Document:

Document

Exhibit 10.4

Execution Version
[***] CERTAIN INFORMATION IN THIS DOCUMENT HAS BEEN EXCLUDED 
PURSUANT TO REGULATION S-K, ITEM 601(B)(10). SUCH EXCLUDED 
INFORMATION IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE 
REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. 
 

AMENDMENT NO. 5 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 
THIS AMENDMENT NO. 5 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this "Amendment"), dated as of July 11, 2022, and effective as of July 8, 2022 (the "Effective Date"), to that certain Amended and Restated Revolving Credit Agreement, dated as of January 31, 2020 (as amended, restated supplemented or otherwise modified prior to the date hereof, the "Existing Credit Agreement" and, as amended by this Amendment, the "Amended Credit Agreement"), among Opportunity Funding SPE III, LLC (the "Borrower"), Opportunity Financial, LLC (the "Company"), as originator (in such capacity, the "Originator"), as servicer (in such capacity, the "Servicer"), as a Guarantor (as defined in the Amended Credit Agreement) and as a Seller (as defined the Amended Credit Agreement), OppWin, LLC ("OppWin"), as a Seller and as a Guarantor, OppFi Management Holdings, LLC ("OppFi Management"), as a Guarantor, Opportunity Financial Card Company ("OppFi Card"), as a Guarantor, Ares Agent Services, L.P., as Administrative Agent (in such capacity, the "Administrative Agent") and as Collateral Agent (in such capacity, the "Collateral Agent" and together with the Administrative Agent, the "Agents"), and the Lenders parties thereto from time to time (the "Lenders" and each, individually, a "Lender").
PRELIMINARY STATEMENTS
WHEREAS, the Credit Parties, the Administrative Agent and the Lenders entered into the Existing Credit Agreement whereby the Lenders agreed to extend a revolving credit facility (the "Facility") to the Borrower and the Borrower agreed to secure its Obligations under the Existing Credit Agreement by granting to the Collateral Agent, for the benefit of the Secured Parties, a first priority Lien on all of its assets; 
WHEREAS, the parties hereto desire to amend the Existing Credit Agreement on the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:
AGREEMENT

1.Definitions.  Capitalized terms that are used in this Amendment (including the recitals hereto, which are herein incorporated) but are not defined herein shall have the meanings set forth in the Amended Credit Agreement, unless otherwise stated.
2.Amendments to Credit Agreement.  Effective as of the date of this Amendment, the Existing Credit Agreement is hereby amended as follows:
(a)Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definition in the appropriate alphabetical order: 

"California DFPI Proceeding" means Hewlett v. Opportunity Financial, LLC, Case No. 22STCV08163, filed in the Superior Court of California, County of Los Angeles on April 8, 2022. 
(b)Section 1.1 of the Existing Credit Agreement is hereby amended by deleting the definition of "Regulatory Trigger Event" in its entirety and replacing it with the following: 
"Regulatory Trigger Event" means (a) the commencement by any Governmental Authority of any formal inquiry or investigation (which for the avoidance of doubt excludes any routine inquiry or investigation), legal action or proceeding, against any Credit Party, any third party then engaged by the Servicer as a sub-servicer, the applicable Bank Partner Originator or the Originator, challenging such Person's authority to originate, hold, own, service, pledge or enforce any Receivable with respect to the residents of any jurisdiction, or otherwise alleging any noncompliance by any Credit Party, any third party then engaged by the Servicer as a sub-servicer, the applicable Bank Partner Originator or the Originator with such jurisdiction's applicable laws related to originating, holding, pledging, servicing or enforcing such Receivable or otherwise related to such Receivable, which inquiry, investigation, legal action or proceeding (i) is not released or terminated in a manner acceptable to the Administrative Agent in its sole discretion within [***] calendar days (or such later date as agreed to, in writing, by the Administrative Agent in its sole discretion)) of the earlier of any Credit Party's knowledge or receipt of written notice thereof and (ii) could reasonably be expected to have a Material Adverse Effect, as determined by the Administrative Agent in its sole discretion or (b) the issuance or entering of any stay, order, judgment, cease and desist order, injunction, temporary restraining order, or other judicial or non-judicial sanction, order or ruling against any Credit Party, any third party then engaged by the Servicer as a sub-servicer, the applicable Bank Partner Originator or the Originator related in any way to the originating, holding, pledging, servicing or enforcing of any Receivable or rendering the Purchase Agreement or a Bank Partner Sale Agreement unenforceable in such jurisdiction, the effect of which could reasonably be expected to have a Material Adverse Effect, as determined by the Administrative Agent in its sole discretion; provided, that, in each case, upon the 
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favorable resolution of such inquiry, investigation, action or proceeding (whether by judgment, withdrawal of such action or proceeding or settlement of such action or proceeding), as determined by the Administrative Agent in its sole discretion and confirmed by written notice from the Administrative Agent, such Regulatory Trigger Event for such jurisdiction shall cease to exist immediately upon such determination by the Administrative Agent.  It is understood and agreed that the jurisdiction of a Regulatory Trigger Event is the entire United States if the applicable Governmental Authority is a federal authority.

3.Limitation of Amendments.
(a)The amendments set forth in Article 2, above, are effective for the purposes set forth herein and shall be limited precisely as written.  This Amendment does not, and shall not be construed to, constitute a waiver of any past, present or future violation of the Amended Credit Agreement, the other Credit Documents or any other related document, and shall not, directly or indirectly in any way whatsoever either: (i) impair, prejudice or otherwise adversely affect any Agent’s or any Lender’s right at any time to exercise any right, privilege or remedy in connection with the Amended Credit Agreement, any other Credit Document or any other related document (all of which rights are hereby expressly reserved by the Agents and Lenders), (ii) except as specifically set forth herein, amend or alter any provision of the Existing Credit Agreement, any other Credit Document or any other related document, (iii) constitute any course of dealing or other basis for altering any obligation of Borrower or any of its Affiliates or any right, privilege or remedy of any Agent or any Lender under the Existing Credit Agreement, any other Credit Document or any other related document or (iv) constitute any consent (deemed or express) by any Agent or any Lender to any prior, existing or future violations of the Amended Credit Agreement, any other Credit Document or any other related document.  There are no oral agreements among the parties hereto, and no prior or future discussions or representations regarding the subject matter hereof shall constitute a waiver of any past, present or future violation of the Amended Credit Agreement, any other Credit Document or any other related document.
(b)This Amendment shall be construed in connection with and as part of the Amended Credit Agreement and all terms, conditions, representations, warranties, covenants and agreements set forth in the Amended Credit Agreement and each other Credit Document are hereby ratified and confirmed and shall remain in full force and effect, except that on and after the date hereof all references in the other Credit Documents to the "Credit Agreement," "thereto," "thereof," "thereunder" or words of like import referring to the Existing Credit Agreement shall mean and refer to the Amended Credit Agreement.
4.Representations and Warranties; Ratification of Assignments.
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(a)Each Credit Party affirms that the execution, delivery and performance of this Amendment and the performance by it of the Amended Credit Agreement have been duly authorized by all necessary action, and it has all requisite power and authority to execute, deliver and perform this Amendment and to perform the Amended Credit Agreement.
(b)Each Credit Party represents and warrants that this Amendment and the Amended Credit Agreement constitute its legally valid and binding obligations, enforceable against it in accordance with the respective terms hereof and thereof, except as enforcement may be limited by equitable principles (regardless of whether enforcement is sought in equity or at law) or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally.
(c)Each Credit Party (with respect to itself) represents and warrants that the representations and warranties contained in Article 4 of the Existing Credit Agreement are true and correct in all material respects after giving effect to this Amendment on and as of the date hereof as though made on and as of the date hereof (except to the extent such representations and warranties expressly relate to an earlier date), and no Default or Event of Default exists (after giving effect to this Amendment) or would result from this Amendment becoming effective in accordance with its terms. 
5.Conditions Precedent to Effectiveness of this Amendment.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent, unless specifically waived in writing by the Administrative Agent:
(a)The Administrative Agent shall have received this Amendment duly executed by the Credit Parties.
(b)After giving effect to the terms of this Amendment, (i) the representations and warranties contained herein and in the Amended Credit Agreement and the other Credit Documents shall be true and correct in all material respects (except for such representations and warranties already qualified by materiality which shall be true and correct in all respects) on and as of the Effective Date (except to the extent they expressly relate to an earlier time); and (ii) no Default or Event of Default shall have occurred and be continuing.
(c)Borrower shall have paid to the Agents and the Lenders, as applicable, all outstanding Permitted Expenses.
6.Ratifications.  
(a)The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Existing Credit Agreement and the Credit Documents and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Existing Credit Agreement and the other Credit Documents are ratified and confirmed as of the Effective Date and shall continue in full force and effect.  The Borrower hereby agrees that all Liens and security interests securing payment of the Obligations under the Credit Documents are hereby collectively renewed, ratified and brought forward as 
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security for the payment and performance of the Obligations.  The Credit Parties, the Agents and the Lenders agree that the Amended Credit Agreement and the other Credit Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law).
7.Amendment as a Credit Document.  Each Credit Party acknowledges and agrees that this Amendment constitutes a "Credit Document."  Accordingly, it shall be an Event of Default under the Existing Credit Agreement if any representation or warranty made by a Credit Party under or in connection with this Amendment shall have been false in any material respect when made and which shall not have been remedied or waived within fifteen (15) Business Days after the earlier of (i) an Authorized Officer of such Credit Party becoming aware of such falsity, or (ii) receipt by such Credit Party of written notice from the Administrative Agent or any Lender of such falsity.
8.Expenses of Agents and Lenders.  Each Credit Party agrees to pay, jointly and severally, promptly after demand, all reasonable and documented out-of-pocket costs and expenses of the Agents and the Lenders in connection with the negotiation, preparation, execution and delivery of this Amendment in accordance with Section 9.2 of the Amended Credit Agreement.
9.Severability.  Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
10.Successors and Assigns.  This Amendment is binding upon and shall inure to the benefit of the Agents, the Lenders, the Credit Parties, and their respective successors and permitted assigns, except that the Credit Parties may not assign or transfer any of its respective rights or obligations hereunder without the prior written consent of the Administrative Agent.
11.Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page to this Amendment by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of this Amendment.
12.No Waiver.  Other than as specifically set forth in Article 2, nothing contained in this Amendment shall be construed as an amendment or waiver by the Agents or the Lenders of any covenant or provision of the Existing Credit Agreement, the other Credit Documents, this Amendment, or of any other contract or instrument among the Credit Parties, the Lenders and the Agents, and the failure of the Lenders and the Agents at any time or times hereafter to require strict performance by the Credit Parties of any provision thereof shall not waive, affect or 
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diminish any right of the Agents to thereafter demand strict compliance therewith.  The Agents and Lenders hereby reserve all rights granted to each of them under the Existing Credit Agreement, the other Credit Documents, this Amendment and any other contract or instrument among the Credit Parties and any one or more of the Agents and the Lenders.
13.Release.  Each Credit Party hereby voluntarily and knowingly releases and forever discharges each Agent and each Lender and their respective agents, directors, officers, partners, employees, successors and assigns, of and from all possible claims, demands, actions, causes of action, damages, costs, expenses, and liabilities whatsoever, fixed, contingent or conditional, at law or in equity, in each case of which it has knowledge as of the date hereof, arising in any way in connection with this Amendment or the Credit Documents, or any transactions or acts in connection herewith or therewith, originating in whole or in part on or before the Effective Date of this Amendment, which each Credit Party now or hereafter may have against any such Person, irrespective of whether any such claims, demands, actions, causes of action, damages, costs, expenses or liabilities are based upon contract, tort, violation of law or otherwise. 
14.Headings.  Article and Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.
15.Applicable Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTIONS 51401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).
16.Final Agreement.  THE AMENDED CREDIT AGREEMENT CONSTITUTES THE ENTIRE CONTRACT BETWEEN AND AMONG THE PARTIES RELATING TO THE SUBJECT MATTER THEREOF AND SUPERSEDES ANY AND ALL PREVIOUS AGREEMENTS AND UNDERSTANDINGS, ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER THEREOF.
17.Time.  Time is of the essence of this Amendment.
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    IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment as of the date first above-written.
						
