders and Beneficial Owners (or the custodian, nominee, broker or other representative thereof) shall not receive
delivery of the relevant Conversion Shares or Conversion Shares Component, as applicable, unless such Holders or Beneficial Owners (or the custodian, nominee, broker or other representative thereof) deliver the applicable Conversion Shares
Settlement Notice to the Conversion Shares Depository on or before the Notice Cut-off Date; provided that, if such delivery is made after the end of normal business hours at the specified office of the
Conversion Shares Depository, such delivery shall be deemed for all purposes to have been made or given on the next following Business Day. 

(e)    With respect to any Global Securities, the Conversion Shares Settlement Notice must be given in accordance with the
standard procedures of DTC (which may include, without limitation, delivery of the notice to the Conversion Shares Depository by electronic means) and in a form acceptable to DTC and the Conversion Shares Depository. With respect to any definitive
Securities, the Conversion Shares Settlement Notice must be delivered to the specified office of the Conversion Shares Depository together with the relevant Securities. 

(f)    Subject to satisfaction of the requirements and limitations set forth in this Section 2.11 and provided that
the Conversion Shares Settlement Notice and the relevant Securities, if applicable, are delivered on or before the Notice Cut-Off Date, the Conversion Shares Depository shall deliver the relevant Conversion
Shares (rounded down to the nearest whole number of Conversion Shares) or Conversion Shares 

  
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Component (rounded down to the nearest whole number of Conversion Shares), as applicable, to the Holder or Beneficial Owner (or custodian, nominee, broker or other representative thereof) of the
relevant Securities completing the relevant Conversion Shares Settlement Notice or its nominee in accordance with the instructions given in such Conversion Shares Settlement Notice on the applicable Conversion Shares Settlement Date. 

(g)    Each Conversion Shares Settlement Notice shall be irrevocable. The Conversion Shares Depository shall determine, in
its sole and absolute discretion, whether any Conversion Shares Settlement Notice has been properly completed and delivered, and such determination shall be conclusive and binding on the relevant Holder or Beneficial Owner. If any Holder or
Beneficial Owner fails to properly complete and deliver a Conversion Shares Settlement Notice and the relevant Securities, if applicable, the Conversion Shares Depository shall be entitled to treat such Conversion Shares Settlement Notice as null
and void. 
 (h)    Neither the Company, nor any member of the Group shall be liable for any stamp duty, stamp duty
reserve tax, or any other capital, issue, transfer, registration, financial transaction or documentary tax that may arise or be paid as a consequence of the delivery of Conversion Shares or Conversion Shares Component, as applicable, which tax shall
be borne solely by the Holder, Beneficial Owner or, if different, the person to whom the Conversion Shares or that portion, if any, of any Conversion Shares Offer Consideration consisting of Conversion Shares, as applicable, is delivered. 

(i)    The Conversion Shares and any Conversion Shares Component shall not be available for delivery (i) to, or to a
nominee for, Euroclear or Clearstream, Luxembourg or any other person providing a clearance service within the meaning of Section 96 of the Finance Act 1986 of the United Kingdom or (ii) to a person, or nominee or agent for a person, whose
business is or includes issuing depository receipts within the meaning of Section 93 of the Finance Act 1986 of the United Kingdom, in each case at any time prior to the “abolition day” as defined in Section 111(1) of the Finance
Act 1990 of the United Kingdom, or, if earlier, such other time at which the Company, in its absolute discretion, determines that no charge under Section 67, 70, 93 or 96 of the Finance Act 1986 or any similar charge (under any successor
legislation) would arise as a result of such delivery or (iii) to the CREST account of such a person described in (i) or (ii). 

(j)    The Company may make changes to the procedures set forth in this Section 2.11 to the extent such changes are
reasonably necessary, in the opinion of the Company, to effect the delivery of the Conversion Shares or Conversion Shares Offer Consideration, as applicable, to the Holders and Beneficial Owners of the Securities. 

SECTION 2.12    Failure to Deliver a Conversion Shares Settlement Notice. If any Holder or Beneficial Owner (or
custodian, nominee, broker or other representative thereof) fails to deliver a Conversion Shares Settlement Notice and the 

  
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relevant Securities, if applicable, to the Conversion Shares Depository on or before the Notice Cut-off Date, the Conversion Shares Depository shall
continue to hold the Conversion Shares or any Conversion Shares Component, as applicable to such Holder or Beneficial Owner, until a Conversion Shares Settlement Notice (and the relevant Securities, if applicable) is so delivered; provided,
however, that the relevant Securities shall be cancelled on the Final Cancellation Date, and any Holder or Beneficial Owner (or custodian, nominee, broker or other representative thereof) of Securities delivering a Conversion Shares
Settlement Notice after the Notice Cut-off Date shall be required provide evidence of its entitlement to the relevant Conversion Shares or the Conversion Shares Component of any Conversion Shares Offer
Consideration, as applicable, satisfactory to the Conversion Shares Depository in its sole and absolute discretion in order to receive delivery of such Conversion Shares or of the Conversion Shares Component of any Conversion Shares Offer
Consideration, as applicable. The Company shall have no liability to any Holder or Beneficial Owner of the Securities for any loss resulting from such Holder’s or Beneficial Owner’s failure to receive any Conversion Shares or Conversion
Shares Component of any Conversion Shares Offer Consideration, as applicable, or from any delay in the receipt thereof, in each case as a result of such Holder or Beneficial Owner (or custodian, nominee, broker or other representative thereof)
failing to duly submit a Conversion Shares Settlement Notice and the relevant Securities, if applicable, on a timely basis or at all. 

SECTION 2.13    Additional Amounts and FATCA Withholding Tax 

(a)    The Company agrees, to the extent the Company has actual knowledge of such information, to provide the Paying Agent
with sufficient information about any modification to the terms of the Securities for the purposes of determining whether FATCA Withholding Tax applies to any payment of principal or interest on the Securities. 

ARTICLE III 

ANTI-DILUTION 
 SECTION
3.01    Adjustment of Conversion Price and Conversion Shares Offer Price. Upon the occurrence of any of the events described below, the Conversion Price and the Conversion Shares Offer Price shall be adjusted as follows:

 (a)    If and whenever there shall be a consolidation, reclassification or subdivision in relation to the Ordinary
Shares of the Company, each of the Conversion Price and the Conversion Shares Offer Price shall be adjusted by multiplying the relevant Price in effect immediately prior to such consolidation, reclassification or subdivision by the following
fraction: 
 A 
 B

 where: 
  

	 	A	 is the aggregate number of Ordinary Shares of the Company in issue immediately before such consolidation,
reclassification or subdivision, as the case may be; and 

  
 - 34 - 

	 	B	 is the aggregate number of Ordinary Shares of the Company in issue immediately after, and as a result of, such
consolidation, reclassification or subdivision, as the case may be. 

 Such adjustment shall become effective on the date
the consolidation, reclassification or subdivision, as the case may be, takes effect. 
 (b)    If and whenever the
Company shall issue any Ordinary Shares credited as fully paid to the Company’s shareholders as a class by way of capitalization of profits or reserves (including any share premium account or capital redemption reserve) other than
(1) where any such Ordinary Shares are or are to be issued instead of the whole or part of a Cash Dividend which the Company’s shareholders would or could otherwise have elected to receive, (2) where the Company’s shareholders
may elect to receive a Cash Dividend in lieu of such Ordinary Shares or (3) where any such Ordinary Shares are or are expressed to be issued in lieu of a dividend (whether or not a Cash Dividend equivalent or amount is announced or would
otherwise be payable to the Company’s Shareholders, whether at their election or otherwise), each of the Conversion Price and the Conversion Shares Offer Price shall be adjusted by multiplying the relevant Price in effect immediately prior to
such issue by the following fraction: 
 A 

B 
 where: 

 

	 	A	 is the aggregate number of Ordinary Shares of the Company in issue immediately before such issue; and

  

	 	B	 is the aggregate number of Ordinary Shares of the Company in issue immediately after such issue.

 Such adjustment shall become effective on the date of issue of such Ordinary Shares. 

(c)    If and whenever the Company shall issue any Ordinary Shares to all or substantially all of the Company’s
shareholders as a class by way of rights at a price per ordinary share which is less than 95% of the Current Market Price per ordinary share on the Effective Date, each of the Conversion Price and the Conversion Shares Offer Price shall be adjusted
by multiplying the relevant Price in effect immediately prior to the Effective Date by the following fraction: 
  

	
	         A + B

	         A + C

  
 - 35 - 

 where: 
  

	 	A	 is the aggregate number of Ordinary Shares of the Company in issue on the Effective Date;

  

	 	B	 is the aggregate number of Ordinary Shares of the Company that the aggregate consideration (if any) receivable
for the Ordinary Shares issued by way of rights would purchase at such Current Market Price per Ordinary Share on the Effective Date; and 

  

	 	C	 is the number of Ordinary Shares to be issued. 

Such adjustment shall become effective on the Effective Date. 

For the purpose of any calculation of the consideration receivable or price pursuant to this Section 3.01(c), the following provisions
shall apply: 
  

	 	(1)	 the aggregate consideration receivable or price for Ordinary Shares issued for cash shall be the amount of such
cash; 

  

	 	(2)	 if the consideration or price determined pursuant to (1) above (or any component thereof) shall be
expressed in a currency other than the Relevant Currency, it shall be converted into the Relevant Currency at the Prevailing Rate on the relevant Effective Date; 

 

	 	(3)	 in determining the consideration or price pursuant to the above, no deduction shall be made for any commissions
or fees (howsoever described) or any expenses paid or incurred for any underwriting, placing or management of the issue of the relevant Ordinary Shares or otherwise in connection therewith 

 

	 	(4)	 the consideration or price shall be determined as provided in clauses (1) – (3) above on the basis of the
consideration or price received, receivable, paid or payable, regardless of whether all or part thereof is received, receivable, paid or payable by or to the Company or another entity; and 

  
 - 36 - 

	 	(5)	 references herein to “cash” shall be construed as cash consideration within the meaning of
Section 583(3) of the Companies Act. 

 (d)    If and whenever the Company shall pay any
Extraordinary Dividend to shareholders of the Company as a class, each of the Conversion Price and the Conversion Shares Offer Price shall be adjusted by multiplying the relevant Price in effect immediately prior to the Effective Date by the
following fraction: 
  

	
	         A - B

	           A

 where: 
  

	 	A	 is the Current Market Price of one Ordinary Share on the Effective Date; and 

 

	 	B	 is the portion of the aggregate Extraordinary Dividend attributable to one ordinary share, with such portion
being determined by dividing the aggregate Extraordinary Dividend by the number of Ordinary Shares entitled to receive the relevant Extraordinary Dividend. If the Extraordinary Dividend shall be expressed in a currency other than the Relevant
Currency, it shall be converted into the Relevant Currency at the Prevailing Rate on the relevant Effective Date. 

 Such
adjustment shall become effective on the Effective Date. 
 (e)    Notwithstanding provisions of Sections 3.01(a) –
(d) above: 
 (i)    where the events or circumstances giving rise to any adjustment pursuant to this section have
already resulted or will result in an adjustment to each of the Prices or where the events or circumstances giving rise to any adjustment arise by virtue of any other events or circumstances that have already given or will give rise to an adjustment
to each of the Prices or where more than one event that gives rise to an adjustment to each of the Prices occurs within such a short period of time that, in the opinion of the Company, a modification to the operation of the adjustment provisions is
required to give the intended result, such modification shall be made to the operation of the adjustment provisions as may be determined in good faith by an Independent Financial Adviser to be in its opinion appropriate to give the intended result;

 (ii)    such modification shall be made to the operation of the Indenture as may be determined in good faith by an
Independent Financial Adviser to be in its opinion appropriate to ensure that an adjustment to each of the Prices or the economic effect thereof shall not be taken into account more than once; 

  
 - 37 - 

 (iii)    for the avoidance of doubt, the issue of Ordinary Shares
following an Automatic Conversion or upon any conversion or exchange or the exercise of any other options, warrants or other rights shall not result in an adjustment to either of the Prices; 

(iv)    in respect of any adjustment pursuant to Sections 3.01(a)–(c) above, such adjustment shall be made only up
to the extent it does not result in a Conversion Price or Conversion Shares Offer Price that, if applied to the number of relevant Securities at the time of such adjustment, would result in a number of Conversion Shares that constitutes a greater
proportion of Conversion Shares as a percentage of the total number of Ordinary Shares issued had the adjustment not been made nor had the corporate event occurred; and 

(v)    in respect of any adjustment pursuant to Section 3.01(d) above, such adjustment shall be made only up to the
extent it does not result in a Conversion Price or Conversion Shares Offer Price that, if applied to the number of relevant Securities at the time of such adjustment, would result in the issue of an additional number of Conversion Shares having a
value that is greater than the value of the aggregate Extraordinary Dividend which would be attributable to the Ordinary Shares underlying the Securities had such Ordinary Shares been issued. 

