BARCLAYS PLC (Form: 6-K, Received: 04/29/2020 13:08:58)

Barclays PLC

Exhibit 99.1

Barclays PLC

This exhibit

includes portions

from

the previously

published Results

Announcement of

Barclays

PLC relating

to the

three months

ended

March

2020,

amended

part

comply

with

the

requirements

Regulation

and

Item

10(e)

Regulation

S-K

promulgated

by the

US Securities

and Exchange

Commission (SEC),

including the

reconciliation

of certain

financial information

comparable

measures

prepared

accordance

with

International

Financial

Reporting

Standards

(IFRS).

The

purpose

this

document

provide

such

additional

disclosure

required

Regulation

and

Regulation

S-K

item

10(e),

delete

certain

information

not in

compliance with

SEC regulations

and to

include reconciliations

of certain

non-IFRS figures

to the

most directly

equivalent

IFRS

figures

for

the

periods

presented.

This

document

does

not

update

otherwise

supplement

the

information

contained

the

previously

published

Results

Announcement.

Any

reference

website

this

document

made

for

informational purposes only, and information

found at such websites is not incorporated by reference

into this document.

An audit opinion has not been rendered in respect of this document.

Notes

Barclays PLC

The terms Barclays or Group

refer to Barclays

PLC together with its subsidiaries. Unless otherwise stated,

the income statement analysis compares the

three

months ended 31 March

2020 to the corresponding

three months of 2019

and balance sheet analysis as

at 31 March 2020

with comparatives relating

to 31

December 2019

and 31

March

2019. The

abbreviations ‘£m’

and

‘£bn’ represent

millions and

thousands of

millions of

Pounds

Sterling

respectively; the

abbreviations ‘$m’ and ‘$bn’ represent

millions and thousands of millions of

US Dollars respectively; and the abbreviations

‘€m’ and ‘€bn’ represent millions

and thousands of millions of Euros respectively.

There are a number

of key judgement areas,

for example impairment calculations, which

are based on models and which

are subject to ongoing adjustment

and modifications. Reported numbers reflect best estimates and judgements at the given point in time.

Relevant terms that are used in this document but are

not defined under applicable regulatory guidance or International Financial Reporting Standards (IFRS)

are explained in the results glossary that can be accessed at home.barclays/investor-relations/reports-and-events/latest-financial-results.

The information

in this

announcement, which

was approved

by the

Board of

Directors on

28 April

2020, does

not comprise

statutory accounts

within the

meaning of

Section 434

of the

Companies Act

2006. Statutory

accounts for

the year

ended 31

December 2019,

which contain

an unmodified audit

report

under Section 495

of the Companies

Act 2006

(which did not

make any

statements under

Section 498 of

the Companies Act

2006) will be

delivered to

the

Registrar of Companies in accordance with Section 441 of the Companies Act 2006.

Barclays is a frequent issuer in the debt capital markets and regularly meets with investors

via formal road-shows and other ad hoc meetings. Consistent with

its usual

practice, Barclays

expects that

from time

to time

over the

coming quarter

it will

meet with

investors

globally to

discuss these

results and

other

matters relating to the Group.

Non-IFRS performance measures

Barclays

management

believes

that

the

non-IFRS

performance

measures

included

this

document

provide

valuable

information

the

readers

the

financial statements as they

enable the reader to identify

a more consistent basis

for comparing the businesses’ performance between

financial periods and

provide more detail conc

erning the elements of performance which

the managers of these businesses

are most directly able to

influence or are relevant

for

an assessment

of the

Group.

They also

reflect an

important aspect

of the

way

in which

operating

targets

are defined

and performance

is monitored

Barclays management. However,

any non-IFRS performance

measures in this document

are not a

substitute for

IFRS measures and

readers should consider

the IFRS

measures as

well. Refer

to the

appendix on

pages 35

to 43

for further

information and

calculations of

non-IFRS performance

measures included

throughout this document, and the most directly comparable IFRS measures.

Key non-IFRS measures included in this document, and the most directly comparable IFRS measures, are:

– Attributable profit excluding

litigation and conduct represents attributable

profit excluding litigation and conduct charges.

The comparable IFRS measure is

attributable profit. A reconciliation is provided on pages 37 to 42;

– Average allocated equity represents the average

shareholders’ equity that is allocated to the businesses. The comparable IFRS measure is average

equity. A

reconciliation is provided on pages 37 to 41;

– Average allocated tangible

equity is calculated as the average

of the previous month’s period

end allocated tangible equity and the current

month’s period

end allocated

tangible equity.

The average

allocated tangible

equity for

the period

is the

average of

the monthly

averages within

that period.

Period end

allocated tangible equity

is calculated as

13.5% (2019: 13.0%) of

RWAs for

each business, adjusted for

capital deductions, excluding

goodwill and intangible

assets, reflecting the assumptions the Group uses for

capital planning purposes. Head Office allocated tangible equity represents

the difference between the

Group’s tangible

shareholders’ equity and the amounts

allocated to businesses. The comparable

IFRS measure is average

equity. A reconciliation

is provided

on pages 37 to 41;

– Average tangible

shareholders’ equity is calculated

as the average

of the previous month’s

period end tangible equity and

the current month’s

period end

tangible equity.