		

OPPORTUNITY FUNDING SPE III, LLC,
as Borrower
By:_/s/ Vasili Gerogiannis___________________
Name: Vasili Gerogiannis 
Title:   Chief Capital Officer 

		OPPORTUNITY FINANCIAL, LLC,
in its individual capacity, as Originator, Servicer, a Seller and a Guarantor

By:_/s/ Vasili Gerogiannis___________________
Name: Vasili Gerogiannis 
Title:   Chief Capital Officer 

		OPPWIN, LLC,
as a Seller and a Guarantor

By:_/s/ Vasili Gerogiannis___________________
Name: Vasili Gerogiannis 
Title:   Chief Capital Officer 

OPPFI MANAGEMENT HOLDINGS, LLC,
as a Guarantor

By:_/s/ Vasili Gerogiannis___________________
Name: Vasili Gerogiannis 
Title:   Chief Capital Officer 

OPPORTUNITY FINANCIAL CARD COMPANY, LLC
as a Guarantor

By:_/s/ Vasili Gerogiannis___________________
Name: Vasili Gerogiannis 
Title:   Chief Capital Officer 

[Signature Page to Amendment No. 5 to Amended and Restated Revolving Credit Agreement]

ARES AGENT SERVICES, L.P.,
    By: Ares Agent Services GP LLC,
    its general partner, as Administrative Agent and     Collateral Agent

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

SONORAN CACTUS PRIVATE ASSET BACKED FUND, LLC,
    By: Ares Cactus Operating Manager GP, LLC,
    its Manager as a Lender

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

GLENLAKE LOAN FUND, LLC,
    By: Ares Management LLC, its Investment     Manager as a Lender

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

DEARBORN PARK ASSET-BACKED FUND LLC
    By: Ares Management LLC,
    its Manager 

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

ARES MULTI-CREDIT FUND LLC
    By: Ares Management LLC, its Manager

[Signature Page to Amendment No. 5 to Amended and Restated Revolving Credit Agreement]

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

ARES ICOF III FUND (DELAWARE), LP
    By: Ares ICOF III Management LP,
    its Investment Manager as a Lender

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

ARES ICOF III MINI MASTER FUND (CAYMAN), LP
    By: Ares ICOF III Management LP,
    its Investment Manager as a Lender

By: _/s/ Jeffrey Kramer_________________________
Name: Jeffrey Kramer
Title:  Authorized Signatory 

ARES CREDIT STRATEGIES INSURANCE DEDICATED FUND SERIES INTERESTS OF THE SALI MULTI-SERIES FUND, L.P.
    By: Ares Management LLC,
    its Investment Subadvisor

[Signature Page to Amendment No. 5 to Amended and Restated Revolving Credit Agreement]

By: _/s/ Matthew Jill___________________________
Name:  Matthew Jill
Title:  Authorized Signatory

SA REAL ASSETS 20 LIMITED
    By: Ares Capital Management, LLC, its     Investment Manager

By: _/s/ Matthew Jill___________________________
Name:  Matthew Jill 
Title:  Authorized Signatory

[Signature Page to Amendment No. 5 to Amended and Restated Revolving Credit Agreement]EX-4.4

 Exhibit 4.4 
  

 
  

BARCLAYS PLC, 
 Issuer, 

THE BANK OF NEW YORK MELLON, LONDON BRANCH, 

as Trustee 
 and 

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

as Senior Debt Security Registrar 
  

 
 TWELFTH
SUPPLEMENTAL INDENTURE 
 Dated as of August 9, 2022 
  

 
 To the Senior
Debt Securities Indenture, dated as of January 17, 2018, 
 Between Barclays PLC 

and 
 The Bank of New York Mellon,
London Branch, as Trustee 
  
  

 
 $1,500,000,000 Principal Amount of
5.304% Fixed Rate Resetting Senior Callable Notes due 2026 
 $1,750,000,000 Principal Amount of 5.501% Fixed Rate Resetting Senior Callable
Notes due 2028 
 $1,000,000,000 Principal Amount of 5.746% Fixed Rate Resetting Senior Callable Notes due 2033 

 TABLE OF CONTENTS 

 

							
	 Page
	 
	ARTICLE I	  

	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  

			
	 SECTION 1.01
	 	Definitions	  	 	1	 
			
	 SECTION 1.02
	 	Effect of Headings	  	 	5	 
			
	 SECTION 1.03
	 	Separability Clause	  	 	5	 
			
	 SECTION 1.04
	 	Benefits of Instrument	  	 	5	 
			
	 SECTION 1.05
	 	Relation to Base Indenture	  	 	5	 
			
	 SECTION 1.06
	 	Construction and Interpretation	  	 	5	 
	
	ARTICLE II	  

	
	5.304% FIXED RATE RESETTING SENIOR CALLABLE NOTES DUE 2026	  

	
	5.501% FIXED RATE RESETTING SENIOR CALLABLE NOTES DUE 2028	  

	
	AND	  

	
	5.746% FIXED RATE RESETTING SENIOR CALLABLE NOTES DUE 2033	  

			
	 SECTION 2.01
	 	Creation of Series; Establishment of Form	  	 	6	 
			
	 SECTION 2.02
	 	Interest	  	 	7	 
			
	 SECTION 2.03
	 	Payment of Principal, Interest and Other Amounts	  	 	7	 
			
	 SECTION 2.04
	 	Optional Redemption	  	 	8	 
			
	 SECTION 2.05
	 	Loss Absorption Disqualification Event Redemption	  	 	9	 
			
	 SECTION 2.06
	 	Notice of Redemption	  	 	10	 
			
	 SECTION 2.07
	 	Acknowledgement with respect to Treatment of EEA BRRD Liabilities	  	 	10	 
			
	 SECTION 2.08
	 	Acknowledgement with Respect to Treatment of BRRD Liabilities	  	 	11	 
	