SECTION 3.02    No Retroactive Adjustments. The Company shall not issue any additional Conversion Shares if the
Automatic Conversion occurs after the record date in respect of any consolidation, reclassification or subdivision as described in Section 3.01(a) above, or after the record date or other due date for the establishment of entitlement for any
such issue, distribution, grant or offer (as the case may be) as is described in Sections 3.01(b)–(d) above, but before the relevant adjustment to the relevant Price becomes effective under such Section. 

SECTION 3.03    Decision of an Independent Financial Advisor. If any doubt shall arise as to whether an adjustment
is required to be made to either of the Prices or as to the appropriate adjustment to such Prices, and following consultation between the Company and an Independent Financial Adviser, a written opinion of such Independent Financial Adviser in
respect thereof is delivered, such written opinion shall be conclusive and binding on the Company, the Trustee and the Holders and Beneficial Owners, save in the case of manifest error. 

SECTION 3.04    Rounding Down and Notice of Adjustment to the Conversion Price and the Conversion Shares Offer
Price. 
 (a)    On any adjustment to the Conversion Price and/or the Conversion Shares Offer Price as provided
under this Article III, if the resultant Conversion Price and Conversion Shares Offer Price is a number with more decimal places than the initial Conversion Price or Conversion Shares Offer Price, as the case may be, that number shall be rounded to
the same number of decimal places as the initial Conversion Price or Conversion Shares Offer Price, as the case may be. No adjustment shall be made to either 

  
 - 38 - 

 
of the Prices where such adjustment (rounded down if applicable) would be less than 1% of the relevant Price then in effect. Any adjustment not required to be made, and/or any amount by which the
relevant Price has been rounded down, shall be carried forward and taken into account in any subsequent adjustment, and such subsequent adjustment shall be made on the basis that the adjustment not required to be made had been made at the relevant
time and/or, as the case may be, that the relevant rounding down had not been made. 
 (b)    Notice of any adjustments
to the Conversion Price or the Conversion Shares Offer Price shall be given by the Company to Holders via DTC (or, if the Securities are definitive Securities, via the Trustee) promptly after the determination thereof. 

(c)    The Conversion Price shall not in any event be reduced to below the U.S. dollar equivalent of the nominal value of
the Ordinary Shares (as calculated by the Company on the date any such adjustment becomes effective). The Conversion Shares Offer Price shall not in any event be reduced to below the nominal value of the Ordinary Shares. 

SECTION 3.05    Qualifying Takeover Event. 

(a)    Within ten (10) Business Days following the occurrence of a Takeover Event, the Company shall give notice
thereof to the Holders and Beneficial Owners of the Securities by means of a Takeover Event Notice. 
 (b)    If the
Takeover Event is a Qualifying Takeover Event, the Securities shall, where the Conversion Date falls on or after the QTE Effective Date, be converted into or exchanged for Approved Entity Shares of the Approved Entity, mutatis mutandis as
provided under Section 2.08 above, at a Conversion Price that shall initially be the New Conversion Price, which may be higher or lower than the Conversion Price and references herein to “Conversion Shares” shall be deemed to be
references to “Approved Entity Shares.” 
 (c)    The New Conversion Price shall be subject to adjustment in
the circumstances provided for under Section 3.01(a) above (if necessary with such modifications and amendments as an Independent Financial Adviser acting in good faith shall determine to be appropriate and references herein to “Conversion
Shares” shall be deemed to be references to “Approved Entity Shares”), and the Company shall give notice to the Holders of the Securities of the New Conversion Price and of any such modifications and amendments thereafter. 

(d)    In the case of a Qualifying Takeover Event: 

(i)    the Company shall, to the extent permitted by applicable law and regulation, on or prior to the QTE Effective
Date, enter into such agreements and arrangements (including, without limitation supplemental indentures to the Indenture and amendments and modifications to the terms of the Securities and the Indenture) as may

  
 - 39 - 

 
be required to ensure that, effective upon the QTE Effective Date, the Securities shall be convertible into, or exchangeable for, Approved Entity Shares, mutatis mutandis in accordance
with, and subject to, the provisions of Sections 2.08 of this First Supplemental Indenture, at the New Conversion Price and any references to the Conversion Price shall be construed as references to the New Conversion Price; and 

(ii)    upon the occurrence of a Capital Adequacy Trigger Event where the Conversion Date falls on or after the QTE
Effective Date, the Company shall procure (to the extent within its control) the issue of the relevant number of Approved Entity Shares mutatis mutandis in the manner provided under Section 2.08 of this First Supplemental Indenture. 

(e)    The Trustee shall be obliged (at the expense of the Company) to concur with the Company in making any such
amendments and modifications to the Indenture, and to execute any supplemental indentures to the Indenture in respect thereof, provided that the Trustee shall not be bound to do so if any such amendments or modifications would, in the opinion of the
Trustee, have the effect of (i) exposing the Trustee to any liability against which it is not indemnified and/or secured and/or pre-funded to its satisfaction, (ii) changing, increasing or adding to
the obligations or duties of the Trustee or (iii) removing or amending any protection or indemnity afforded to, or any other provision in favor of, the Trustee under the Indenture and/or the terms of the Securities. 

(f)    For the avoidance of doubt, if for any reason (including, without limitation, because the Acquirer is a
Governmental Entity), a Takeover Event is not a Qualifying Takeover Event, there is no provision for any automatic adjustment to the terms of the Securities, whether in the manner provided for in this Article III in respect of Qualifying Takeover
Events, or at all. 
 ARTICLE IV 

MISCELLANEOUS PROVISIONS 

SECTION 4.01    Effectiveness. This First Supplemental Indenture shall become effective upon its execution and
delivery. 
 SECTION 4.02    Original Issue. The Securities may, upon execution of this First Supplemental
Indenture, be executed by the Company and delivered by the Company to the Trustee for authentication, and the Trustee shall, upon delivery of a Company Order, authenticate and deliver such Securities as in such Company Order provided. 

SECTION 4.03    Ratification and Integral Part. The Base Indenture as supplemented and amended by this First
Supplemental Indenture, is in all respects ratified and confirmed, including without limitation all the rights, immunities and indemnities of the Trustee, and this First Supplemental Indenture shall be deemed an integral part of the Base Indenture
in the manner and to the extent herein and therein provided. 

  
 - 40 - 

 SECTION 4.04    Priority. This First Supplemental Indenture shall
be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. The provisions of this First Supplemental Indenture shall, with respect to the Securities and subject to the terms hereof, supersede the provisions of
the Base Indenture to the extent the Base Indenture is inconsistent herewith. 
 SECTION 4.05    Successors and
Assigns. All covenants and agreements in the Base Indenture, as supplemented and amended by this First Supplemental Indenture, by the Company shall bind its successors and assigns, whether so expressed or not. 

SECTION 4.06    Counterparts. This First Supplemental Indenture may be executed in any number of counterparts, each
of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

SECTION 4.07    Governing Law. This First Supplemental Indenture and the Securities shall be governed by and
construed in accordance with the laws of the State of New York, except for the subordination provisions set forth in Section 12.01 of the Base Indenture and the waiver of set-off provisions set forth in
Section 5.04(d) of the Base Indenture, which are governed by, and construed in accordance with, English law. 

  
 - 41 - 

 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed, all as of the day and year first above written. 
  

			
	BARCLAYS PLC
		
	By:	 	 /s/ Tim Allen

		 	Name: Tim Allen
		 	Title: Director, CME
	
	THE BANK OF NEW YORK MELLON, as Trustee and Paying Agent
		
	By:	 	 /s/ Marco Thuo

		 	Name: Marco Thuo
		 	Title: Vice President
	
	THE BANK OF NEW YORK MELLON SA/NV, LUXEMBOURG BRANCH, as Contingent Convertible Security
Registrar

		
	By:	 	 /s/ Marco Thuo

		 	Name: Marco Thuo
		 	Title: Vice President

 [Signature Page to the First Supplemental Indenture] 

 Exhibit A 

Form of Global Security 
 THIS SECURITY IS
A GLOBAL REGISTERED SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

BY PURCHASING THIS SECURITY, IN THE ABSENCE OF A CHANGE IN LAW OR AN ADMINISTRATIVE OR JUDICIAL RULING TO THE CONTRARY, THE HOLDER AGREES TO CHARACTERIZE THIS
SECURITY FOR ALL U.S. FEDERAL INCOME TAX PURPOSES AS PROVIDED ON THE FACE OF THIS SECURITY. 
 This Security is one of a duly authorized issue of securities
of the Company (as defined below) (herein called the “Securities” and each, a “Security”) issued and to be issued in one or more series under and governed by the Contingent Convertible Securities Indenture, dated as
of August 14, 2018 (the “Base Indenture”), as supplemented and amended by the First Supplemental Indenture, dated as of August 14, 2018 (the “First Supplemental Indenture” and, together with the Base
Indenture, the “Indenture”). 
 The rights of the Holder and Beneficial Owners of this Security are, to the extent and in the manner set
forth in Section 12.01 of the Base Indenture, subordinated to the claims of other creditors of the Company, and this Security is issued subject to the provisions of that Section 12.01, and the Holder of this Security, by accepting the
same, agrees to, and shall be bound by, such provisions. The provisions of Section 12.01 of the Base Indenture and the terms of this paragraph are governed by, and shall be construed in accordance with, English law. 

The rights of the Holder of this Security are subject to Section 2.08 of the First Supplemental Indenture. Effective upon, and following, the occurrence
of the Automatic Conversion, the Holders and Beneficial Owners of the Securities (and any interest therein) prior to the occurrence of such Automatic Conversion shall not have any rights against the Company with respect to repayment of the principal
amount of this Security or payment of interest or any other amount in respect of this Security, which liabilities of the Company shall be irrevocably and automatically released, and accordingly the principal amount of this Security shall equal zero
at all times thereafter. 
 Notwithstanding any other agreements, arrangements, or understandings between the Company and any Holder or Beneficial Owner of
the Securities, by acquiring the Securities, each Holder and Beneficial Owner of the Securities acknowledges, accepts, agrees to be bound by, and consents to, the exercise of any U.K. Bail-in Power by the
Relevant U.K. Resolution Authority (as those terms are defined in the Base Indenture) and the provisions set forth in Section 13.01 of the Base Indenture. 

In accordance with Article 14 of the Base Indenture, each Holder and Beneficial Owner that acquires its Securities in the secondary market shall be deemed to
acknowledge and agree to be bound by and consent to the same provisions specified in the Indenture to the same extent as the 

  
 A-1 

 
Holders and Beneficial Owners of the Securities that acquire the Securities upon their initial issuance, including, without limitation, with respect to the acknowledgement and agreement to be
bound by and consent to the terms of the Securities, including in relation to interest cancellation, Automatic Conversion, the Conversion Shares Offer, the U.K. Bail-In Power and the limitations on remedies
specified in in this Security and Article V of the Base Indenture. 

  
 A-2 

 BARCLAYS PLC 

7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities 

(Callable September 15, 2023 and Every Five Years Thereafter) 
  

			
	No. 00[●]	  	$[●]                                

 CUSIP NO. 06738E BA2 

ISIN NO. US06738EBA29 
 BARCLAYS
PLC, a company duly incorporated and existing under the laws of England and Wales (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby
promises to pay to Cede & Co., or registered assigns, the principal sum of $[●] ([●] DOLLARS), if and to the extent due, and to pay interest thereon, if any, in accordance with the terms hereof and the Indenture. The Securities
shall have no fixed maturity or fixed redemption date. From (and including) the Issue Date to (but excluding) September 15, 2023, the interest rate on the Securities shall be 7.750% per annum (the “Initial Interest Rate”). From and
including September 15, 2023 and each fifth anniversary date thereafter, commencing September 15, 2023 (each such date, a “Reset Date”) to (but excluding) the next following Reset Date (each such period, a “Reset
Period”), the applicable per annum interest rate (the “Subsequent Interest Rate”) will, subject to Section 2.02(b) and Section 2.02(c) of the First Supplemental Indenture, be equal to the sum of the applicable Mid-Market Swap Rate on the Reset Determination Date and 4.842%. Subject to the provisions on the reverse of this Security relating to cancellation and deemed cancellation of interest and to Sections 3.12 and 3.13
of the Base Indenture and to the following sentence, interest, if any, shall be payable in four equal quarterly installments in arrear on March 15, June 15, September 15 and December 15 of each year (each, an “Interest
Payment Date”). The first date on which interest may be paid will be December 15, 2018 for the period commencing on (and including) August 14, 2018 and ending (but excluding) December 15, 2018 (and thus a long first interest
period). If a date of redemption is not a Business Day, the Company may pay interest (if any) and principal on the next Business Day, but interest on that payment will not accrue during the period from and after the date of redemption. 

The “Mid-Market Swap Rate” is the mid-market
U.S. dollar swap rate LIBOR basis having a five-year maturity appearing on Bloomberg page “USISDA05” (or such other page as may replace such page on Bloomberg, or such other page as may be nominated by the person providing or sponsoring
the information appearing on such page for purposes of displaying comparable rates (the “Relevant Screen Page”)) at approximately 11:00 a.m. (New York time) on the second Business Day immediately preceding each Reset Date (the
“Reset Determination Date”), as determined by the Calculation Agent. 
 If such swap rate does not appear on the Relevant
Screen Page, the relevant Subsequent Interest Rate shall be determined as set forth in Sections 2.02(b) and 2.02(c) of the First Supplemental Indenture. 

  
 A-3 

 If any Interest Payment Date is not a Business Day, the Interest Payment Date shall be
postponed to the next Business Day, and no further interest or other payment shall be owed or made in respect of such delay. 
 The interest
rate on the Securities, if any, will be computed on the basis of a year of 360 days consisting of 12 months of 30 days each and, in the case of an incomplete month, the actual number of days elapsed. 

The interest, if any, so payable, and paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest which shall be the Business Day immediately preceding each Interest Payment Date
(whether or not a Business Day). 
 In addition to any other restrictions on payments of principal and interest contained in the Indenture,
no repayment of the principal amount of the Securities or payment of interest on the Securities shall become due and payable after the exercise of any U.K. Bail-In Power by the Relevant U.K. Resolution
Authority unless such repayment or payment would be permitted to be made by the Company under the laws and regulations of the United Kingdom and the European Union applicable to the Company. 

Interest on the Securities shall be due and payable only at the sole discretion of the Company, and the Company shall have sole and absolute
discretion at all times and for any reason to cancel (in whole or in part) any interest payment that would otherwise be payable on any Interest Payment Date. If the Company does not make an interest payment in respect of the Securities on the
relevant Interest Payment Date (or if the Company elects to make a payment of a portion, but not all, of such interest payment), such non-payment shall evidence the Company’s exercise of its discretion to
cancel such interest payment (or the portion of such interest payment not paid), and accordingly such interest payment (or the portion thereof not paid) shall not be due and payable. If the Company provides notice to cancel a portion, but not all,
of an interest payment in respect of the Securities, and the Company subsequently does not make a payment of the remaining portion of such interest payment on the relevant Interest Payment Date, such
non-payment shall evidence the Company’s exercise of its discretion to cancel such remaining portion of such interest payment, and accordingly such remaining portion of the interest payment shall also not
be due and payable. 
 Interest shall only be due and payable on an Interest Payment Date to the extent it is not cancelled or deemed
cancelled (in each case, in whole or in part) in accordance with the terms of this Security, and any interest cancelled or deemed cancelled (in each case, in whole or in part) pursuant to this Security shall not be due and shall not accumulate or be
payable at any time thereafter, and Holders and Beneficial Owners of the Securities shall have no rights thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation. 

Without limitation on the foregoing paragraph and subject to the extent permitted by the following sentence in respect of partial interest
payments in respect of the Securities, the Company shall not make an interest payment in respect of the Securities on any Interest Payment 

  
 A-4 

 
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 either (a) the Company 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 Company since the end of the last financial year and prior to such Interest Payment Date
on or in respect of any Parity Securities, the Securities and any Junior Securities plus (ii) all distributions or interest payments payable by the Company (and not cancelled or deemed cancelled) on such Interest Payment Date (x) on
the 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 is not satisfied
in respect of such interest payment. The Company may, in its sole discretion, elect to make a partial interest payment in respect of the Securities on any Interest Payment Date, only to the extent that such partial interest payment may be made
without breaching the restrictions of this paragraph. Any interest cancelled pursuant to this paragraph shall be “deemed cancelled” under the terms of this Security and the Indenture and shall not be due and payable. Neither the Trustee
nor any agent of the Trustee shall be required to monitor compliance with the restriction on interest payments contained in this paragraph or to perform any calculations in connection therewith. 

By subscribing for, purchasing or other acquiring the Securities, each Holder and each Beneficial Owner shall be deemed to have contracted and
agreed that (i) interest is payable solely at the discretion of the Company, 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 Company at the Company’s sole discretion and/or (y) deemed cancelled (in whole or in part) as a result of the Company’s having insufficient Distributable Items or failing to satisfy the Solvency Condition; and (ii) a
cancellation or deemed cancellation of interest (in each case, in whole or in part) in accordance with the terms of the Indenture shall not constitute a default in payment or otherwise under the terms of the Securities or the Indenture. Interest on
the Securities shall only be due and payable on an interest payment date to the extent it is not cancelled or deemed cancelled under the terms of this Security and Sections 3.12 and 3.13 of the Base Indenture. Any interest cancelled or deemed
cancelled (in each case, in whole or in part) in the circumstances described in this Security shall not be due and shall not accumulate or be payable at any time thereafter, and Holders and Beneficial Owners of the Securities shall have no rights
thereto or to receive any additional interest or compensation as a result of such cancellation or deemed cancellation of interest in respect of the Securities. 

Payments of principal of and interest, if any, on the Securities shall be made in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts and such payments shall be made through one or more Paying Agents appointed under the Base Indenture to the Holder or Holders of this Security. Initially, the Paying Agent
for the Securities shall be The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL, United Kingdom, and the Contingent Convertible Security Registrar shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, Vertigo
Building, Polaris 2-4, rue Eugène Ruppert, L-2453 Luxembourg, Luxembourg. The Company may change the Paying Agent or the Contingent Convertible Security Registrar
without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or Contingent Convertible Security Registrar. Payments of principal of and interest on the Securities shall be made by wire transfer of
immediately available funds; provided, however, that in the case of payments of principal, this Security is first surrendered to the Paying Agent. 

  
 A-5 

 This Security shall be governed by and construed in accordance with the laws of the State of
New York, except for the subordination provisions referred to herein and set forth in Section 12.01 of Base Indenture, and the waiver of set-off provisions referred to herein and set forth in
Section 5.04(d) of the Base Indenture, which are governed by, and construed in accordance with, English law. 
 Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture, as defined
herein. 
 THIS SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER
GOVERNMENT AGENCY OF THE UNITED STATES OR THE UNITED KINGDOM. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 By purchasing this Security, the Holder of this Security agrees (in the absence of a statutory, regulatory, administrative or judicial
ruling to the contrary) to treat this Security as equity of the Company for U.S. federal income tax purposes. 

  
 A-6 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	Date:                	 		 	BARCLAYS PLC
				
		 		 	By:	 	
                     
                    

		 		 		 	Name:
		 		 		 	Title:
				
		 		 	By:	 	
                     
                    

		 		 		 	Name:
		 		 		 	Title:

 Trustee’s Certificate of Authentication 

This is one of the Securities of the series designated herein referred to in the Indenture. 

 

							
	Date:	 		 	THE BANK OF NEW YORK MELLON,
		 		 		 	as Trustee
				
		 		 	By:	 	
                     

		 		 		 	Authorized Signatory

 [Signature Page to Global Security] 

 (Reverse of Security) 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” and each, a
“Security”) issued and to be issued in one or more series under and governed by the Contingent Convertible Securities Indenture, dated as of August 14, 2018 (herein called the “Base Indenture”), between the
Company and The Bank of New York Mellon, London Branch, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Base Indenture), as supplemented and amended by the First Supplemental Indenture,
dated as of August 14, 2018 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), and reference is hereby made to the Indenture, the terms of which are incorporated herein
by reference, for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated
and delivered. Insofar as the provisions of the Indenture may conflict with the provisions set forth in this Security, the former shall control for purposes of this Security. 

This Security is one of the series designated on the face hereof, limited to a principal amount of $2,500,000,000, which amount may be
increased at the option of the Company if in the future it determines that it may wish to sell additional Securities of this series. References herein to “this series” mean the series designated on the face hereof. 

Any amounts to be paid by the Company on the Securities shall be made without deduction or withholding for, or on account of, any and all
present or future income, stamp and other taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or hereafter imposed, levied, collected, withheld or assessed by, or on behalf of, the United Kingdom
or any U.K. political subdivision or authority thereof or therein having the power to tax (each a “Taxing Jurisdiction”), unless such deduction or withholding is required by law. If any such Taxes shall at any time be required by a
Taxing Jurisdiction to be deducted or withheld, the Company shall, subject to the exceptions and limitations set forth in Section 10.04 of the Base Indenture and Section 12.01 of the Base Indenture, pay such additional amounts of, or in
respect of, the principal of, and any interest on, the Securities (“Additional Amounts”) as may be necessary in order that the net amounts paid to the Holders of the Securities, after such deduction or withholding, shall equal the
respective amounts of principal and interest that would have been payable in respect of such Securities had no such deduction or withholding been required. 

Any amounts to be paid by the Company or the Paying Agent on the Securities shall be paid net of any deduction or withholding imposed or
required pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to
Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental 

  
 A-8 

 
agreement entered into in connection with the implementation of such Sections of the Code (or any law implementing such an intergovernmental agreement) (a “FATCA Withholding
Tax”), and neither the Company nor the Paying Agent shall be required to pay Additional Amounts on account of any FATCA Withholding Tax. 

Any Paying Agent shall be entitled to make a deduction or withholding from any payment which it makes under the Securities and the Indenture
for or on account of (i) any present or future taxes, duties or charges if and to the extent so required by any applicable law and (ii) any FATCA Withholding Tax (together, “Applicable Law”). In either case, the Paying
Agent shall make any payment after a deduction or withholding has been made pursuant to Applicable Law and shall report to the relevant authorities the amount so deducted or withheld. However, such deduction or withholding will not apply to payments
made under the Securities and the Indenture through the relevant clearing systems. In all cases, the Paying Agent shall have no obligation to gross up any payment made subject to any deduction or withholding pursuant to Applicable Law. In addition,
amounts deducted or withheld by the Paying Agent as described in this paragraph will be treated as paid to the Holder of the Securities, and the Company will not pay Additional Amounts in respect of such deduction or withholding, except to the
extent the provisions in this paragraph explicitly provide otherwise. The restrictions on interest payments described on the face of this Security apply to any Additional Amounts mutatis mutandis. 

The Company agrees, to the extent the Company has actual knowledge of such information, to provide the Paying Agent with sufficient
information about any modification to the terms of the Securities for the purposes of determining whether FATCA Withholding Tax applies to any payment of principal or interest on the Securities. 

Subject to the limitations specified below, the Company may, at the Company’s option, redeem the Securities, in whole but not in part, on
any Reset Date at a redemption price equal to 100% of the principal amount of the Securities then Outstanding, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled as specified below) to (but
excluding) the date fixed for redemption. 
 Subject to the limitations specified below, the Company may also, at any time, at the
Company’s option, redeem the Securities, in whole but not in part pursuant to Section 2.05 and/or Section 2.06 of the First Supplemental Indenture. 

Any interest payments that have been cancelled or deemed cancelled pursuant to the terms of this Security and the Indenture shall not be
payable if the Securities are redeemed pursuant to any of the two preceding paragraphs. 
 Before the Company may redeem the Securities
pursuant to any of the preceding paragraphs relating to the Company’s rights of redemption, the Company shall deliver prior notice of not less than thirty (30) days, nor more than sixty (60) days to the Holders of the Securities
pursuant to Section 2.07 of the First Supplemental Indenture. 

  
 A-9 

 Notwithstanding any other provision of this Security or the First Supplemental Indenture,
the Company may redeem the Securities at the Company’s option only subject to the limitations specified in Section 11.08 of the Base Indenture. 

Subject to Section 11.10 of the Base Indenture, the Company or any member of the Group may purchase or otherwise acquire any of the
Outstanding Securities at any price in the open market or otherwise in accordance with the Capital Regulations applicable to the Group in force at the relevant time, and subject to the prior consent of the PRA and/or any other relevant national or
European authority (in either case if such consent is then required by the Capital Regulations) and to applicable law and regulation. 
 An
Automatic Conversion shall occur without delay upon the occurrence of a Capital Adequacy Trigger Event as set forth in Section 2.08 of the First Supplemental Indenture. 

The Conversion Price and the Conversion Shares Offer Price shall be subject to adjustment as provided in Article III of the First Supplemental
Indenture. 
 The Company may, in its sole and absolute discretion, following the occurrence of an Automatic Conversion and no later than 10
(ten) Business Days following the Conversion Date, elect that the Conversion Shares Depository make an offer of all or some of the Conversion Shares to all or some of the Company’s ordinary shareholders at a cash price per Conversion Share
equal to the Conversion Shares Offer Price, as set forth in and subject to the provisions of Section 2.10 of the First Supplemental Indenture. 

This Security is subject to the provisions regarding the U.K. Bail-in Power Acknowledgement set forth
in Section 13.01 of the Base Indenture. 
 If a Winding-Up Event occurs before the occurrence
of a Capital Adequacy Trigger Event, subject to the subordination provisions of Section 12.01 of the Base Indenture, the outstanding principal amount of this Security shall become immediately due and payable, without the need of any further
action on the part of the Trustee, the Holders or any other Person. 
 A “Winding-Up
Event” shall result if (i) a court of competent jurisdiction in England (or such other jurisdiction in which the Company may be organized) makes an order for the winding-up of the Company which
is not successfully appealed within thirty (30) days of the making of such order, (ii) the Shareholders of the Company adopt an effective resolution for the winding-up of the Company (other than, in
the case of either (i) or (ii) above, under or in connection with a scheme of reconstruction, merger or amalgamation not involving a bankruptcy or insolvency) or (iii) following the appointment of an administrator of the Company, the
administrator gives notice that it intends to declare and distribute a dividend. 