	ARTICLE III	  

	
	MISCELLANEOUS PROVISIONS	  

			
	 SECTION 3.01
	 	Effectiveness	  	 	12	 
			
	 SECTION 3.02
	 	Original Issue	  	 	12	 
			
	 SECTION 3.03
	 	Ratification and Integral Part	  	 	12	 
			
	 SECTION 3.04
	 	Priority	  	 	12	 
			
	 SECTION 3.05
	 	Not Responsible for Recitals or Issuance of Securities	  	 	12	 
			
	 SECTION 3.06
	 	Successors and Assigns	  	 	12	 
			
	 SECTION 3.07
	 	Counterparts	  	 	12	 
			
	 SECTION 3.08
	 	Governing Law	  	 	12	 
		
	 ANNEX I – Interest Terms of the Securities
	  	 	I-1	 

  
 -i- 

			
	EXHIBIT A – Form of 2026 Note Global Security	  	A-1
	EXHIBIT B – Form of 2028 Note Global Security	  	B-1
	EXHIBIT C – Form of 2033 Note Global Security	  	C-1

  
 -ii- 

 TWELFTH SUPPLEMENTAL INDENTURE, dated as of August 9, 2022 (the “Twelfth
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 and Paying Agent (herein called the “Trustee”), having a Corporate Trust Office at One Canada Square, London E14 5AL, United Kingdom, and THE BANK OF
NEW YORK MELLON SA/NV, LUXEMBOURG BRANCH, as Senior Debt Security Registrar, having an office at 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg, to the SENIOR DEBT
SECURITIES INDENTURE, dated as of January 17, 2018, between the Company and the Trustee (as heretofore amended and supplemented, the “Base Indenture” and, together with this Twelfth Supplemental Indenture, the
“Indenture”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee are parties to the Base Indenture, which provides for the issuance by the Company from time to time of
its Senior Debt Securities in one or more series; 
 WHEREAS, Section 9.01 of the Base Indenture permits supplements thereto without
the consent of Holders of Senior Debt Securities to establish the form or terms of Senior Debt 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 three additional series of Senior Debt
Securities, to be known as the Company’s “5.304% Fixed Rate Resetting Senior Callable Notes due 2026” (the “2026 Notes”), the Company’s “5.501% Fixed Rate Resetting Senior Callable Notes due 2028” (the
“2028 Notes”) and the Company’s “5.746% Fixed Rate Resetting Senior Callable Notes due 2033” (the “2033 Notes” and, together with the 2026 Notes and the 2028 Notes, the “Securities”)
under the Indenture; and 
 WHEREAS, the Company has taken all necessary corporate action to authorize the execution and delivery of this
Twelfth Supplemental Indenture; 
 NOW, THEREFORE, THIS TWELFTH SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company, the Trustee and the Senior Debt Security Registrar 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 Twelfth Supplemental Indenture that are defined in the Base Indenture shall have the meanings ascribed to them in the Base Indenture. 

  
 1 

 The following terms used in this Twelfth Supplemental Indenture have the following
respective meanings with respect to the Securities only: 
 “2026 Notes Par Redemption Date” means August 9, 2025.

 “2028 Notes Par Redemption Date” means August 9, 2027. 

“2033 Notes Par Redemption Date” means August 9, 2032. 

“2026 Notes Stated Maturity” has the meaning set forth in Section 2.01(g) hereof. 

“2028 Notes Stated Maturity” has the meaning set forth in Section 2.01(g) hereof. 

“2033 Notes Stated Maturity” has the meaning set forth in Section 2.01(g) hereof. 

“Bail-in Legislation” has the meaning set forth in Section 2.07 hereof.

 “Base Indenture” has the meaning set forth in the first paragraph of this Twelfth Supplemental Indenture. 

“BRRD” has the meaning set forth in Section 2.07 hereof. 

“BRRD Party” has the meaning set forth in Section 2.07 hereof. 

“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, England or in the City of New York, United States. 
 “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 including,
U.K. CRD. 
 “Company” has the meaning set forth in the first paragraph of this Twelfth Supplemental Indenture, and
includes any successor entity. 
 “Determination Agent” has the meaning set forth in Section 2.04 hereof. 

“DTC” means The Depository Trust Company, or any successor clearing system. 

“EEA Bail-in Power” has the meaning set forth in Section 2.07 hereof.

 “EEA BRRD Liability” has the meaning set forth in Section 2.07 hereof. 

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

  
 2 

 “EU Bail-in Legislation
Schedule” has the meaning set forth in Section 2.07 hereof. 
 “EU CRD” means: (i) Regulation (EU) No
575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investments firms, as amended before IP completion day; and (ii) Directive 2013/36/EU of the European Parliament
and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC, as
amended before IP completion day. 
 “Group” means the Company (or any successor entity) and its consolidated subsidiaries.

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

“Interest Payment Date” has the meaning set forth in Annex I hereto. 

“IP completion day” has the meaning given in the U.K. European Union (Withdrawal Agreement) Act 2020. 

“Issue Date” has the meaning set forth in Section 2.01(f) hereof. 

“Loss Absorption Disqualification Event” means, in respect of any series of Securities, the whole or any part of the
principal amount of the Securities Outstanding of such series at any time being excluded from or ceasing to count towards the Company’s and/or the Group’s own funds and eligible liabilities and/or loss absorbing capacity, in each case for
the purposes of, and in accordance with, the relevant Capital Regulations, provided that a Loss Absorption Disqualification Event shall not occur if such whole or part of the principal amount of the Securities Outstanding of such series is excluded
from, or ceases to count towards, such own funds and eligible liabilities and/or loss absorbing capacity due to the remaining maturity of the Securities of such series being less than the period prescribed by the relevant Capital Regulations. 

“Loss Absorption Regulations Event” means that (i) any Capital Regulations become effective with respect to the Company
and/or the Group or (ii) there is an amendment to, or change in, any Capital Regulation, or any change in the official application of any Capital Regulation, which becomes effective with respect to the Company and/or the Group. 

“Make-Whole Redemption” has the meaning set forth in Section 2.04 hereof.

 “Optional Redemption Comparable Treasury Issue” has the meaning set forth in Section 2.04 hereof. 

“Optional Redemption Comparable Treasury Price” has the meaning set forth in Section 2.04 hereof. 

“Optional Redemption Reference Treasury Dealer” has the meaning set forth in Section 2.04 hereof. 

  
 3 

 “Optional Redemption Reference Treasury Dealer Quotations” has the meaning
set forth in Section 2.04 hereof. 
 “Optional Redemption Treasury Rate” has the meaning set forth in
Section 2.04 hereof. 
 “Par Redemption” has the meaning set forth in Section 2.04 hereof. 

“Par Redemption Date” means each of the 2026 Notes Par Redemption Date, the 2028 Notes Par Redemption Date and the 2033 Notes
Par Redemption Date for the 2026 Notes, the 2028 Notes and the 2033 Notes, respectively. 
 “Regular Record Date” means the
close of business on the Business Day immediately preceding each Interest Payment Date (or, if the Securities of the applicable series are held in definitive form, the close of business on the
15th Business Day preceding each applicable Interest Payment Date). 

“Relevant EEA Resolution Authority” has the meaning set forth in Section 2.07 hereof. 

“Securities” has the meaning set forth in the Recitals to this Twelfth Supplemental Indenture. 

“Stated Maturity” has the meaning set forth in Section 2.01(g) hereof. 

“Trustee” has the meaning set forth in the first paragraph of this Twelfth Supplemental Indenture, and includes any successor
entity. 
 “U.K. CRD” means the legislative package consisting of: 

(i) the U.K. CRD Regulation; 

(ii) the law of the United Kingdom or any part of it (as amended or replaced in accordance with domestic law from time to time), which
immediately before IP completion day implemented Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and
investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC and its implementing measures, such Directive as amended before IP completion day; and 

(iii) direct EU legislation (as defined in the Withdrawal Act), which immediately before IP completion day implemented EU CRD as it forms part
of domestic law of the United Kingdom by virtue of the Withdrawal Act and as the same may be amended or replaced in accordance with domestic law from time to time. 

“U.K. CRD Regulation” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on
prudential requirements for credit institutions and investments firms, as amended before IP completion day, as it forms part of domestic law of the United Kingdom by virtue of the Withdrawal Act and as the same may be further amended or replaced in
accordance with domestic law from time to time. 

  
 4 

 “Withdrawal Act” means the United Kingdom European Union (Withdrawal) Act
2018, as amended. 
 SECTION 1.02 Effect of Headings. The Article and Section headings herein are for convenience only and
shall not affect the construction hereof. 
 SECTION 1.03 Separability Clause. In case any provision in this Twelfth
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 Twelfth 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 Twelfth Supplemental Indenture constitutes an integral part of the Indenture.
Notwithstanding any other provisions of this Twelfth Supplemental Indenture, all provisions of this Twelfth Supplemental Indenture are expressly and solely for the benefit of the Holders of the relevant Securities as they apply to such series of
Securities and the Trustee and any such provisions shall not be deemed to apply to any other Senior Debt 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 context otherwise requires: 

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

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

(c) the terms “U.S. dollars,” “US$” and “$” refer to the lawful currency for the time being of the United States;

 (d) references herein to a specific Section, Article or Exhibit refer to Sections or Articles of, or an Exhibit to, this Twelfth
Supplemental Indenture; 
 (e) wherever the words “include,” “includes” or “including” are used in this Twelfth
Supplemental Indenture, they shall be deemed to be followed by the words “without limitation;” 
 (f) references to a Person are
also to its successors and permitted assigns; and 
 (g) the use of “or” is not intended to be exclusive unless expressly indicated
otherwise. 