  
 A-10 

 If the Company fails to pay any amount that has become due and payable under this Security
and such failure continues for fourteen (14) days, the Trustee may provide a written notice of such failure to the Company. If within a period of fourteen (14) days following the provision of such notice, the failure continues and has not
been cured nor waived (a “Non-Payment Event”), the Trustee may, at its discretion, and without further notice to the Company, institute proceedings in England (or such other jurisdiction in
which the Company may be organized) (but not elsewhere) for the winding-up of the Company and/or prove in a winding-up of the Company and/or claim in a liquidation or
administration of the Company. For the avoidance of doubt, if, pursuant to this Security and Sections 3.12 and 3.13 of the Base Indenture, the Company cancels any interest payment on any Interest Payment Date or if such interest payment is deemed
cancelled (in each case, in whole or in part), then such interest payment shall not be due and payable in respect of such Interest Payment Date, and no Non-Payment Event under the Securities will occur or be
deemed to have occurred as a result of such cancellation or deemed cancellation (in each case, in whole or in part). 
 In addition to the
remedies for a Non-Payment Event provided in the paragraph above, the Trustee, may without further notice, institute such proceedings against the Company as the Trustee may deem fit to enforce any term,
obligation or condition binding upon the Company under the Securities or the Indenture (other than any payment obligation of the Company under or arising from the Securities or the Indenture, including, without limitation, payment of any principal
or interest) (such obligation, a “Performance Obligation”), provided always that the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) and the Holders and Beneficial Owners
of the Securities may not enforce, and may not be entitled to enforce or otherwise claim, against the Company any judgment or other award given in such proceedings that requires the payment of money by the Company, whether by way of damages or
otherwise (a “Monetary Judgment”), except by proving such Monetary Judgment in a winding-up of the Company and/or by claiming such Monetary Judgment in an administration of the Company. For
the avoidance of doubt, the sole and exclusive manner by which the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) and the Holders and Beneficial Owners of the Securities may seek to enforce or otherwise claim a
Monetary Judgment against the Company in connection with the Company’s breach of a Performance Obligation shall be by proving such Monetary Judgment in a winding-up of the Company and/or by claiming such
Monetary Judgment in an administration of the Company. By its acquisition of the Securities, each Holder and Beneficial Owner of the Securities acknowledges and agrees that such Holder and Beneficial Owner shall not seek to enforce or otherwise
claim, and will not direct the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) to enforce or otherwise claim, a Monetary Judgment against the Company in connection with the Company’s breach of a Performance
Obligation, except by proving such Monetary Judgment in a winding-up of the Company and/or by claiming such Monetary Judgment in an administration of the Company. 

  
 A-11 

 Other than the limited remedies specified in this Security and Article V of the Base
Indenture, and subject to the second paragraph below, no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) and to the Holders and Beneficial Owners, whether for the
recovery of amounts owing in respect of the Securities or under the Indenture, or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Securities or under the Indenture in relation
thereto; provided, however, that the Company’s obligations to the Trustee under Section 6.07 of the Base Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such
Section pursuant to Section 5.07 of the Base Indenture expressly survive any such Default and are not subject to the subordination provisions of Section 12.01 of the Base Indenture. 

In the case of a Default under this Security, the Trustee shall exercise such of the rights and powers vested in it by the Indenture, and use
the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. A “Default” shall occur upon (i) the occurrence of a Winding-Up Event that occurs before the Conversion Date or (ii) the occurrence of a Non-Payment Event or (iii) a breach by the Company of a Performance Obligation.

 Notwithstanding the limitations on remedies specified in this Security and under Article V of the Base Indenture, (1) the Trustee
shall have such powers as are required to be authorized to it under the Trust Indenture Act in respect of the rights of the Holders and Beneficial Owners of the Securities under the provisions of the Indenture, and (2) nothing shall impair the
right of a Holder or Beneficial Owner of the Securities under the Trust Indenture Act, absent such Holder’s or Beneficial Owner’s consent, to sue for any payment due but unpaid with respect to the Securities; provided that, in the
case of (1) and (2) above, any payments in respect of, or arising from, the Securities, including any payments or amounts resulting or arising from the enforcement of any rights under the Trust Indenture Act in respect of the Securities, shall
be subject to the subordination provisions set forth in Section 12.01 of the Base Indenture. Subject to the provisions of the Trust Indenture Act, no Holder shall be entitled to proceed directly against the Company except as set forth in
Section 5.08 of the Base Indenture. 
 The Securities shall constitute the Company’s direct, unsecured and subordinated
obligations, ranking pari passu without any preference among themselves. In the event of a winding up or administration of the Company, the rights and claims of the Holders and Beneficial Owners of the Securities in respect of or arising from
the Securities (including any damages (if payable)) shall be subordinated to the claims of Senior Creditors. If (a) an order is made, or an effective resolution is passed, for the winding-up of the
Company (except in any such case for a solvent winding-up solely for 

  
 A-12 

 
the purpose of a merger, reconstruction or amalgamation); or (b) following the appointment of an administrator of the Company, the administrator gives notice that it intends to declare and
distribute a dividend, then (1) if such events specified in (a) or (b) above occur prior to the date on which a Capital Adequacy Trigger Event occurs, there shall be payable by the Company in respect of each Security (in lieu of any other
payment by the Company), such amount, if any, as would have been payable to a Holder of Securities if, on the day prior to the commencement of the winding-up or such administration and thereafter, such Holder
of Securities were the holder of the most senior class of preference shares in the capital of the Company, having an equal right to a return of assets in the winding-up or such administration to, and so
ranking pari passu with, the holders of such class of preference shares (if any) from time to time issued by the Company that has a preferential right to a return of assets in the winding-up or such
administration, and so ranking ahead of the holders of all other classes of issued shares for the time being in the capital of the Company, but ranking junior to the claims of Senior Creditors, and on the assumption that the amount that such Holder
of Securities was entitled to receive in respect of such preference shares, on a return of assets in such winding-up or such administration, was an amount equal to the principal amount of the relevant
Security, together with any damages (if payable), and (2) if such events specified in (a) or (b) above occur on or after the date on which a Capital Adequacy Trigger Event occurs but prior to the Conversion Date, then for purposes of
determining the claim of a Holder of the Securities in such winding-up or such administration, the Conversion Date in respect of an Automatic Conversion shall be deemed to have occurred immediately prior to
the occurrence of such events specified in (a) or (b) above. Other than in the event of a winding-up or administration of the Company as described in this paragraph, payments in respect of or arising from
the Securities shall be conditional (i) upon the Company’s being solvent at the time of payment by the Company, and (ii) in that no sum in respect of or arising from the Securities may fall due and be paid except to the extent that
the Company could make such payment and still be solvent immediately thereafter (such condition referred to herein as the “Solvency Condition”). For purposes of determining whether the Solvency Condition is met, the Company shall be
considered to be solvent at a particular point in time if (x) it is able to pay its debts owed to Senior Creditors as they fall due and (y) the Balance Sheet Condition has been met. An Officer’s Certificate executed in accordance with
the Indenture as to the Company’s solvency at any particular point in time shall be treated by the Company, the Trustee, the Holders, the Beneficial Owners and all other interested parties as correct and sufficient evidence thereof.
“Senior Creditors” means creditors of the Company (aa) who are unsubordinated creditors; (bb) whose claims are, or are expressed to be, subordinated (whether only in the event of the
winding-up or administration of the Company or otherwise) to the claims of unsubordinated creditors of the Company but not further or otherwise; or (cc) whose claims are, or are expressed to be, junior to
the claims of other creditors of the Company, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders of the Securities. The
“Balance Sheet Condition” shall be satisfied in relation to the Company if the value of its assets is at least equal to the value of its liabilities (taking into account its contingent and prospective liabilities), according to the
criteria that would be applied by 

  
 A-13 

 
the High Court of Justice of England and Wales (or the relevant authority of such other jurisdiction in which the Company may be organized) in determining whether the Company is “unable to
pay its debts” under section 123(2) of the U.K. Insolvency Act 1986 or any amendment or re-enactment thereof (or in accordance with the corresponding provisions of the applicable laws of such
other jurisdiction in which the Company may be organized). Any payment of interest not due by reason of the provisions contained in this paragraph shall be deemed canceled pursuant to the terms of this Security and Section 3.13 of the Base
Indenture. 
 Subject to applicable law, no Holder of Securities may exercise, claim or plead any right of
set-off, compensation or retention in respect of any amount owed to it by the Company arising under, or in connection with, the Securities and each Holder of Securities shall, by virtue of its holding of any
Securities, be deemed to have waived all such rights of set-off, compensation or retention. Notwithstanding the foregoing, if any amounts due and payable to any Holder of this Security by the Company in
respect of, or arising under, this Security are discharged by set-off, such Holder shall, subject to applicable law, immediately pay an amount equal to the amount of such discharge to the Company (or, in the
event of its winding-up or administration, the liquidator or administrator of the Company, as the case may be) and, until such time as payment is made, shall hold an amount equal to such amount in trust for
the Company (or the liquidator or administrator of the Company, as the case may be) and, accordingly, any such discharge shall be deemed not to have taken place. By its acquisition of the Securities, each Holder and Beneficial Owner agrees to be
bound by these provisions relating to waiver of set-off. 
 The Indenture permits, with certain
exceptions and subject to certain conditions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the
Indenture at any time by the Company and the Trustee with the consent of the Holders of a specified majority in principal amount of the Securities then Outstanding of each series to be affected. The Indenture also contains provisions permitting the
Holders of a majority in aggregate principal amount of the Securities of each series then Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain
past Defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have any right to institute any
proceeding, judicial or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Default
with respect to the Securities of this series, the 

  
 A-14 

 
Holders of not less than 25% in aggregate principal amount of the Securities of this series then Outstanding shall have made written request to the Trustee to institute proceedings in respect of
such Default as Trustee and offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series then Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for sixty (60) days after receipt of such notice, request and offer of security
or indemnity, and, in the case of a proceeding in England (or such other jurisdiction in which the Company may be organized) (but not elsewhere) for the winding-up of the Company, such proceeding is in the
name and on behalf of the Trustee to the same extent (but no further or otherwise) as the Trustee would have been entitled so to do. 

Notwithstanding any contrary provisions in this Security, nothing shall impair the right of a Holder of this Security under the Trust
Indenture Act, absent such Holder’s consent, to sue for any payments due but unpaid with respect to this Security. 
 As provided in
the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Contingent Convertible Security Register, upon surrender of this Security for registration of transfer at the office or agency of
the Company in any place where the principal of this Security is payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Contingent Convertible Security Registrar duly executed by,
the Holder hereof or his attorney duly authorized in writing. Thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee
or transferees. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in registered form without
coupons in initial denominations of $200,000 and increments of $1,000 thereafter. The denominations cannot be changed without the consent of the Trustee. The denomination of each interest in this Security shall be the “Tradable
Amount” of such book-entry interest. Prior to an Automatic Conversion, the aggregate Tradable Amount of the interests in this Security shall equal this Security’s outstanding principal amount. Following an Automatic Conversion, the
principal amount of this Security shall equal zero, but the Tradable Amount of the book-entry interests in this Security shall remain unchanged as a result of the Automatic Conversion. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary. 

  
 A-15 

 This Security shall be governed by and construed in accordance with the laws of the State
of New York, except for the subordination provisions referred to herein and set forth in Section 12.01 of the Base Indenture, and the waiver of set-off provisions referred to herein and set forth in
Section 5.04(d) of the Base Indenture, which are governed by, and construed in accordance with, English law. 

  
 A-16 

 Exhibit B 

Form of Automatic Conversion Notice1 

NOTICE TO DTC AND FOR PUBLICATION 

AS A NOTICE TO HOLDERS AND BENEFICIAL OWNERS 

[Barclays Letterhead] 
  

					
	To:	  	 [The Depository Trust Company
 55 Water Street,
25th Floor
 New York, NY 10041-0099
 Attn: Mandatory
Reorganization
 Department
 Fax: +1 (212) 855-5488
 Email: mandatoryreorgannouncements@dtcc.com]
	 	
			
	Cc:	  	 [The Bank of New York Mellon
 Merck House

Seldown
 Poole, Dorset BH15 1PX

United Kingdom
 Attn: International Corporate Trust

Services
 Email: corpsov2@bnymellon.com

Fax: 01202 689600
 Tel: 01202 689978
	 	 The Bank of New York Mellon
 101 Barclay
Street
 Floor 7-E
 New
York, New York 10286
 United States of America
 Attn:
International Corporate Trust
 Fax: +1 (212) 815-5366]

 Re: Barclays PLC $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) – Notice to DTC, Holders and Beneficial Owners of the Occurrence of a Capital Adequacy Trigger Event 

This notice is in relation to Barclays PLC’s (the “Company”) $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated
Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) issued on August 14, 2018 (the “Securities”) pursuant to the Contingent Convertible
Securities Indenture, dated August 14, 2018, between the Company and The Bank of New York Mellon, London Branch, as Trustee (the “Trustee”), as supplemented and amended by the First Supplemental Indenture, dated August 14,
2018, between the Company and the Trustee (together, the “Indenture”), and pursuant to the prospectus supplement dated August 7, 2018 supplementing the prospectus dated April 6, 2018. Capitalized terms used herein and not
defined herein shall have the respective meanings ascribed to such terms in the Indenture. 
  

 

	1	 Note: Addresses to be reconfirmed prior to when notice is sent; subject to modification if Securities
are in definitive form and to changes in DTC (or successor clearing system) policies and procedures. 

  
 B-1 

 Barclays PLC hereby notifies The Depository Trust Company (“DTC”), the Holders and
Beneficial Owners of the Securities that a Capital Adequacy Trigger Event has occurred with respect to the Securities. Such Capital Adequacy Trigger Event has occurred because the Group’s Fully Loaded CET1 Ratio as of [Date], as
determined by Barclays PLC on a consolidated basis in accordance with the Capital Regulations applicable to the Group on such date, was less than 7.00%. 

Upon the occurrence of the Capital Adequacy Trigger Event, the terms of the Securities provide for an Automatic Conversion of the Securities on the Conversion
Date, which [was] [is expected to be] [Date], based on the Conversion Price, which is [Price].2 Upon the Automatic Conversion, all of Barclays PLC’s obligations under the
Securities (other than with respect to the CSO Obligations, if any) shall be irrevocably and automatically released in consideration of Barclays PLC’s issuance of ordinary shares of Barclays PLC (the “Conversion Shares”) to the
Conversion Shares Depository (or other relevant recipient). However, the terms of the Securities provide that the Securities shall remain in existence until the applicable Conversion Shares Settlement Date for the sole purpose of evidencing
(a) a right to receive Conversion Shares or Conversion Shares Offer Consideration, as applicable, from the Conversion Shares Depository and (b) the Company’s CSO Obligations, if any. 

In addition, the terms of the Securities provide that Barclays PLC may, in its sole and absolute discretion, elect that a Conversion Shares Offer be
conducted, no later than ten (10) Business Days of the Conversion Date. Barclays PLC will deliver to DTC, the Holders and the Beneficial Owners a Conversion Shares Offer Notice specifying, among other things, whether or not Barclays PLC has
elected that a Conversion Shares Offer be conducted and the Suspension Date. The Securities may continue to trade until the Suspension Date. 
 Accordingly,
Barclays PLC hereby instructs DTC to indicate to all participants that payments of principal and interest are no longer payable under the Securities as of the Conversion Date and that the Securities will have no further entitlement to interest or
principal as of such date by making a note to that effect in its systems. 
 Barclays PLC further requests DTC to post this notice on its Reorganization
Inquiry for Participants System (or such other system as DTC uses for providing notices to holders of securities). 
 Should DTC, any Holder or any
Beneficial Owner of the Securities have any inquiries, please contact: 
 [Barclays Contact Person] 

[Telephone] 
 [Fax] 

[Email] 
  

 

	2	 Note: To be completed with the Conversion Date and Conversion Price. 

  
 B-2 

 Exhibit C 

Form of Capital Adequacy Trigger Event Officers’ Certificate 

BARCLAYS PLC 
 Capital Adequacy
Trigger Event Officers’ Certificate 
 This Capital Adequacy Trigger Event Officers’ Certificate is being delivered in relation to Barclays
PLC’s (the “Company”) $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN:
US06738EBA29) issued on August 14, 2018 (the “Securities”) pursuant to the Contingent Convertible Securities Indenture (the “Base Indenture”), dated August 14, 2018, between the Company and The Bank of New
York Mellon, as Trustee (the “Trustee”), as supplemented and amended by the First Supplemental Indenture, dated August 14, 2018, between the Company and the Trustee (the “First Supplemental Indenture”), and
pursuant to the prospectus supplement dated August 7, 2018, supplementing the prospectus dated April 6, 2018 (the “Prospectus”). 

Pursuant to Section 1.02 of the Base Indenture and Section 2.08 of the First Supplemental Indenture, the undersigned, being authorized signatories
of the Company and authorized by the Company to give this certificate, each hereby certify as follows: 
  

	(a)	 I have read the provisions of the Base Indenture and those of the First Supplemental Indenture, setting forth
certain provisions in respect of the occurrence of a Capital Adequacy Trigger Event (as defined in the First Supplemental Indenture), including Section 2.08 of the First Supplemental Indenture, and the definitions relating thereto;

  

	(b)	 I have reviewed such corporate records and such other documents as I have deemed necessary as a basis for the
opinion hereinafter expressed; 

  

	(c)	 I have also made such other examinations and investigations as I have deemed necessary to enable me to express
an informed opinion as to the matters set forth in (d) below; and 

  

	(d)	 a Capital Adequacy Trigger Event has occurred with respect to the Securities. Such Capital Adequacy Trigger
Event has occurred because the Group’s (as defined in the First Supplemental Indenture) Fully Loaded CET1 Ratio (as defined in the First Supplemental Indenture) as of [Date], as determined by Barclays PLC on a consolidated basis in
accordance with the capital adequacy standards and guidelines of the Prudential Regulation Authority of the United Kingdom (or such other governmental authority having primary responsibility for the prudential supervision of Barclays PLC) on such
date, was less than 7.00%. 

 Concurrently with the delivery of this Capital Adequacy Trigger Event Officers’ Certificate, the
Company is delivering to The Depository Trust Company (“DTC”) an 

  
 C-1 

 
Automatic Conversion Notice (as defined in the First Supplemental Indenture) as a notice to DTC and for publication as a notice to Holders (as defined in the Base Indenture) and Beneficial Owners
(as defined in the First Supplemental Indenture) in the form set forth in Exhibit B to the First Supplemental Indenture. 
 The Trustee is entitled to
conclusively rely on and accept this Capital Adequacy Trigger Event Officers’ Certificate without any duty whatsoever of further inquiry as sufficient and conclusive evidence of the occurrence of the Capital Adequacy Trigger Event, and this
Capital Adequacy Trigger Event Officers’ Certificate shall be conclusive and binding on the Trustee and the Holders as defined in the Base Indenture) and Beneficial Owners (as defined in the First Supplemental Indenture). 

 

			
	Dated:                     
	
	BARCLAYS PLC
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-2 

 Exhibit D 

Form of Conversion Shares Offer Notice3 

NOTICE TO DTC AND FOR PUBLICATION 

AS A NOTICE TO HOLDERS AND BENEFICIAL OWNERS 

[Barclays Letterhead] 
  

					
	To:	  	 [The Depository Trust Company
 55 Water Street,
25th Floor
 New York, NY 10041-0099
 Attn: Mandatory
Reorganization Department
 Fax: +1 (212) 855-5488

Email: mandatoryreorgannouncements@dtcc.com]
	  	
			
	Cc:	  	 [The Bank of New York Mellon
 Merck House

Seldown
 Poole, Dorset BH15 1PX

United Kingdom
 Attn: International Corporate Trust Services

Email: corpsov2@bnymellon.com
 Fax: 01202 689600

Tel: 01202 689978
	  	 The Bank of New York Mellon
 101 Barclay
Street
 Floor 7-E
 New
York, New York 10286
 United States of America
 Attn:
International Corporate Trust
 Fax: +1 (212) 815-5366]

 Re: Barclays PLC $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) – Notice to DTC, Holders and Beneficial Owners of [Election to Conduct a Conversion Shares Offer][Election Not to Conduct a Conversion
Shares Offer] 
 This notice is in relation to Barclays PLC’s (the “Company”) $2,500,000,000 7.750% Fixed Rate Resetting Perpetual
Subordinated Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) issued on August 14, 2018 (the “Securities”) pursuant to the Contingent
Convertible Securities Indenture, dated August 14, 2018, between Barclays PLC and The Bank of New York Mellon, London Branch, as Trustee (the “Trustee”) , as supplemented and amended by the First Supplemental Indenture, dated
August 14, 2018, between the Company and the Trustee (together, the “Indenture”), and pursuant to the prospectus supplement dated August 7, 2018, supplementing the prospectus dated April 6, 2018, (the
“Prospectus”). Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to such terms in the Indenture. 
  

 

	3	 Note: Addresses to be reconfirmed prior to when notice is sent; subject to modification if Securities
are in definitive form and to changes in DTC (or successor clearing system) policies and procedures. 

  
 D-1 

 Barclays PLC hereby notifies The Depository Trust Company (“DTC”), the Holders and the
Beneficial Owners of the Securities that it has elected that a Conversion Shares Offer [not] be conducted. [The Conversion Shares Offer Period will extend from the date of this notice until
[Date]4. [Conversion Shares Depository] has been appointed as Conversion Shares Depository for the Conversion Shares Offer.]5

 In addition, Barclays PLC hereby notifies DTC, the Holders and the Beneficial Owners of the Securities that the Suspension Date shall be [Date].6 Accordingly, Barclays PLC hereby instructs DTC to implement a “chill” on the clearance and settlement of the Securities on the Suspension Date. As described in the Prospectus, Holders and
Beneficial Owners will not be able to settle the transfer of any Securities following the Suspension Date, and any sale or other transfer of the Securities that a Holder or Beneficial Owner may have initiated prior to the commencement to the
Suspension Date that is scheduled to settle after the Suspension Date will be rejected by DTC and will not be settled within DTC. 
 Barclays PLC further
requests DTC to post this notice on its Reorganization Inquiry for Participants System (or such other system as DTC uses for providing notices to holders of securities). 

Should DTC, any Holder or any Beneficial Owner of the Securities have any inquiries, please contact: 

[Barclays Contact Person] 
 [Telephone] 

[Fax] 
 [Email] 

 
  

	4 	 Note: Insert the date that the Conversion Shares Offer expires, which shall be no later than forty
(40) business days after the delivery of this Conversion Shares Offer Notice. 

	5	 Note: If Barclays PLC has been unable to appoint a Conversion Shares Depository (or other nominee),
it shall also include in this notice such other arrangements for the issuance and/or delivery of the Conversion Shares or the Conversion Shares Offer Consideration, as applicable, to the holders of the Securities as it has put in place.

	6 	 Note: Insert the Suspension Date, which is the date on which DTC shall suspend all clearance and
settlement of the Securities, which date shall be no later than thirty-eight (38) business days after the delivery of the Conversion Shares Offer Notice to DTC and at least two (2) business days prior to the end of the Conversion Shares Offer
Period, if any). 

  
 D-2 

 Exhibit E 

Form of Conversion Shares Settlement Request Notice7 

NOTICE TO DTC AND FOR PUBLICATION 

AS A NOTICE TO HOLDERS AND BENEFICIAL OWNERS 

[Barclays Letterhead] 
  

					
	To:	  	 [The Depository Trust Company
 55 Water Street,
25th Floor
 New York, NY 10041-0099
 Attn: Mandatory
Reorganization Department
 Fax: +1 (212) 855-5488

Email: mandatoryreorgannouncements@dtcc.com]
	  	
			
	Cc:	  	 [The Bank of New York Mellon
 Merck House

Seldown
 Poole, Dorset BH15 1PX

United Kingdom
 Attn: International Corporate Trust Services

Email: corpsov2@bnymellon.com
 Fax: 01202 689600

Tel: 01202 689978
	  	 The Bank of New York Mellon
 101 Barclay
Street
 Floor 7-E
 New
York, New York 10286
 United States of America
 Attn:
International Corporate Trust
 Fax: +1 (212) 815-5366]

 Re: Barclays PLC $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) – Notice to DTC, Holders and Beneficial Owners Requesting that Holders and Beneficial Owners Complete a Conversion Shares Settlement
Notice 
 This notice is in relation to Barclays PLC’s (the “Company”) $2,500,000,000 7.750% Fixed Rate Resetting Perpetual
Subordinated Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) issued on August 14, 2018 (the “Securities”) pursuant to the
Contingent Convertible Securities Indenture, dated August 14, 2018, between Barclays PLC and The Bank of New York Mellon, London Branch, as Trustee (the “Trustee”), as supplemented and amended by the First Supplemental
Indenture, dated August 14, 2018, between the Company and the Trustee (together, the “Indenture”), and pursuant to the prospectus supplement dated August 7, 2018, supplementing the prospectus dated April 6, 2018.
Capitalized terms used herein and not defined herein shall have the respective meanings ascribed to such terms in the Indenture. 
  

 

	7	 Note: Addresses to be reconfirmed prior to when notice is sent; subject to modification if
Securities are in definitive form and to changes in DTC (or successor clearing system) policies and procedures. 