  
 5 

 ARTICLE II 

5.304% FIXED RATE RESETTING SENIOR CALLABLE NOTES DUE 2026 

5.501% FIXED RATE RESETTING SENIOR CALLABLE NOTES DUE 2028 

AND 
 5.746% FIXED RATE
RESETTING SENIOR CALLABLE NOTES DUE 2033 
 SECTION 2.01 Creation of Series; Establishment of Form. 

(a) There is hereby established three additional series of Senior Debt Securities under the Base Indenture entitled the “5.304% Fixed Rate
Resetting Senior Callable Notes due 2026”, the “5.501% Fixed Rate Resetting Senior Callable Notes due 2028” and the “5.746% Fixed Rate Resetting Senior Callable Notes due 2033”. 

(b) Each series of 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 issued in substantially the forms attached hereto as Exhibit A, Exhibit B and Exhibit C. 

(c) The Company shall issue the 2026 Notes in an aggregate principal amount of $1,500,000,000. The Company shall issue the 2028 Notes in an
aggregate principal amount of $1,750,000,000. The Company shall issue the 2033 Notes in an aggregate principal amount of $1,000,000,000. The Company may from time to time, without the consent of the Holders of the Securities of any series, issue
additional securities of any series having the same ranking and same interest rate, Stated Maturity, redemption terms and other terms as the Securities of such series described in this Twelfth Supplemental Indenture, except for the price to the
public and Issue Date. Any such additional securities subsequently issued shall rank equally and ratably with the Securities of such series in all respects, so that such further securities shall be consolidated and form a single series with the
applicable series of the Securities. 
 (d) Any proposed transfer of an interest in Securities held in the form of a Global Security shall be
effected through the book-entry system maintained by DTC. 
 (e) The Securities shall not have a
sinking fund. 
 (f) The Securities shall be issued on August 9, 2022 (the “Issue Date”). 

(g) The stated maturity of the principal of the 2026 Notes shall be August 9, 2026 (the “2026 Notes Stated Maturity”),
the stated maturity of the principal of the 2028 Notes shall be August 9, 2028 (the “2028 Notes Stated Maturity”) and the stated maturity of the principal of the 2033 Notes shall be August 9, 2033 (the “2033 Notes
Stated Maturity” and each of the 2026 Notes Stated Maturity, the 2028 Notes Stated Maturity and the 2033 Notes Stated Maturity, a “Stated Maturity”). 

(h) The Securities of each series shall be redeemable prior to their Stated Maturity in accordance with Section 2.04 or Section 2.05
hereof. 

  
 6 

 (i) The Securities shall be issued in minimum denominations of $200,000 in principal amount
and integral multiples of $1,000 in excess thereof. 
 (j) Section 11.09 of the Base Indenture shall apply to each series of the Securities,
separately. 
 (k) Each series of the Securities shall constitute the Company’s direct, unconditional, unsecured and unsubordinated
obligations and shall at all times rank pari passu without any preference among themselves. In the event of a winding-up or administration of the Company, the Securities shall rank pari passu with all other
outstanding unsecured and unsubordinated obligations of the Company, present and future, except such obligations as are preferred by operation of law. 

SECTION 2.02 Interest. 

(a) The interest rate on the 2026 Notes, the 2028 Notes and the 2033 Notes, respectively, shall be, or shall be determined, as set forth in
Annex I hereto. 
 (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in
the Indenture, be paid to the Person in whose name the relevant Security (or any Predecessor Senior Debt Security) is registered at the close of business on the Regular Record Date for such interest. 

SECTION 2.03 Payment of Principal, Interest and Other Amounts. 

(a) Payments of principal of and interest 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 Place of Payment in respect of the Securities
shall be the Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee located at said address. Initially, the Senior Debt Security
Registrar for the Securities shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg (which location shall also be a
Place of Payment for purposes of Section 3.05(a) of the Base Indenture). The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt
Security Registrar without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or Senior Debt Security Registrar, in each case, for any series of the Securities. 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. If a date of redemption or repayment or the relevant Stated Maturity is not a Business Day, the Company may pay interest and principal and/or any amount payable upon redemption or repayment of the relevant Securities on the next
succeeding Business Day, but interest on that payment will not accrue during the period from and after the date of redemption or repayment or such Stated Maturity. 

  
 7 

 SECTION 2.04 Optional Redemption. Subject to the notice period and provisions
set forth in Sections 11.02 and 11.04 of the Base Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture, the Company may redeem, at its option (A) any series of the Securities at any time outstanding, in whole
or in part of such series, at any time on or after February 9, 2023 (six months following the Issue Date and, if any additional Securities of any series are issued after the Issue Date, except, in the case of such series, for the period of six
months beginning on the issue date for any such additional Securities of the applicable series) to (but excluding) the applicable Par Redemption Date, at an amount equal to the higher of (i) 100% of the principal amount of the Securities to be
redeemed and (ii) as determined by the Determination Agent, the sum of the present values of the principal (discounted from the applicable Par Redemption Date) and remaining payments of interest to be made on any scheduled Interest Payment Date
to the applicable Par Redemption Date for the Securities of such series to be redeemed (not including accrued but unpaid interest, if any, on the principal amount of the Securities of such series) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Optional Redemption Treasury Rate plus (x) 35
basis points in the case of the 2026 Notes, (y) 40 basis points in the case of the 2028 Notes, and (z) 45 basis points in the case of the 2033 Notes, together with, in either case of (i) or (ii) above, accrued but unpaid interest, if any, on
the principal amount of the Securities to be redeemed to (but excluding) the Redemption Date (the “Make-Whole Redemption”) and/or (B) any series of the Securities then outstanding,
in whole but not in part of such series, on the applicable Par Redemption Date, at an amount equal to 100% of their principal amount together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but
excluding) the Redemption Date (the “Par Redemption”). 
 “Optional Redemption Treasury Rate” means, with
respect to any Redemption Date, the rate per annum equal to: (1) the yield, under the heading which represents the average for the week immediately prior to the calculation date, appearing in the most recently published statistical release
designated “H.15,” or any successor publication that is published by the Board of Governors of the Federal Reserve System that establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity, under the caption
“Treasury constant maturities,” for the maturity most closely corresponding to the Par Redemption Date of the Securities to be redeemed (if no maturity is within three months before or after the Par Redemption Date of the Securities to be
redeemed, yields for the two published maturities most closely corresponding to the Optional Redemption Comparable Treasury Issue shall be determined and the Optional Redemption Treasury Rate shall be interpolated or extrapolated from such yields on
a straight-line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week immediately prior to the calculation date or does not contain such
yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Optional Redemption Comparable Treasury Issue, calculated using a price for the Optional Redemption Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Optional Redemption Comparable Treasury Price for such Redemption Date; provided that, if the period from the Redemption Date to the applicable Par Redemption Date is less than
one year, the weekly average yield on actually traded U.S. Treasury securities adjusted to a constant maturity of one year will be used. 

The Optional Redemption Treasury Rate shall be calculated by the Determination Agent on the third Business Day preceding such Redemption Date.

  
 8 

 In determining the Optional Redemption Treasury Rate, the below terms will have the
following meaning: 
 “Optional Redemption Comparable Treasury Issue” means, with respect to any Redemption Date, the U.S.
Treasury security selected by the Determination Agent as having an actual or interpolated maturity comparable with the remaining term to the Par Redemption Date of the relevant Securities that would be utilized, 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 comparable maturity to the remaining term to the Par Redemption Date of the relevant Securities. 

“Optional Redemption Comparable Treasury Price” means, with respect to any Redemption Date, (i) the arithmetic average
of the Optional Redemption Reference Treasury Dealer Quotations for such Redemption Date (calculated on the third Business Day preceding such Redemption Date), after excluding the highest and lowest such Optional Redemption Reference Treasury Dealer
Quotations, or (ii) if fewer than five such Optional Redemption Reference Treasury Dealer Quotations are received, the arithmetic average of all such quotations, or (iii) if fewer than two such Optional Redemption Reference Treasury Dealer
Quotations are received, then such Optional Redemption Reference Treasury Dealer Quotation. 
 “Determination Agent” means
an investment bank or financial institution of international standing selected by the Company and which may be an affiliate of the Company. 

“Optional Redemption Reference Treasury Dealer” means, with respect to the Redemption Date, each of up to five banks selected
by the Company (following, where practicable, consultation with the Determination Agent, if applicable), or the affiliates of such banks, which are (i) primary U.S. government securities dealers, and their respective successors, or
(ii) market makers in pricing corporate bond issues. 
 “Optional Redemption Reference Treasury Dealer Quotations”
means, with respect to each Optional Redemption Reference Treasury Dealer and any Redemption Date, the arithmetic average, as determined by the Determination Agent, of the bid and offered prices (as quoted to the Determination Agent by such Optional
Redemption Reference Treasury Dealer) for the applicable Optional Redemption Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) at 11:00 a.m., New York time, on the third Business Day preceding such Redemption
Date. 
 Unless the Company defaults on payment of the Redemption Price, interest will cease to accrue on the Redemption Date on the
Securities or portions thereof called for redemption. The Trustee has no responsibility for any calculation or determination in respect of the establishment of the Make-Whole Redemption price and shall be
entitled to receive and rely conclusively upon an Officer’s Certificate executed in accordance with the Base Indenture that states the Make-Whole Redemption price. 

SECTION 2.05 Loss Absorption Disqualification Event Redemption. If a Loss Absorption Regulations Event occurs on or after the
Issue Date that does, or would be likely to (in the opinion of the Company, the PRA or the Relevant U.K. Resolution Authority), result in a Loss Absorption Disqualification Event with respect to any series of the Securities, the Company may, at the
Company’s option, at any time, redeem the 

  
 9 

 
Securities of such series, in whole of such series but not in part of such series, at a Redemption Price equal to 100% of the principal amount of the Securities being redeemed together with
accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the relevant Redemption Date. For the avoidance of doubt, except as otherwise set forth in this Twelfth Supplemental Indenture, Article
11 of the Base Indenture shall apply to any redemption of Securities pursuant to this Section 2.05 in respect of each series of the Securities, separately. 

SECTION 2.06 Notice of Redemption. 

(a) Before the Company may redeem the Securities of any series pursuant to Section 2.04 or Section 2.05 hereof or pursuant to
Section 11.09 of the Base Indenture, the Company shall deliver via DTC or the relevant clearing system(s) (or, if the Securities of such series are definitive Securities, to the Holders at their addresses shown on the register for such
Securities) prior notice of not less than fifteen (15) days, nor more than sixty (60) days, to the Holders of such Securities. The Company shall deliver written notice of such redemption of the Securities of such series 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 of such series and the date fixed for such redemption and shall be irrevocable except in the limited circumstances described in paragraphs (b) below. 

(b) If the Company has delivered a notice of redemption pursuant to paragraph (a) of this Section 2.06, but prior to the payment of
the redemption amount with respect to such redemption the Relevant U.K. Resolution Authority exercises its U.K. Bail-in Power with respect to the Securities of the series to be redeemed, such redemption notice
shall be automatically rescinded and shall be of no force and effect, and no payment in respect of the redemption amount shall be due and payable. 

(c) If any event specified in paragraph (b) above occurs, the Company shall promptly deliver notice to the Holders of such Securities via
DTC or the relevant clearing system(s) (or, if the Securities of such series are definitive Securities, to the Holders at their addresses shown on the shown on the register for the Securities of such series) and to the Trustee directly, specifying
the occurrence of the relevant event. 
 SECTION 2.07 Acknowledgement with respect to Treatment of EEA BRRD Liabilities.
Notwithstanding and to the exclusion of any other term of the Indenture, this Twelfth Supplemental Indenture or any other agreements, arrangements, or understanding between the BRRD Party, on the one hand, and the Company, on the other hand, the
Company acknowledges and accepts that an EEA BRRD Liability arising under the Indenture and this Twelfth Supplemental Indenture may be subject to the exercise of EEA Bail-in Powers by the Relevant EEA
Resolution Authority, and acknowledges, accepts, and agrees to be bound by: 
 (a) the effect of the exercise of EEA Bail-in Powers by the Relevant EEA Resolution Authority in relation to any EEA BRRD Liability that (without limitation) may include and result in any of the following, or some combination thereof: 

(i) the reduction of all, or a portion, of the EEA BRRD Liability or outstanding amounts due thereon; 

  
 10 

 (ii) the conversion of all, or a portion, of the EEA BRRD Liability into
shares, other securities or other obligations of the BRRD Party or another person, and the issue to or conferral on the Company of such shares, securities or obligations; 

(iii) the cancellation of the EEA BRRD Liability; or 

(iv) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are
due including by suspending payment for a temporary period. 
 (b) the variation of the terms of the Indenture or this Twelfth Supplemental
Indenture, as deemed necessary by the Relevant EEA Resolution Authority, to give effect to the exercise of EEA Bail-in Powers by the Relevant EEA Resolution Authority in respect of the BRRD Party. 

For these purposes: 

“Bail-in Legislation” means in relation to a member state of the European
Economic Area which has implemented, or which at any time implements, the BRRD, the relevant implementing law, regulation, rule or requirement as described in the EU Bail-in Legislation Schedule from time to
time. 
 “BRRD” means EU Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for
the recovery and resolution of credit institutions and investment firms of May 15, 2014, as amended or replaced from time to time (including as amended by Directive (EU) 2019/879 of the European Parliament and of the Council of May 20,
2019). 
 “BRRD Party” means The Bank of New York Mellon SA/NV, Luxembourg Branch, solely and exclusively in its role as
Senior Debt Security Registrar under the Indenture and this Twelfth Supplemental Indenture. For the avoidance of doubt, The Bank of New York Mellon, London Branch, as Trustee and Paying Agent and in any other capacity under the Indenture or this
Twelfth Supplemental Indenture is not a BRRD Party under the Indenture or this Twelfth Supplemental Indenture. 
 “EEA Bail-in Power” means any Write-down and Conversion Powers as defined in the EU Bail-in Legislation Schedule, in relation to the
relevant Bail-in Legislation. 
 “EEA BRRD Liability” means a liability of the BRRD
Party to the Company under the Indenture or this Twelfth Supplemental Indenture, if any, in respect of which the EEA Bail-in Power may be exercised. 

“EU Bail-in Legislation Schedule” means the document described as such, then
in effect, and published by the Loan Market Association (or any successor person) from time to time at http://www.lma.eu.com. 

“Relevant EEA Resolution Authority” means the resolution authority with the ability to exercise any EEA Bail-in Powers in relation to the BRRD Party. 
 SECTION 2.08 Acknowledgement with Respect to
Treatment of BRRD Liabilities. Any references to the “Trustee” in Article 12.02 of the Base Indenture shall be 

  
 11 

 
deemed to refer to the Trustee and The Bank of New York Mellon SA/NV, Luxembourg Branch. 

ARTICLE III 

MISCELLANEOUS PROVISIONS 

SECTION 3.01 Effectiveness. This Twelfth Supplemental Indenture shall become effective upon its execution and delivery. 

SECTION 3.02 Original Issue. The Securities may, upon execution of this Twelfth Supplemental Indenture, be executed by the
Company and delivered by the Company to the Trustee for authentication, and the Trustee shall, upon a Company Order, authenticate and deliver such Securities as in such Company Order provided. 

SECTION 3.03 Ratification and Integral Part. The Base Indenture as supplemented by this Twelfth Supplemental Indenture, is in
all respects ratified and confirmed, including without limitation all the rights, immunities and indemnities of the Trustee, and this Twelfth Supplemental Indenture shall be deemed an integral part of the Base Indenture in the manner and to the
extent herein and therein provided. 
 SECTION 3.04 Priority. This Twelfth Supplemental Indenture shall be deemed part of the
Indenture in the manner and to the extent herein and therein provided. The provisions of this Twelfth 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 3.05 Not Responsible for Recitals or Issuance of Securities.
The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any authenticating agent assumes any responsibility for
their correctness. The Trustee makes no representations as to the validity or sufficiency of this Twelfth Supplemental Indenture or of the Securities, except that the Trustee represents and warrants that it has duly authorized, executed and
delivered this Twelfth Supplemental Indenture. Neither the Trustee nor any authenticating agent shall be accountable for the use or application by the Company of the Securities or the proceeds thereof. 

SECTION 3.06 Successors and Assigns. All covenants and agreements in the Base Indenture, as supplemented and amended by this
Twelfth Supplemental Indenture, by the Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 3.07
Counterparts. This Twelfth Supplemental Indenture may be executed manually, by facsimile or by electronic signature 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 3.08 Governing Law. This Twelfth 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 waiver of set-off provisions set forth in Section 5.01(h) of the Base Indenture,
which shall be governed by and construed in accordance with English law. 

  
 12 

 {Signature Page Follows} 

  
 13 

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

			
	BARCLAYS PLC
		
	By:	 	 /s/ Stuart Frith

		 	Name: Stuart Frith
		 	Title: Director
	
	THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS TRUSTEE
AND PAYING AGENT
		
	By:	 	 /s/ Thomas Bolton

		 	Name: Thomas Bolton
		 	Title: Vice President
	
	THE BANK OF NEW YORK MELLON SA/NV, LUXEMBOURG BRANCH, AS SENIOR
DEBT SECURITY REGISTRAR
		
	By:	 	 /s/ Thomas Bolton

		 	Name: Thomas Bolton
		 	Title: Vice President

 [Signature Page to Twelfth Supplemental Indenture] 

  
 14 

 ANNEX I 

Interest Terms of the Securities 

Interest Terms of the 2026 Notes 
  

			
	2026 Notes Interest Rate:	  	From (and including) the Issue Date to (but excluding) the 2026 Notes Reset Date, the 2026 Notes will bear interest at a rate of 5.304% per annum. From (and including) the 2026 Notes Reset Date to (but excluding) August 9, 2026
(the “2026 Notes Reset Period”), the applicable per annum interest rate (the “2026 Notes Subsequent Interest Rate”) will be equal to the sum, as determined by the Calculation Agent, of the then-prevailing U.S.
Treasury Rate (such term subject to the provisions described below) on the applicable Reset Determination Date, plus 2.30%.
		
	2026 Notes Interest Payment Dates:	  	Semi-annually in arrear on February 9 and August 9 in each year, commencing on February 9, 2023 (each, a “2026 Notes Interest Payment Date”). If any scheduled 2026 Notes Interest Payment Date would
fall on a day that is not a Business Day, the Company will pay interest on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the scheduled 2026 Notes Interest Payment Date.
		