  
 E-1 

 Barclays PLC hereby requests that Holders and Beneficial Owners of the Securities provide notice to [Name
of Conversion Shares Depository (or other nominee)], as [Conversion Shares Depository]8, and the Trustee in the form provided in Appendix A before [Date]9 (the “Notice Cut-off Date”). 
 If a Holder or
Beneficial Owner of the Securities properly completes and delivers a Conversion Shares Settlement Notice on or before the Notice Cut-off Date, the Conversion Shares Depository shall, in accordance with the
terms of the First Supplemental Indenture, deliver to such Holder or Beneficial Owner the relevant Conversion Shares (rounded down to the nearest whole number of Conversion Shares) or Conversion Shares Offer Consideration, as applicable, two
(2) Business Days after the date on which the Conversion Shares Settlement Notice is received by the Conversion Shares Depository. 
 If a Holder or
Beneficial Owner of the Securities fails to properly complete and deliver a Conversion Shares Settlement Notice before the Notice Cut-off Date, the Conversion Shares Depository shall continue to hold the
relevant Conversion Shares (or Conversion Shares Component, if applicable). However, the relevant Securities shall be cancelled on the Final Cancellation Date, which shall be [Date],10 and
any Holder or Beneficial Owner delivering a Conversion Shares Settlement Notice after the Notice Cut-off Date will have to provide evidence of its entitlement to the relevant Conversion Shares (or the relevant
Conversion Shares Component, if applicable) satisfactory to the [Conversion Shares Depository] in its sole and absolute discretion in order to receive delivery of such Conversion Shares (or the relevant Conversion Shares Component, if applicable).

 Barclays PLC further requests DTC to post this notice on its Reorganization Inquiry for Participants System (or such other system as DTC uses for
providing notices to holders of securities). 
 Should DTC, any Holder or any Beneficial Owner of the Securities have any inquiries, please contact: 

[Barclays Contact Person] 
 [Telephone] 

[Fax] 
 [Email] 

 
  

	8	 Note: If Barclays PLC has been unable to appoint a Conversion Shares Depository, this should refer to
the entity undertaking its functions. 

	9	 Note: The Notice-Cut-off Date must be at least forty (40) business days following the
Suspension Date. 

	10 	 Note: The Final Cancellation Date may be up to twelve (12) business days following the Notice
Cut-Off Date. 

  
 E-2 

 Appendix A 

Form of Conversion Shares Settlement Notice11 

NOTICE TO THE [CONVERSION SHARES DEPOSITORY AND] DTC 
  

					
	To:	 	 [The Depository Trust Company
 55 Water
Street, 25th Floor
 New York, NY 10041-0099
 Attn: Mandatory
Reorganization Department
 Fax: +1 (212) 855-5488

Email: mandatoryreorgannouncements@dtcc.com]
	 	 [Contact details of [Conversion Shares

Depository] to be included.]

			
	Cc:	 	 [The Bank of New York Mellon
 Merck House

Seldown
 Poole, Dorset BH15 1PX

United Kingdom
 Attn: International Corporate Trust Services

Email: corpsov2@bnymellon.com
 Fax: 01202 689600

Tel: 01202 689978
	 	 The Bank of New York Mellon
 101 Barclay
Street
 Floor 7-E
 New
York, New York 10286
 United States of America
 Attn:
International Corporate Trust
 Fax: +1 (212) 815-5366]

 Re: Barclays PLC $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) – Conversion Shares Settlement Notice to the [Conversion Shares Depository and] DTC 

This notice is in relation to Barclays PLC’s (the “Company”) $2,500,000,000 7.750% Fixed Rate Resetting Perpetual Subordinated
Contingent Convertible Securities (Callable September 15, 2023 and Every Five Years Thereafter) (CUSIP: 06738E BA2, ISIN: US06738EBA29) issued on August 14, 2018 (the “Securities”) pursuant to the Contingent Convertible
Securities Indenture, dated August 14, 2018, between Barclays PLC and The Bank of New York Mellon, London Branch, as Trustee (“Trustee”), as supplemented and amended by the First Supplemental Indenture, dated August 14,
2018, between the Company and the Trustee (together, the “Indenture”), and pursuant to the prospectus supplement dated August 7, 2018, supplementing the prospectus dated April 6, 2018. Capitalized terms used herein and not
defined herein shall have the respective meanings ascribed to such terms in the Indenture. 
  

 

	11	 Note: Addresses to be reconfirmed prior to when notice is sent; subject to modification if Securities
are in definitive form and to changes in DTC and CREST (or successor clearing system) policies and procedures. 

  
 E-3 

			
	INFORMATION OF THE HOLDER OR BENEFICIAL OWNER FOR DELIVERY OF CONVERSION SHARES OR CONVERSION SHARES OFFER CONSIDERATION
		
	Surname/Company Name	  	First name
	
	Name to be entered in Barclays PLC’s share register
	
	Tradable Amount of the Securities held on the date hereof
		
	CREST participant ID	  	CREST member account (if applicable)
	
	Cash account details (if applicable)
	
	[Account details of clearing system account]12
	
	[Address to which any Conversion Shares should be delivered]13

 YOU MUST DELIVER THE CONVERSION SHARES SETTLEMENT NOTICE TO THE CONVERSION SHARES DEPOSITORY AND THE TRUSTEE VIA DTC BEFORE
[DATE].14 
 If you fail to properly complete and deliver the Conversion
Shares Settlement Notice on or before the Notice Cut-off Date, the Conversion Shares Depository shall continue to hold your Conversion Shares (or Conversion Shares Component, if applicable). However, your
Securities shall be cancelled on the Final Cancellation Date, which shall be [Date],15 and you will have to provide evidence of your entitlement to the relevant Conversion Shares (or the
relevant Conversion Shares Component, if applicable) satisfactory to the Conversion Shares Depository in its sole and absolute discretion in order to receive delivery of such Conversion Shares (or Conversion Shares Component, if any, of any
Conversion Shares Offer Consideration). 
  
  

	12 	 Note: To be included if the Conversion Shares will be delivered through a clearing system
account other than CREST. 

	13 	 Note: To be included if the Conversion Shares are not a participating security in CREST or any
another clearing system. 

	14 	 Note: The Notice Cut-off Date must be at least forty
(40) business days following the Suspension Date. 

	15 	 Note: The Final Cancellation Date may be up to twelve (12) business days following
the Notice Cut-off Date. 

  
 E-4Exhibit

Exhibit 4.1

This instrument was prepared by,
and when recorded should be
returned to:

Richard W. Astle 
Sidley Austin LLP
One South Dearborn Street
Chicago, Illinois 60603

	
	
	

SUPPLEMENTAL INDENTURE
Dated as of July 26, 2018
COMMONWEALTH EDISON COMPANY
to
BNY MELLON TRUST COMPANY OF ILLINOIS
and
D.G. DONOVAN
Trustees Under Mortgage Dated July 1, 1923,
and Certain
Indentures Supplemental Thereto
Providing for Issuance of
FIRST MORTGAGE 3.700% BONDS, SERIES 125
Due August 15, 2028

Exhibit 4.1

THIS SUPPLEMENTAL INDENTURE, dated as of July 26, 2018, between COMMONWEALTH EDISON COMPANY, a corporation organized and existing under the laws of the State of Illinois (hereinafter called the “Company”) having an address at 440 South LaSalle Street, Suite 3300, Chicago, Illinois 60605, party of the first part, BNY MELLON TRUST COMPANY OF ILLINOIS (formerly known as BNY Midwest Trust Company), a trust company organized and existing under the laws of the State of Illinois having an address at 2 North LaSalle Street, Suite 700, Chicago, Illinois 60602, and D.G. DONOVAN, an individual having an address at 2 North LaSalle Street, Suite 700, Chicago, Illinois 60602, as Trustee and Co-Trustee, respectively, under the Mortgage of the Company dated July 1, 1923, as amended and supplemented by Supplemental Indenture dated August 1, 1944 and the subsequent supplemental indentures hereinafter mentioned, parties of the second part (said Trustee being hereinafter called the “Trustee”, the Trustee and said Co-Trustee being hereinafter together called the “Trustees”, and said Mortgage dated July 1, 1923, as amended and supplemented by said Supplemental Indenture dated August 1, 1944 and subsequent supplemental indentures, being hereinafter called the “Mortgage”),

W  I  T  N  E  S  S  E  T  H:

WHEREAS, the Company duly executed and delivered the Mortgage to provide for the issue of, and to secure, its bonds, issuable in series and without limit as to principal amount except as provided in the Mortgage; and
WHEREAS, the Company from time to time has executed and delivered supplemental indentures to the Mortgage to provide for (i) the creation of additional series of bonds secured by the Mortgage, (ii) the amendment of certain of the terms and provisions of the Mortgage and (iii) the confirmation of the lien of the Mortgage upon property of the Company, such supplemental indentures that are currently effective and the respective dates, parties thereto and purposes thereof, being as follows:
	
			
	Supplemental Indenture Date
	

Parties
	

Providing For

	August 1, 1944
	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee
	Amendment and restatement of Mortgage dated July 1, 1923

	August 1, 1946
	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 1, 1953
	Company to Continental Illinois National Bank and Trust Company of Chicago and Edmond B. Stofft, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	March 31, 1967
	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 1, 1967
	Company to Continental Illinois National Bank and Trust Company of Chicago and Edward J. Friedrich, as Trustee and Co-Trustee
	Amendment of Sections 3.01, 3.02, 3.05 and 3.14 of the Mortgage and issuance of First Mortgage 5-3/8% Bonds, Series Y

1

	
			
	Supplemental Indenture Date
	

Parties
	

Providing For

	February 28, 1969
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	May 29, 1970
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	June 1, 1971
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 1, 1972
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	May 31, 1972
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	June 15, 1973
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	May 31, 1974
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	June 13, 1975
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	May 28, 1976
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	June 3, 1977
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	May 17, 1978
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	August 31, 1978
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

2

	
			
	Supplemental Indenture Date
	

Parties
	

Providing For

	June 18, 1979
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	June 20, 1980
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 16, 1981
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 30, 1982
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 15, 1983
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 13, 1984
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 15, 1985
	Company to Continental Illinois National Bank and Trust Company of Chicago and Donald W. Alfvin, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	April 15, 1986
	Company to Continental Illinois National Bank and Trust Company of Chicago and M.J. Kruger, as Trustee and Co-Trustee
	Confirmation of mortgage lien

	January 13, 2003
	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee
	Issuance of First Mortgage 3.700% Bonds, Series 99 and First Mortgage 5.875% Bonds, Series 100

	February 22, 2006
	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee
	Issuance of First Mortgage 5.90% Bonds, Series 103

	March 1, 2007
	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee
	Issuance of additional First Mortgage 5.90% Bonds, Series 103

	December 20, 2007
	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee
	Issuance of First Mortgage 6.45% Bonds, Series 107

	March 10, 2008
	Company to BNY Midwest Trust Company and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 5.80% Bonds, Series 108

	July 12, 2010
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 4.00% Bonds, Series 109

3

	
			
	Supplemental Indenture Date
	

Parties
	

Providing For

	August 22, 2011
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 1.95% Bonds, Series 111 and First Mortgage 3.40% Bonds, Series 112

	September 17, 2012
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 3.80% Bonds, Series 113

	August 1, 2013
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 4.60% Bonds, Series 114

	January 2, 2014
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 2.150% Bonds, Series 115 and First Mortgage 4.700% Bonds, Series 116

	October 28, 2014
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 3.10% Bonds, Series 117

	February 18, 2015
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 3.70% Bonds, Series 118

	November 4, 2015
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Section 15.06 of the Mortgage and issuance of First Mortgage 4.350% Bonds, Series 119

	June 15, 2016
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Sections 15.01 and 15.06 of the Mortgage and issuance of First Mortgage 2.550% Bonds, Series 120 and First Mortgage 3.650% Bonds, Series 121

	August 9, 2017
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Sections 15.01 and 15.06 of the Mortgage and issuance of First Mortgage 2.950% Bonds, Series 122 and First Mortgage 3.750% Bonds, Series 123

	February 6, 2018
	Company to BNY Mellon Trust Company of Illinois and D.G. Donovan, as Trustee and Co-Trustee
	Amendment of Sections 15.01 and 15.06 of the Mortgage and issuance of First Mortgage 4.000% Bonds, Series 124

4

WHEREAS, the respective designations, maturity dates and stated principal amounts of the bonds of each series presently outstanding under, and secured by, the Mortgage and the several supplemental indentures above referred to, are as follows:
	
					
	Designation
	Maturity Date
	Principal Amount

	First Mortgage 5.875% Bonds, Series 100
	February 1, 2033
	253,600,000
	

	First Mortgage 5.90% Bonds, Series 103
	March 15, 2036
	625,000,000
	

	First Mortgage 6.45% Bonds, Series 107
	January 15, 2038
	450,000,000
	

	First Mortgage 4.00% Bonds, Series 109
	August 1, 2020
	500,000,000
	

	First Mortgage 3.40% Bonds, Series 112
	September 1, 2021
	350,000,000
	

	First Mortgage 3.80% Bonds, Series 113
	October 1, 2042
	350,000,000
	

	First Mortgage 4.60% Bonds, Series 114
	August 15, 2043
	350,000,000
	

	First Mortgage 2.150% Bonds, Series 115
	January 15, 2019
	300,000,000
	

	First Mortgage 4.700% Bonds, Series 116
	January 15, 2044
	350,000,000
	

	First Mortgage 3.10% Bonds, Series 117
	November 1, 2024
	250,000,000
	

	First Mortgage 3.70% Bonds, Series 118
	March 1, 2045
	400,000,000
	

	First Mortgage 4.350% Bonds, Series 119
	November 15, 2045
	450,000,000
	

	First Mortgage 2.550% Bonds, Series 120
	June 15, 2026
	500,000,000
	

	First Mortgage 3.650% Bonds, Series 121
	June 15, 2046
	700,000,000
	

	First Mortgage 2.950% Bonds, Series 122
	August 15, 2027
	350,000,000
	

	First Mortgage 3.750% Bonds, Series 123
	August 15, 2047
	650,000,000
	

	First Mortgage 4.000% Bonds, Series 124
	March 1, 2048
	800,000,000
	

	 
	Total
	

	$7,628,600,000
	

WHEREAS, the Mortgage provides for the issuance from time to time thereunder, in series, of bonds of the Company for the purposes and subject to the limitations therein specified; and
WHEREAS, the Company desires, by this Supplemental Indenture, to create an additional series of bonds to be issuable under the Mortgage, such bonds to be designated “First Mortgage 3.700% Bonds, Series 125” (hereinafter called the “bonds of Series 125”), and the terms and provisions to be contained in the bonds of Series 125, or to be otherwise applicable thereto to be as set forth in this Supplemental Indenture; and
WHEREAS, the bonds of Series 125 and the Trustee’s certificate to be endorsed thereon shall be substantially in the form of the General Form of Registered Bond Without Coupons and the form of the General Form of Trustee’s Certificate set forth in Section 3.05 of the Supplemental Indenture dated August 1, 1944 to the Mortgage with such appropriate insertions, omissions and variations in order to express the designation, date, maturity date, annual interest rate, record dates for, and dates of, payment of interest, denominations, terms of redemption and redemption prices, and other terms and characteristics authorized or permitted by the Mortgage or not inconsistent therewith; and
WHEREAS, the Company is legally empowered and has been duly authorized by the necessary corporate action and by an order or orders of the Illinois Commerce Commission to make, execute and deliver this Supplemental Indenture, to create, as an additional series of bonds of the Company, the bonds of Series 125, and all acts and things whatsoever necessary to make this Supplemental Indenture, when 

5

executed and delivered by the Company and the Trustees, a valid, binding and legal instrument, and to make the bonds of Series 125, when authenticated by the Trustee and issued as in the Mortgage and in this Supplemental Indenture provided, the valid, binding and legal obligations of the Company, entitled in all respects to the security of the Mortgage, as amended and supplemented, have been done and performed;
NOW, THEREFORE, in consideration of the premises and of the sum of one dollar duly paid by the Trustees to the Company, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:
SECTION 1.  Designation and Issuance of Bonds of Series 125.  The bonds of Series 125 shall, as hereinbefore recited, be designated as the Company’s “First Mortgage 3.700% Bonds, Series 125,” and shall be issued in the original aggregate principal amount of $550,000,000.  Subject to the provisions of the Mortgage, additional bonds of Series 125 may be issued without limitation as to the aggregate principal amount thereof.
SECTION 2.  Form, Date, Maturity Date, Interest Rate and Interest Payment Dates of Bonds of Series 125.  (a)  The definitive bonds of Series 125 shall be in engraved, lithographed, printed or typewritten form and shall be registered bonds without coupons; and such bonds and the Trustee's certificate to be endorsed thereon shall be substantially in the forms hereinbefore recited, respectively.  The bonds of Series 125 shall be dated as provided in Section 3.01 of the Mortgage, as amended by Supplemental Indenture dated April 1, 1967.
(b)    The bonds of Series 125 shall mature on August 15, 2028.
(c)    The bonds of Series 125 shall bear interest at the rate of 3.700% per annum until the principal thereof shall be paid.
(d)    Interest on the bonds of Series 125 shall be payable semi-annually on the fifteenth day of February and the fifteenth day of August in each year, commencing February 15, 2019.  February 1 and August 1 in each year are hereby established as record dates for the payment of interest payable on the next succeeding interest payment dates, respectively.  The interest on each bond of Series 125 so payable on any interest payment date shall, subject to the exceptions provided in Section 3.01 of the Mortgage, as amended by said Supplemental Indenture dated April 1, 1967, be paid to the person in whose name such bond is registered at the close of business on February 1 or August 1, as the case may be, next preceding such interest payment date.
SECTION 3.  Execution of Bonds of Series 125.  The bonds of Series 125 shall be executed on behalf of the Company by its President or one of its Vice Presidents, manually or by facsimile signature, and shall have its corporate seal affixed thereto or a facsimile of such seal imprinted thereon, attested by its Secretary or one of its Assistant Secretaries, manually or by facsimile signature, all as may be provided by resolution of the Board of Directors of the Company.  In case any officer or officers whose signature or signatures, manual or facsimile, shall appear upon any bond of Series 125 shall cease to be such officer or officers before such bond shall have been actually authenticated and delivered, such bond nevertheless may be issued, authenticated and delivered with the same force and effect as though the person or persons whose signature or signatures, manual or facsimile, appear thereon had not ceased to be such officer or officers of the Company.

6

SECTION 4.  Medium and Places of Payment of Principal of and Interest on Bonds of Series 125; Transferability and Exchangeability.  Both the principal of and interest on the bonds of Series 125 shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, and both such principal and interest shall be payable at the office or agency of the Company in the City of Chicago, State of Illinois, or, at the option of the registered owner, at the office or agency of the Company in the Borough of Manhattan, The City of New York, State of New York, and such bonds shall be transferable and exchangeable, in the manner provided in Sections 3.09 and 3.10 of the Mortgage, at said office or agency.  No charge shall be made by the Company to the registered owner of any bond of Series 125 for the transfer of such bond or for the exchange thereof for bonds of other authorized denominations, except, in the case of transfer, a charge sufficient to reimburse the Company for any stamp or other tax or governmental charge required to be paid by the Company or the Trustee.
SECTION 5.  Denominations and Numbering of Bonds of Series 125.  The bonds of Series 125 shall be issued in the denomination of $2,000 and in such multiples of $1,000 as shall from time to time hereafter be determined and authorized by the Board of Directors of the Company or by any officer or officers of the Company authorized to make such determination, the authorization of the denomination of any bond of Series 125 to be conclusively evidenced by the execution thereof on behalf of the Company.  Bonds of Series 125 shall be numbered R-1 and consecutively upwards.
SECTION 6.  Temporary Bonds of Series 125.  Until definitive bonds of Series 125 are ready for delivery, there may be authenticated and issued in lieu of any thereof and subject to all of the provisions, limitations and conditions set forth in Section 3.11 of the Mortgage, temporary registered bonds without coupons of Series 125.
SECTION 7.  Redemption of Bonds of Series 125.  (a)  The bonds of Series 125 shall be redeemable, at the option of the Company, as a whole or in part, at any time prior to May 15, 2028 (three months prior to the maturity date of the bonds of Series 125) upon notice sent by the Company through the mail, postage prepaid, at least thirty (30) days and not more than forty-five (45) days prior to the date fixed for redemption, to the registered holder of each bond to be redeemed in whole or in part, addressed to such holder at his address appearing upon the registration books, at a redemption price equal to the greater of
(1)    100% of the principal amount of the bonds of Series 125 to be redeemed, plus accrued and unpaid interest up to but excluding the redemption date, or
(2)    as determined by the Quotation Agent (as hereinafter defined), the sum of the present values of the remaining scheduled payments of principal and interest on the bonds of Series 125 to be redeemed that would be due if such bonds matured on May 15, 2028 but for the redemption (not including any portion of payments of interest accrued as of the redemption date), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as hereinafter defined) plus twelve and one-half (12.5) basis points, plus accrued and unpaid interest up to but excluding the redemption date.
The bonds of Series 125 shall be redeemable, at the option of the Company, as a whole or in part, at any time on or after May 15, 2028 upon notice sent by the Company through the mail, postage prepaid, at least thirty (30) days and not more than forty-five (45) days prior to the date fixed for redemption, to the registered holder of each bond to be redeemed in whole or in part, addressed to such holder at his address 

7

appearing upon the registration books, at a redemption price equal to 100% of the principal amount of the bonds of Series 125 to be redeemed, plus accrued and unpaid interest on those bonds of Series 125 up to but excluding the redemption date.  
Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the bonds of Series 125 or portions of the bonds of Series 125 called for redemption.
(b)    For purposes of the foregoing Section 7(a), the following terms shall have the respective meanings set forth below:
“Adjusted Treasury Rate” means, with respect to any redemption date, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the redemption date.
“Business Day” means any day that is not a day on which banking institutions in New York City are authorized or required by law or regulation to close.
“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the bonds of Series 125 to be redeemed (assuming, for that purpose, that the Series 125 bonds matured on May 15, 2028 that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds of Series 125.
“Comparable Treasury Price” means, with respect to any redemption date:
(i)    the average of the Reference Treasury Dealer Quotations for that redemption date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations; or
(ii)    if the Quotation Agent obtains fewer than three Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received.
“Quotation Agent” means the Reference Treasury Dealer appointed by the Company.
“Reference Treasury Dealer” means (1) each of (a) BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and (b) a Primary Treasury Dealer selected by U.S. Bancorp Investments, Inc., and in each case their respective successors and affiliates, unless any of them ceases to be a primary U.S. Government securities dealer in the United States of America (“Primary Treasury Dealer”), in which case the Company shall substitute another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Company.
“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by that Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that redemption date.

8

(c)    In case the Company shall desire to exercise such right to redeem and pay off all or any part of such bonds of Series 125 as hereinbefore provided, it shall comply with all the terms and provisions of Article V of the Mortgage applicable thereto, and such redemption shall be made under and subject to the terms and provisions of Article V and in the manner and with the effect therein provided, but at the time or times and upon mailing of notice, all as hereinbefore set forth in this Section 7.  No publication of notice of any redemption of any bonds of Series 125 shall be required under Section 5.03(a) of the Mortgage.
(d)    Notwithstanding any provision of this Section 7, in the event the bonds of Series 125 are registered in the name of DTC (as defined below) or its nominee, as provided in Section 8 hereof, any notice of redemption with respect to the bonds of Series 125 shall be delivered in accordance with the applicable procedures of DTC.
SECTION 8.  Book-Entry Only System. It is intended that the bonds of Series 125 be registered so as to participate in the securities depository system (the “DTC System”) with The Depository Trust Company (“DTC”), as set forth herein.  The bonds of Series 125 shall be initially issued in the form of a fully registered bond or bonds in the name of Cede & Co., or any successor thereto, as nominee for DTC.  The Company and the Trustees are authorized to execute and deliver such letters to or agreements with DTC as shall be necessary to effectuate the DTC System, including the Letter of Representations from the Company and the Trustees to DTC relating to the bonds of Series 125 (the “Representation Letter”).  In the event of any conflict between the terms of the Representation Letter and the Mortgage, the terms of the Mortgage shall control.  DTC may exercise the rights of a bondholder only in accordance with the terms hereof applicable to the exercise of such rights.
With respect to bonds of Series 125 registered in the name of DTC or its nominee, the Company and the Trustees shall have no responsibility or obligation to any broker-dealer, bank or other financial institution for which DTC holds such bonds from time to time as securities depository (each such broker-dealer, bank or other financial institution being referred to herein as a “Depository Participant”) or to any person on behalf of whom such a Depository Participant holds an interest in such bonds (each such person being herein referred to as an “Indirect Participant”).  Without limiting the immediately preceding sentence, the Company and the Trustees shall have no responsibility or obligation with respect to:
(i)    the accuracy of the records of DTC, its nominee or any Depository Participant with respect to any ownership interest in the bonds of Series 125,
(ii)    the delivery to any Depository Participant or any Indirect Participant or any other person, other than a registered owner of a bond of Series 125, of any notice with respect to the bonds of Series 125, including any notice of redemption,
(iii)    the payment to any Depository Participant or Indirect Participant or any other person, other than a registered owner of a bond of Series 125, of any amount with respect to principal of, redemption premium, if any, on, or interest on, the bonds of Series 125, or
(iv)    any consent given by DTC as registered owner.
So long as certificates for the bonds of Series 125 are not issued as hereinafter provided, the Company and the Trustees may treat DTC or any successor securities depository as, and deem DTC or any successor securities depository to be, the absolute owner of such bonds for all purposes whatsoever, including, without limitation, (1) the payment of principal and interest on such bonds, (2) giving notice of matters (including redemption) with respect to such bonds and (3) registering transfers with respect to 