	2026 Notes Reset Date:	  	August 9, 2025 (the “2026 Notes Reset Date”).

 Interest Terms of the 2028 Notes 
  

			
	2028 Notes Interest Rate:	  	From (and including) the Issue Date to (but excluding) the 2028 Notes Reset Date, the 2028 Notes will bear interest at a rate of 5.501% per annum. From (and including) the 2028 Notes Reset Date to (but excluding) August 9, 2028
(the “2028 Notes Reset Period”), the applicable per annum interest rate (the “2028 Notes Subsequent Interest Rate”) will be equal to the sum, as determined by the Calculation Agent, of the then-prevailing U.S.
Treasury Rate (such term subject to the provisions described below) on the applicable Reset Determination Date, plus 2.65%.
		
	2028 Notes Interest Payment Dates:	  	Semi-annually in arrear on February 9 and August 9 in each year, commencing on February 9, 2023 (each, a “2028 Notes Interest Payment Date”). If any scheduled 2028 Notes Interest Payment Date would
fall on a day that is not a Business Day, the Company will pay interest on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the scheduled 2028 Notes Interest Payment Date.

  
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	2028 Notes Reset Date:	  	August 9, 2027 (the “2028 Notes Reset Date”).
	
	Interest Terms of the 2033 Notes
		
	2033 Notes Interest Rate:	  	From (and including) the Issue Date to (but excluding) the 2033 Notes Reset Date, the 2033 Notes will bear interest at a rate of 5.746% per annum. From (and including) the 2033 Notes Reset Date to (but excluding) August 9, 2033
(the “2033 Notes Reset Period” and each of the 2026 Notes Reset Period, the 2028 Notes Reset Period and the 2033 Notes Reset Period, a “Reset Period”), the applicable per annum interest rate (the “2033 Notes
Subsequent Interest Rate” and each of the 2026 Notes Subsequent Interest Rate, the 2028 Notes Subsequent Interest Rate and the 2033 Notes Subsequent Interest Rate, a “Subsequent Interest Rate”) will be equal to the sum, as
determined by the Calculation Agent, of the then-prevailing U.S. Treasury Rate (such term subject to the provisions described below) on the applicable Reset Determination Date, plus 3.00%.
		
	2033 Notes Interest Payment Dates:	  	Semi-annually in arrear on February 9 and August 9 in each year, commencing on February 9, 2023 (each, a “2033 Notes Interest Payment Date” and each of the 2026 Notes Interest Payment Dates, the 2028
Notes Interest Payment Dates and the 2033 Notes Interest Payment Dates, an “Interest Payment Date”). If any scheduled 2033 Notes Interest Payment Date would fall on a day that is not a Business Day, the Company will pay interest on
the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the scheduled 2033 Notes Interest Payment Date.
		
	2033 Notes Reset Date:	  	August 9, 2032 (the “2033 Notes Reset Date” and each of the 2026 Notes Reset Date, the 2028 Notes Reset Date and the 2033 Notes Reset Date, a “Reset Date”).
	
	 Interest Terms Common to the Securities
  

The following shall apply to the terms of each series of Securities separately on a series by series basis:

		
	Calculation Agent:	  	The Bank of New York Mellon, London Branch, or its successor appointed by the Company.
		
	Calculation of U.S. Treasury Rate:	  	The Calculation Agent will determine the Subsequent Interest Rate for the Securities by reference to the then-prevailing U.S. Treasury Rate, on the Reset Determination Date. Promptly upon such determination, the Calculation Agent
will notify the Company and the Trustee (if the Calculation Agent is not the Trustee) of the Subsequent Interest Rate. All determinations and any calculations made by the Calculation Agent for the purposes of calculating the Subsequent Interest Rate
(or

  
 I-2 

			
		  	 component thereof) shall be conclusive and binding on the holders of the Securities, the Company and the Trustee, absent manifest error. The
Calculation Agent shall not be responsible to the Company, holders of the Securities or any third party for any failure of any Reference Treasury Dealer to provide quotations as requested of them or as a result of the Calculation Agent having acted
on any quotation or other information given by any Reference Treasury Dealer which subsequently may be found to be incorrect or inaccurate in any way.
  

“U.S. Treasury Rate” means, with respect to the Reset Period, the rate per annum equal to: (1) the yield, under the heading which
represents the average for the week immediately prior to the Reset Determination Date, appearing in the most recently published statistical release designated “H.15,” or any successor publication that is published by the Board of Governors
of the Federal Reserve System that establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity, under the caption “Treasury constant maturities,” for the maturity of one year; or (2) if such release
(or any successor release) is not published during the week immediately prior to the Reset Determination Date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the Reset Determination Date.

 
 If the U.S. Treasury Rate cannot be determined, for whatever reason, as described under
(1) or (2) above, “U.S. Treasury Rate” means the rate in percentage per annum as notified by the Calculation Agent to the Company equal to the yield on U.S. Treasury securities having a maturity of one year as set forth in
the most recently published statistical release designated “H.15” under the caption “Treasury constant maturities” (or any successor publication that is published weekly by the Board of Governors of the Federal Reserve System and
that establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury constant maturities” for the maturity of one year) at 5:00 p.m. (New York City time) on the last available date
preceding the Reset Determination Date on which such rate was set forth in such release (or any successor release).
  

“Comparable Treasury Issue” means, with respect to the Reset Period, the U.S. Treasury security or securities selected by the Company with a
maturity date on or about the last day of the Reset Period and that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing

  
 I-3 

			
		  	 new issues of corporate debt securities denominated in U.S. dollars and having a maturity of one year.

 
 “Comparable Treasury Price” means, with respect to the Reset
Determination Date, (i) the arithmetic average of the Reference Treasury Dealer Quotations for the Reset Determination Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, (ii) if fewer than five such
Reference Treasury Dealer Quotations are received, the arithmetic average of all such quotations, or (iii) if fewer than two such Reference Treasury Dealer Quotations are received, then such Reference Treasury Dealer Quotation.

 
 “Reference Treasury Dealer” means, with respect to the Reset
Determination Date, each of up to five banks selected by the Company, or the affiliates of such banks, which are (i) primary U.S. Treasury securities dealers, and their respective successors, or (ii) market makers in pricing corporate bond
issues denominated in U.S dollars.
  
 “Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and the Reset Determination Date, the arithmetic average, as determined by the Calculation Agent, of the bid and offered prices (such prices being obtained by the Company and
furnished to the Calculation Agent) for the applicable Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, at 11:00 a.m. (New York City time) on the Reset Determination Date.

		
	Day Count:	  	30/360, Following, Unadjusted.
		
	Reset Determination Date:	  	The second Business Day immediately preceding the applicable Reset Date.

  
 I-4 

 EXHIBIT A 

Form of 2026 Note 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. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (OR ANY SUCCESSOR CLEARING SYSTEM)
(“DTC”), TO BARCLAYS PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE 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 OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as
heretofore amended and supplemented, the “Base Indenture”), as amended and supplemented by the Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth Supplemental Indenture” and, together with
the Base Indenture, the “Indenture”). 
 Notwithstanding and to the exclusion of any other term of the Securities or any other agreements,
arrangements or understandings between the Company and any Holder or Beneficial Owner of the Securities or the Trustee on behalf of the Holders, 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 12.01 of the Base Indenture. 
 In accordance with Article 13 of the Base Indenture, each Holder and Beneficial Owner of the Securities that
acquires the Securities in the secondary market shall be deemed to acknowledge, agree to be bound by, and consent to, the same provisions set forth in the Securities and the Indenture to the same extent as the 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 the provisions
contained in Section 5.01(h) and Section 12.01 of the Base Indenture. 

  
 A-1 

 5.304% Fixed Rate Resetting Senior Callable Notes due 2026 

 

			
	No. 00[•]	  	$[•]

 CUSIP NO. 06738E BZ7 

ISIN NO. US06738EBZ79 
 COMMON CODE
NO. 251860076 
 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 US$[•] ([•])
on August 9, 2026 (the “Maturity Date”), except as otherwise provided herein, and to pay interest thereon, in accordance with the terms hereof. Interest shall accrue on this Security from August 9, 2022 or from the most
recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, until the principal hereof is paid or made available for payment. Interest shall be paid semi-annually in
arrear on February 9 and August 9 of each year (each, an “Interest Payment Date”). From (and including) August 9, 2022 to (but excluding) August 9, 2025 (the “Reset Date”), the Securities will
bear interest at a rate of 5.304% per annum. From (and including) the Reset Date to (but excluding) the Maturity Date, the applicable per annum interest rate (the “Subsequent Interest Rate”) will be equal to the sum, as determined
by the Calculation Agent, of the then-prevailing U.S. Treasury Rate (such term subject to the provisions of Annex I to the Twelfth Supplemental Indenture) on the second Business Day immediately preceding the Reset Date, plus 2.30%. 

Subject to the limitations specified on the reverse of this Security, interest on the Securities shall be computed and payable in arrear and
on the basis of a 360-day year of twelve 30-day months. 

The Calculation Agent, initially the Bank of New York Mellon, London Branch (the “Calculation Agent”), will determine the
Subsequent Interest Rate in any circumstance where the Calculation Agent is so required under the terms of the Securities and the Indenture, in accordance with the provisions set forth in Annex I to the Twelfth Supplemental Indenture. 

All calculations made by the Calculation Agent for the purposes of calculating the interest rate on the Securities shall be conclusive and
binding on the Holders of the Securities, the Company and the Trustee, absent manifest error. 
 If any scheduled Interest Payment Date is
not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day (as defined below), but interest on that payment will not accrue during the period from and after the scheduled Interest Payment Date. If the
Maturity Date or date of redemption or repayment is not a Business Day, the payment of interest and principal and/or any amount payable upon redemption or repayment of the Securities will be made on the next succeeding Business Day, but interest on
that payment will not accrue during the period from and after such Maturity Date or date of redemption or repayment. If the Securities are redeemed, unless the Company defaults on payment of the Redemption Price, interest will cease to accrue on the
Redemption Date on the Securities called for redemption. A “Business Day” means any weekday, other than one on which banking institutions are authorized or obligated by law, 

  
 A-2 

 regulation or executive order to close in London, England or in the City of New York, United States. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name the relevant Security (or any Predecessor Senior Debt Security) is registered at the close of business on the Regular Record Date for such interest. 

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. 
 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 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 Place of Payment in respect of the Securities shall be the
Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee located at said address. Initially, the Senior Debt Security Registrar for the
Securities shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg (which location shall also be a Place of Payment
for purposes of Section 3.05(a) of the Base Indenture). The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt Security
Registrar without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture which shall be 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 COVERED BY THE U.K.
FINANCIAL SERVICES COMPENSATION SCHEME OR INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OF THE UNITED STATES, THE UNITED KINGDOM OR ANY OTHER JURISDICTION. 

  
 A-3 

 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, facsimile or electronic 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. 

  
 A-4 

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

 

									
	Date: August 9, 2022	 		 		 	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: August 9, 2022	 		 		 	 THE BANK OF NEW YORK MELLON, as

Trustee

					
		 		 		 	By:	 	  

 {Signature Page to Global Security No. [•]} 

 (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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as heretofore amended and supplemented, 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 Indenture (as defined below)) as amended and supplemented by the
Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth 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 Indenture shall control for purposes of this Security. All terms used in this Security that
are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. 
 This Security is
one of the series designated on the face hereof, limited to an aggregate principal amount of $1,500,000,000, 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. 
 The provisions set forth
in Section 10.04 of the Base Indenture are applicable to this Security. In addition, 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. 

The Company may redeem the Securities pursuant to Section 2.04 of the Twelfth Supplemental Indenture. The Company may also redeem the
Securities pursuant to Section 11.09 of the Base Indenture and/or Section 2.05 of the Twelfth Supplemental Indenture. Any redemption of Securities by the Company is subject to the notice period and provisions set forth in Sections 11.02
and 11.04 of the Base Indenture and in Section 2.06 of the Twelfth Supplemental Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture. 

The Company may repurchase the Securities pursuant to Section 11.12 of the Base Indenture. 

All authority conferred or agreed to be conferred by each Holder and Beneficial Owner pursuant to this Security, 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. 

The Securities shall constitute the Company’s direct, unconditional, unsecured and unsubordinated obligations and shall rank as set forth
in Section 2.01(k) of the Twelfth Supplemental Indenture. 

  
 A-6 

 The Securities are subject to the waiver of set-off
provisions set forth in Section 5.01(h) of the Base Indenture. 
 This Security is subject to the provisions regarding the U.K. Bail-in Power Acknowledgement set forth in Section 12.01 of the Base Indenture. 
 The Securities are
subject to provisions set forth in Article 5 of the Base Indenture. 
 If a Winding-Up Event occurs,
the outstanding principal amount of this Security, together with any accrued but unpaid interest thereon, 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.

 If a Non-Payment Event occurs, 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. 
 The Indenture
permits the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities to be affected under the Indenture as contemplated by Article 9 of the Base Indenture. To the extent
required by the U.S. Trust Indenture Act of 1939, as amended, but otherwise notwithstanding any other provision in this Security, the Holder of this Security shall have the right to receive (subject to Section 3.07 of the Base Indenture)
payment of any principal of, and interest on, this Security when due (or, in the case of redemption, on or after the Redemption Date), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the
consent of such Holder or holder. 
 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 provisions on registration, transfer and exchange of the Securities
set forth in Section 3.05 of the Base Indenture are applicable to the Securities. 
 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture, which shall be governed by and construed in accordance with English law. 

 

  
 A-7 

 EXHIBIT B 

Form of 2028 Note 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. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (OR ANY SUCCESSOR CLEARING SYSTEM)
(“DTC”), TO BARCLAYS PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE 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 OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as
heretofore amended and supplemented, the “Base Indenture”), as amended and supplemented by the Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth Supplemental Indenture” and, together with
the Base Indenture, the “Indenture”). 
 Notwithstanding and to the exclusion of any other term of the Securities or any other agreements,
arrangements or understandings between the Company and any Holder or Beneficial Owner of the Securities or the Trustee on behalf of the Holders, 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 12.01 of the Base Indenture. 
 In accordance with Article 13 of the Base Indenture, each Holder and Beneficial Owner of the Securities that
acquires the Securities in the secondary market shall be deemed to acknowledge, agree to be bound by, and consent to, the same provisions set forth in the Securities and the Indenture to the same extent as the 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 the provisions
contained in Section 5.01(h) and Section 12.01 of the Base Indenture. 

  
 B-1 

 5.501% Fixed Rate Resetting Senior Callable Notes due 2028 

 

			
	No. 00[•]	  	$[•]

 CUSIP NO. 06738E BY0 

ISIN NO. US06738EBY05 
 COMMON CODE
NO. 251860033 
 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 US$[•] ([•])
on August 9, 2028 (the “Maturity Date”), except as otherwise provided herein, and to pay interest thereon, in accordance with the terms hereof. Interest shall accrue on this Security from August 9, 2022 or from the most
recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, until the principal hereof is paid or made available for payment. Interest shall be paid semi-annually in
arrear on February 9 and August 9 of each year (each, an “Interest Payment Date”). From (and including) August 9, 2022 to (but excluding) August 9, 2027 (the “Reset Date”), the Securities will
bear interest at a rate of 5.501% per annum. From (and including) the Reset Date to (but excluding) the Maturity Date, the applicable per annum interest rate (the “Subsequent Interest Rate”) will be equal to the sum, as determined
by the Calculation Agent, of the then-prevailing U.S. Treasury Rate (such term subject to the provisions of Annex I to the Twelfth Supplemental Indenture) on the second Business Day immediately preceding the Reset Date, plus 2.65%. 

Subject to the limitations specified on the reverse of this Security, interest on the Securities shall be computed and payable in arrear and
on the basis of a 360-day year of twelve 30-day months. 

The Calculation Agent, initially the Bank of New York Mellon, London Branch (the “Calculation Agent”), will determine the
Subsequent Interest Rate in any circumstance where the Calculation Agent is so required under the terms of the Securities and the Indenture, in accordance with the provisions set forth in Annex I to the Twelfth Supplemental Indenture. 

All calculations made by the Calculation Agent for the purposes of calculating the interest rate on the Securities shall be conclusive and
binding on the Holders of the Securities, the Company and the Trustee, absent manifest error. 
 If any scheduled Interest Payment Date is
not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day (as defined below), but interest on that payment will not accrue during the period from and after the scheduled Interest Payment Date. If the
Maturity Date or date of redemption or repayment is not a Business Day, the payment of interest and principal and/or any amount payable upon redemption or repayment of the Securities will be made on the next succeeding Business Day, but interest on
that payment will not accrue during the period from and after such Maturity Date or date of redemption or repayment. If the Securities are redeemed, unless the Company defaults on payment of the Redemption Price, interest will cease to accrue on the
Redemption Date on the Securities called for redemption. A “Business Day” means any weekday, other than one on which banking institutions are authorized or obligated by law, 

  
 B-2 

 
regulation or executive order to close in London, England or in the City of New York, United States. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name the relevant Security (or any Predecessor Senior Debt Security) is registered at the close of business on the Regular Record Date for such interest. 

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. 
 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 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 Place of Payment in respect of the Securities shall be the
Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee located at said address. Initially, the Senior Debt Security Registrar for the
Securities shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg (which location shall also be a Place of Payment
for purposes of Section 3.05(a) of the Base Indenture). The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt Security
Registrar without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture which shall be 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 COVERED BY THE U.K.
FINANCIAL SERVICES COMPENSATION SCHEME OR INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OF THE UNITED STATES, THE UNITED KINGDOM OR ANY OTHER JURISDICTION. 

  
 B-3 

 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, facsimile or electronic 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. 

  
 B-4 

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

Date: August 9, 2022 
  

			
	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: August 9, 2022	 		 	 THE BANK OF NEW YORK MELLON, as

Trustee

				
		 		 	By:	 	          

 {Signature Page to Global Security No. [•]} 

 (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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as heretofore amended and supplemented, 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 Indenture (as defined below)) as amended and supplemented by the
Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth 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 Indenture shall control for purposes of this Security. All terms used in this Security that
are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. 
 This Security is
one of the series designated on the face hereof, limited to an aggregate principal amount of $1,750,000,000, 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. 
 The provisions set forth
in Section 10.04 of the Base Indenture are applicable to this Security. In addition, 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. 