9

such bonds. While a bond of Series 125 is in the DTC System, no person other than DTC or its nominee shall receive a certificate with respect to such bond.
In the event that:
(a)    DTC notifies the Company that it is unwilling or unable to continue as depositary or if DTC ceases to be a clearing agency registered under applicable law and a successor depositary is not appointed by the Company within 90 days,
(b)    the Company determines that the beneficial owners of the bonds of Series 125 should be able to obtain certificated bonds and so notifies the Trustees in writing or
(c)    there shall have occurred and be continuing a completed default or any event which after notice or lapse of time or both would be a completed default with respect to the bonds of Series 125,
the bonds of Series 125 shall no longer be restricted to being registered in the name of DTC or its nominee.  In the case of clause (a) of the preceding sentence, the Company may determine that the bonds of Series 125 shall be registered in the name of and deposited with a successor depository operating a securities depository system, as may be acceptable to the Company and the Trustees, or such depository's agent or designee, and if the Company does not appoint a successor securities depository system within 90 days, then the bonds may be registered in whatever name or names registered owners of bonds transferring or exchanging such bonds shall designate, in accordance with the provisions hereof.
Notwithstanding any other provision of the Mortgage to the contrary, so long as any bond of Series 125 is registered in the name of DTC or its nominee, all payments with respect to principal of and interest on such bond and all notices with respect to such bond shall be made and given, respectively, in the manner provided in the Representation Letter.
SECTION 9.  Legends.  So long as the bonds of Series 125 are held by DTC, such bonds of Series 125 shall bear the following legend:
Unless this bond is presented by an authorized representative of the Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any bond issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by a person is wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest herein.
SECTION 10.  Confirmation of Lien.  The Company, for the equal and proportionate benefit and security of the holders of all bonds at any time issued under the Mortgage, hereby confirms the lien of the Mortgage upon, and hereby grants, bargains, sells, transfers, assigns, pledges, mortgages, warrants and conveys unto the Trustees, all property of the Company and all property hereafter acquired by the Company, other than (in each case) property which, by virtue of any of the provisions of the Mortgage, is excluded from such lien, and hereby confirms the title of the Trustees (as set forth in the Mortgage) in and to all such property.  Without in any way limiting or restricting the generality of the foregoing, there is specifically included within the confirmation of lien and title hereinabove expressed the property of the Company legally described on Exhibit A attached hereto and made a part hereof.

10

SECTION 11.  Amendment of Provisions of Mortgage.  (a)  Section 15.06 of the Mortgage shall be amended and restated to read in its entirety as follows:
SECTION 15.06.  The Trustee and any successor to the Trustee may resign and be discharged from the trusts created by this Mortgage by giving notice thereof in writing to the Company, specifying the date when such resignation shall take effect, and by giving notice thereof to the bondholders in the manner and to the extent provided under Section 15.10(c), and by publishing such notice at least once a week for three successive calendar weeks (the first such publication to be not less than thirty days nor more than sixty days prior to the effective date of such resignation) in one authorized newspaper in the City of Chicago, State of Illinois, and in one authorized newspaper in the Borough of Manhattan, The City of New York, State of New York.  Subject to the provisions of Sections 15.04 and 15.05, such resignation shall take effect on the date specified in such notice unless previously a successor Trustee shall have been appointed as hereinafter provided, in which event such resignation shall take effect upon the appointment of such successor Trustee. The Co-Trustee and any successor to the Co-Trustee may resign at any time and be discharged from the trusts hereby created by giving the Trustee and the Company notice in writing of such resignation, specifying a date when such resignation shall take effect, which shall be at least thirty days after the giving of such notice.  Such resignation shall, subject to the provisions of Sections 15.04 and 15.05, take effect on the date specified in such notice unless previously a successor trustee shall have been appointed as hereinafter provided, in which event such resignation shall take effect immediately upon the appointment of such a successor trustee.
Either of the Trustees or any successor trustee may be removed at any time by the holders of a majority in principal amount of the bonds issued hereunder and at the time outstanding, upon payment to the trustee so removed of all moneys then due to it or him hereunder, by an instrument or concurrent instruments in writing, signed in duplicate by such holders.  One copy shall be filed with the Company and the other with the trustee so removed.
The Co-Trustee and any successor to the Co-Trustee may be removed at any time by an instrument in writing signed in duplicate by the Trustee, one copy of which shall be filed with the Company and the other delivered to the Co-Trustee so removed.
In case at any time either of the Trustees or any successor trustee shall resign, die, be dissolved or be removed or otherwise shall become disqualified to act or incapable of acting, or in case control of the Trustee or of any successor trustee, or of its officers shall be taken over by any public officer or officers, a successor trustee may be appointed by the holders of a majority in principal amount of the bonds issued hereunder and at the time outstanding by an instrument or concurrent instruments in writing signed in duplicate by such holders, and filed, one copy with the retiring trustee and the other with the successor trustee, notification thereof being given to the Company by such successor trustee; but until a successor trustee shall be so appointed by the bondholders as herein authorized, the Company, by an instrument in writing, executed by order of the Board of Directors, shall in any such case appoint a successor to the Trustee and the Trustee shall, by an instrument in writing in any such case, appoint a successor to the Co-Trustee.  Every such successor to the Trustee so appointed by the bondholders, by a court of competent jurisdiction or by the Company shall be a bank or trust company in good standing organized and doing business under the laws of the United States or of any State, having an office in the United States of America, and (a) which shall be a corporation having a combined capital and surplus of not less than $5,000,000, (b) which shall be authorized under the laws of the jurisdiction of incorporation to exercise corporate trust powers, and (c) which shall be subject to supervision or examination by a Federal or State authority.  If such successor 

11

Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, the combined capital and surplus of such successor Trustee shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.  Every such successor trustee appointed by the bondholders or by the Trustee in succession to the Co-Trustee shall always be an individual, a citizen of the United States of America, unless otherwise required by law.
Anything hereinabove to the contrary notwithstanding, in case at any time the Co-Trustee, or any successor thereto, shall die, become incapable of acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of the Trustees hereunder shall, to the extent permitted by law, vest in and be exercised by the Trustee, without the appointment of a successor Co-Trustee.
If in a proper case no appointment of a successor to the Trustee or of a successor to the Co-Trustee shall be made pursuant to the foregoing provisions of this Article XV within six months after a vacancy shall have occurred in the office of trustee, the holder of any bond or the retiring Trustee or Co-Trustee may apply to any court, State or Federal having jurisdiction to appoint a successor trustee, and such court may thereupon, after such notice, if any, as such court may deem proper and prescribe, appoint a successor to the Trustee or to the Co-Trustee, as the case may be.
(b)    Section 15.01 of the Mortgage shall be amended to add the following new Sections 15.01(k), 15.01(l) and 15.01(m):
(k)    In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.
(l)    In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.
(m)    In the event that certificates for the bonds of a series are issued to registered holders of such bonds other than a securities depository, the Company agrees:
(1)    to cooperate with the Trustee in the determination of whether there are any United States tax withholding obligations in respect of payments to be made on those bonds under this Mortgage by providing the Trustee with information within the Company’s possession or control about the holders of those bonds or other applicable parties and/or transactions (including any modification to the terms of such transactions) so the Trustee can determine whether it has United States tax related obligations under applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”), 

12

(2)    the Trustee shall be entitled to make any withholding or deduction from payments otherwise payable to the holders of those bonds under this Mortgage to the extent necessary to comply with Applicable Law for which the Trustee shall not have any liability, and 
(3)    to hold harmless the Trustee for any losses it may suffer due to the actions the Trustee takes in respect of those bonds to comply with Applicable Law; provided that the Trustee has acted in good faith and has not been negligent in such compliance.  
(c)    The holders of the bonds of Series 125 shall be deemed to have approved the amendments set forth in Sections 11(a) and 11(b); however, those amendments shall not become effective until such time as the amendments shall have received the requisite approvals under the provisions of the Mortgage.
SECTION 12.  Miscellaneous.  The terms and conditions of this Supplemental Indenture shall be deemed to be a part of the terms and conditions of the Mortgage for any and all purposes. The Mortgage, as supplemented by said indentures supplemental thereto dated subsequent to August 1, 1944 and referred to in the recitals of this Supplemental Indenture, and as further supplemented by this Supplemental Indenture, is in all respects hereby ratified and confirmed.
This Supplemental Indenture shall bind and, subject to the provisions of Article XIV of the Mortgage, inure to the benefit of the respective successors and assigns of the parties hereto.
Although this Supplemental Indenture is dated as of July 26, 2018, it shall be effective only from and after the actual time of its execution and delivery by the Company and the Trustees on the date indicated by their respective acknowledgments hereto annexed.
Notwithstanding anything to the contrary contained in the Mortgage, the maximum amount of indebtedness secured by the Mortgage shall not exceed 200% of the aggregate stated principal amount of the bonds of each series presently outstanding under, and secured by, the Mortgage, as set forth in the Recitals to this Supplemental Indenture, except to the extent such maximum amount may be adjusted by a subsequent recorded supplemental indenture (which adjustment, and the corresponding supplemental indenture, shall not require the consent or approval of the holders of any bonds then outstanding under the Mortgage, including the holders of the bonds of Series 125).
This Supplemental Indenture may be simultaneously executed in any number of counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.
The recitals contained herein shall be taken as the statements of the Company, and the Trustees assume no responsibility for their correctness.  The Trustees make no representations as to the validity or sufficiency of this Supplemental Indenture.

13

IN WITNESS WHEREOF, Commonwealth Edison Company has caused this Supplemental Indenture to be executed in its name by its Senior Vice President, Chief Financial Officer and Treasurer, and attested by its Assistant Secretary, and BNY Mellon Trust Company of Illinois, as Trustee under the Mortgage, has caused this Supplemental Indenture to be executed in its name by one of its Vice Presidents, and attested by one of its Vice Presidents, and D.G. Donovan, as Co-Trustee under the Mortgage, has hereunto affixed his signature, all as of the day and year first above written.
COMMONWEALTH EDISON COMPANY
By:     /s/ Jeanne M. Jones
Jeanne M. Jones
Senior Vice President, 
Chief Financial Officer and Treasurer

ATTEST:
/s/ Brian J. Buck
Brian J. Buck
Assistant Secretary
BNY MELLON TRUST COMPANY  
OF ILLINOIS
By:     /s/ R. Tarnas
R. Tarnas
Vice President

ATTEST:
/s/ M. Callahan
M. Callahan
Vice President
/s/ D.G. Donovan
D.G. Donovan

14

STATE OF ILLINOIS    )
)
COUNTY OF COOK        )

I, MARY E. NOLAN, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that Jeanne M. Jones, Senior Vice President, Chief Financial Officer and Treasurer of Commonwealth Edison Company, an Illinois corporation, one of the parties described in and which executed the foregoing instrument, and Brian J. Buck, Assistant Secretary of said corporation, who are both personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary, respectively, and who are both personally known to me to be Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary, respectively, of said corporation, appeared before me this day in person and severally acknowledged that they signed, executed and delivered said instrument as their free and voluntary act as such Senior Vice President, Chief Financial Officer and Treasurer and Assistant Secretary, respectively, of said corporation, and as the free and voluntary act of said corporation, for the uses and purposes therein set forth.

GIVEN under my hand and notarial seal this 26th day of July, A.D. 2018.

/s/ Mary E. Nolan
Mary E. Nolan
Notary Public

(NOTARIAL SEAL)

My Commission expires April 23, 2021.

15

STATE OF ILLINOIS    )
)
COUNTY OF COOK        )

I, COLLEEN SKETCH, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that R. TARNAS, Vice President of BNY Mellon Trust Company of Illinois, an Illinois trust company, one of the parties described in and which executed the foregoing instrument, and M. CALLAHAN, Vice President of said trust company, who are both personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such Vice Presidents, and who are both personally known to me to be Vice Presidents of said trust company, appeared before me this day in person and severally acknowledged that they signed, executed and delivered said instrument as their free and voluntary act as such Vice Presidents of said trust company, and as the free and voluntary act of said trust company, for the uses and purposes therein set forth.
GIVEN under my hand and notarial seal this 26th day of July, A.D. 2018.

/s/ Colleen Sketch
Colleen Sketch
Notary Public
(NOTARIAL SEAL)

My Commission expires May 20, 2021.

16

EXHIBIT A

LEGAL DESCRIPTIONS

[omitted]

17

STATE OF ILLINOIS    )
)
COUNTY OF COOK        )

I, ALVIN COURTS II, a Notary Public in and for said County, in the State aforesaid, DO HEREBY CERTIFY that D.G. DONOVAN, one of the parties described in and which executed the foregoing instrument, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed, executed and delivered said instrument as his free and voluntary act for the uses and purposes therein set forth.

GIVEN under my hand and notarial seal this 26th day of July, A.D. 2018.

/s/ Alvin Courts II
Alvin Courts II
Notary Public
(NOTARIAL SEAL)

My Commission expires June 15, 2020.

18

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