The Company may redeem the Securities pursuant to Section 2.04 of the Twelfth Supplemental Indenture. The Company may also redeem the
Securities pursuant to Section 11.09 of the Base Indenture and/or Section 2.05 of the Twelfth Supplemental Indenture. Any redemption of Securities by the Company is subject to the notice period and provisions set forth in Sections 11.02
and 11.04 of the Base Indenture and in Section 2.06 of the Twelfth Supplemental Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture. 

The Company may repurchase the Securities pursuant to Section 11.12 of the Base Indenture. 

All authority conferred or agreed to be conferred by each Holder and Beneficial Owner pursuant to this Security, 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. 

The Securities shall constitute the Company’s direct, unconditional, unsecured and unsubordinated obligations and shall rank as set forth
in Section 2.01(k) of the Twelfth Supplemental Indenture. 

  
 B-6 

 The Securities are subject to the waiver of set-off
provisions set forth in Section 5.01(h) of the Base Indenture. 
 This Security is subject to the provisions regarding the U.K. Bail-in Power Acknowledgement set forth in Section 12.01 of the Base Indenture. 
 The Securities are
subject to provisions set forth in Article 5 of the Base Indenture. 
 If a Winding-Up Event occurs,
the outstanding principal amount of this Security, together with any accrued but unpaid interest thereon, 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.

 If a Non-Payment Event occurs, 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. 
 The Indenture
permits the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities to be affected under the Indenture as contemplated by Article 9 of the Base Indenture. To the extent
required by the U.S. Trust Indenture Act of 1939, as amended, but otherwise notwithstanding any other provision in this Security, the Holder of this Security shall have the right to receive (subject to Section 3.07 of the Base Indenture)
payment of any principal of, and interest on, this Security when due (or, in the case of redemption, on or after the Redemption Date), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the
consent of such Holder or holder. 
 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 provisions on registration, transfer and exchange of the Securities
set forth in Section 3.05 of the Base Indenture are applicable to the Securities. 
 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture, which shall be governed by and construed in accordance with English law. 

  
 B-7 

 EXHIBIT C 

Form of 2033 Note 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. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (OR ANY SUCCESSOR CLEARING SYSTEM)
(“DTC”), TO BARCLAYS PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE 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 OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as
heretofore amended and supplemented, the “Base Indenture”), as amended and supplemented by the Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth Supplemental Indenture” and, together with
the Base Indenture, the “Indenture”). 
 Notwithstanding and to the exclusion of any other term of the Securities or any other agreements,
arrangements, or understandings between the Company and any Holder or Beneficial Owner of the Securities or the Trustee on behalf of the Holders, 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 12.01 of the Base Indenture. 
 In accordance with Article 13 of the Base Indenture, each Holder and Beneficial Owner of the Securities that
acquires the Securities in the secondary market shall be deemed to acknowledge, agree to be bound by, and consent to, the same provisions set forth in the Securities and the Indenture to the same extent as the 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 the provisions
contained in Section 5.01(h) and Section 12.01 of the Base Indenture. 

  
 C-1 

 5.746% Fixed Rate Resetting Senior Callable Notes due 2033 

 

			
	No. 00[•]	  	$[•]

 CUSIP NO. 06738E CA1 

ISIN NO. US06738ECA10 
 COMMON CODE
NO. 251860084 
 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 US$[•] ([•])
on August 9, 2033 (the “Maturity Date”), except as otherwise provided herein, and to pay interest thereon, in accordance with the terms hereof. Interest shall accrue on this Security from August 9, 2022 or from the most
recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, until the principal hereof is paid or made available for payment. Interest shall be paid semi-annually in
arrear on February 9 and August 9 of each year (each, an “Interest Payment Date”). From (and including) August 9, 2022 to (but excluding) August 9, 2032 (the “Reset Date”), the Securities will
bear interest at a rate of 5.746% per annum. From (and including) the Reset Date to (but excluding) the Maturity Date, the applicable per annum interest rate (the “Subsequent Interest Rate”) will be equal to the sum, as determined
by the Calculation Agent, of the then-prevailing U.S. Treasury Rate (such term subject to the provisions of Annex I to the Twelfth Supplemental Indenture) on the second Business Day immediately preceding the Reset Date, plus 3.00%. 

Subject to the limitations specified on the reverse of this Security, interest on the Securities shall be computed and payable in arrear and
on the basis of a 360-day year of twelve 30-day months. 

The Calculation Agent, initially the Bank of New York Mellon, London Branch (the “Calculation Agent”), will determine the
Subsequent Interest Rate in any circumstance where the Calculation Agent is so required under the terms of the Securities and the Indenture, in accordance with the provisions set forth in Annex I to the Twelfth Supplemental Indenture. 

All calculations made by the Calculation Agent for the purposes of calculating the interest rate on the Securities shall be conclusive and
binding on the Holders of the Securities, the Company and the Trustee, absent manifest error. 
 If any scheduled Interest Payment Date is
not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day (as defined below), but interest on that payment will not accrue during the period from and after the scheduled Interest Payment Date. If the
Maturity Date or date of redemption or repayment is not a Business Day, the payment of interest and principal and/or any amount payable upon redemption or repayment of the Securities will be made on the next succeeding Business Day, but interest on
that payment will not accrue during the period from and after such Maturity Date or date of redemption or repayment. If the Securities are redeemed, unless the Company defaults on payment of the Redemption Price, interest will cease to accrue on the
Redemption Date on the Securities called for redemption. A “Business Day” means any weekday, other than one on which banking institutions are authorized or obligated by law, 

  
 C-2 

 
regulation or executive order to close in London, England or in the City of New York, United States. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name the relevant Security (or any Predecessor Senior Debt Security) is registered at the close of business on the Regular Record Date for such interest. 

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. 
 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 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 Place of Payment in respect of the Securities shall be the
Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee located at said address. Initially, the Senior Debt Security Registrar for the
Securities shall be The Bank of New York Mellon SA/NV, Luxembourg Branch, 2-4 Rue Eugene Ruppert, Vertigo Building – Polaris, Luxembourg, 2453, Luxembourg (which location shall also be a Place of Payment
for purposes of Section 3.05(a) of the Base Indenture). The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt Security
Registrar without prior notice to the Holders of the Securities, and in such an event the Company may act as Paying Agent or 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture which shall be 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 COVERED BY THE U.K.
FINANCIAL SERVICES COMPENSATION SCHEME OR INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OF THE UNITED STATES, THE UNITED KINGDOM OR ANY OTHER JURISDICTION. 

  
 C-3 

 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, facsimile or electronic 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. 

  
 C-4 

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

Date: August 9, 2022     
  

			
	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: August 9, 2022	 		 	 THE BANK OF NEW YORK MELLON, as

Trustee

				
		 		 	By:	 	              

 {Signature Page to Global Security No. [•]} 

 (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 Senior Debt Securities Indenture, dated as of January 17, 2018 (as heretofore amended and supplemented, 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 Indenture (as defined below)) as amended and supplemented by the
Twelfth Supplemental Indenture, dated as of August 9, 2022 (the “Twelfth 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 Indenture shall control for purposes of this Security. All terms used in this Security that
are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. 
 This Security is
one of the series designated on the face hereof, limited to an aggregate principal amount of $1,000,000,000, 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. 
 The provisions set forth
in Section 10.04 of the Base Indenture are applicable to this Security. In addition, 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. 

The Company may redeem the Securities pursuant to Section 2.04 of the Twelfth Supplemental Indenture. The Company may also redeem the
Securities pursuant to Section 11.09 of the Base Indenture and/or Section 2.05 of the Twelfth Supplemental Indenture. Any redemption of Securities by the Company is subject to the notice period and provisions set forth in Sections 11.02
and 11.04 of the Base Indenture and in Section 2.06 of the Twelfth Supplemental Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture. 

The Company may repurchase the Securities pursuant to Section 11.12 of the Base Indenture. 

All authority conferred or agreed to be conferred by each Holder and Beneficial Owner pursuant to this Security, 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. 

The Securities shall constitute the Company’s direct, unconditional, unsecured and unsubordinated obligations and shall rank as set forth
in Section 2.01(k) of the Twelfth Supplemental Indenture. 

  
 C-6 

 The Securities are subject to the waiver of set-off
provisions set forth in Section 5.01(h) of the Base Indenture. 
 This Security is subject to the provisions regarding the U.K. Bail-in Power Acknowledgement set forth in Section 12.01 of the Base Indenture. 
 The Securities are
subject to provisions set forth in Article 5 of the Base Indenture. 
 If a Winding-Up Event occurs,
the outstanding principal amount of this Security, together with any accrued but unpaid interest thereon, 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.

 If a Non-Payment Event occurs, 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. 
 The Indenture
permits the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities to be affected under the Indenture as contemplated by Article 9 of the Base Indenture. To the extent
required by the U.S. Trust Indenture Act of 1939, as amended, but otherwise notwithstanding any other provision in this Security, the Holder of this Security shall have the right to receive (subject to Section 3.07 of the Base Indenture)
payment of any principal of, and interest on, this Security when due (or, in the case of redemption, on or after the Redemption Date), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the
consent of such Holder or holder. 
 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 provisions on registration, transfer and exchange of the Securities
set forth in Section 3.05 of the Base Indenture are applicable to the Securities. 
 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. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.01(h) of the Base Indenture, which shall be governed by and construed in accordance with English law. 

  
 C-7

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