The average

tangible shareholders’

equity for

the period

is the

average of

the monthly

averages

within that

period. The

comparable IFRS

measure is average equity. A reconciliation is provided on pages 37 to 41;

– Basic earnings per

share excluding litigation

and conduct is

calculated by dividing statutory

profit after tax

attributable to ordinary

shareholders excluding

litigation and conduct charges, by the basic weighted

average number of shares. The comparable IFRS

measure is basic earnings per share. A reconciliation is

provided on page 37;

– Cost:

income ratio

excluding litigation

and conduct

represents operating

expenses excluding

litigation and

conduct charges,

divided by total

income. The

comparable IFRS measure is cost: income ratio. A reconciliation is provided on pages 37 to 41;

– Operating expenses excluding litigation and conduct represents operating expenses excluding litigation and

conduct charges. The comparable IFRS measure

is operating expenses. A reconciliation is provided on pages 37 to 41;

– Profit

before tax

excluding litigation

and conduct

represents profit

before tax

excluding litigation

and conduct

charges. The

comparable IFRS

measure is

profit before tax. A reconciliation is provided on pages 37 to 42;

– Return on average allocated equity represents the return on shareholders’ equity that is allocated to the businesses. The comparable IFRS measure is return

on equity. A reconciliation is provided on page 43;

–

Return

average

allocated

tangible equity

calculated

the annualised

profit

after

tax

attributable

ordinary

equity

holders of

the parent,

proportion of average allocated tangible equity. The comparable IFRS measure is return on equity. A reconciliation is provided on page 43;

– Return on

average allocated

tangible equity excluding

litigation and conduct is

calculated as the

annualised profit after tax

attributable to ordinary

equity

holders of the parent

excluding litigation and

conduct charges, as

a proportion of average

allocated tangible equity.

The comparable IFRS

measure is return

on equity. A reconciliation is provided on page 43;

– Return

on average

tangible shareholders’ equity

is calculated

as the annualised

profit after

tax attributable

to ordinary

equity holders of

the parent, as

proportion of average

shareholders’ equity excluding

non-controlling interests and

other equity instruments

adjusted for the

deduction of intangible

assets

and goodwill. The comparable IFRS measure is return on equity. A reconciliation is provided on page 43; and

– Tangible

net asset

value per

is calculated

dividing shareholders’

equity,

excluding non-controlling

interests

and other

equity instruments,

less

goodwill and intangible assets, by the number of issued ordinary shares. The

components of the calculation have been included on page 42.

Notes

Barclays PLC

Forward-looking statements

This document contains

certain forward-looking statements

within the meaning of

Section 21E of

the US Securities Exchange

Act of 1934, as

amended, and

Section 27A

of the

US Securities

Act

of 1933,

as amended,

with respect

the Group.

Barclays

cautions readers

that no

forward-looking statement

guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in

the forward-looking

statements. These

forward-looking statements

can be

identified by

the fact

that they

do not

relate only

to historical

or current

facts.

Forward-looking statements sometimes use words such as ‘may’,

‘will’, ‘seek’,

‘continue’,

‘aim’, ‘anticipate’,

‘target’, ‘projected’,

‘expect’, ‘estimate’,

‘intend’,

‘plan’,

‘goal’,

‘believe’,

‘achieve’ or

other words

of similar meaning.

Forward-looking statements

can be

made in writing

but also

may be

made verbally

members of

the management

of the

Group (including,

without limitation,

during management

presentations to

financial analysts)

in connection

with this

document.

Examples of

forward-looking

statements

include, among

others,

statements

guidance regarding

relating to

the Group’s

future

financial

position,

income

growth,

assets,

impairment

charges,

provisions,

business

strategy,

capital,

leverage

and

other

regulatory

ratios,

payment

dividends

(including dividend

payout

ratios

and

expected

payment

strategies),

projected

levels

of growth

in the

banking

and

financial markets,

projected

costs

savings,

any commitments

and targets,

estimates

of capital

expenditures, plans

and objectives

for

future

operations,

projected employee

numbers, IFRS

impacts and

other statements

that are

not historical

fact. By

their nature,

forward-looking statements

involve risk

and uncertainty

because they

relate to

future events and circumstances. The forward-looking statements speak only as at the

date on which they are made and such statements may

be affected by

changes

legislation,

the

development

standards

and

interpretations

under IFRS,

including

evolving

practices

with

regard

the

interpretation

and

application

accounting

and

regulatory

standards,

the

outcome

current

and

future

legal

proceedings

and

regulatory

investigations,

future

levels

conduct provisions, the policies and

actions of governmental and regulatory

authorities, geopolitical risks and the impact

of competition. In addition, factors

including (but not limited to) the following may have an effect:

capital, leverage and other regulatory rules applicable to past, current and future periods; UK,

US,

Eurozone

and global

macroeconomic and

business conditions;

the effects

of any

volatility in

credit markets;

market

risks such

as changes

interest rates

and foreign

exchange rates;

effects of

changes in

valuation of

credit market

exposures; changes

in valuation

of issued

securities; volatility in

capital

markets;

changes

credit

ratings

any

entity

within

the

Group

any

securities

issued

such

entities;

direct

and

indirect

impacts

the

coronavirus (COVID-19) pandemic; instability as a result of the exit by the UK from the European Union and the disruption that may subsequently result in the

UK and globally; and

the success of future

acquisitions, disposals and other strategic

transactions. A number of these

influences and factors

are beyond the

Group’s

control.

As a

result, the

Group’s

actual financial

position, future

results, dividend

payments, capital,

leverage

or other

regulatory ratios

or other

financial and non-financial metrics or performance measures

may differ materially from

the statements or guidance set

forth in the Group’s

forward-looking

statements. Additional

risks and

factors which

may impact the

Group’s future

financial condition and

performance are identified

in our

filings with the

SEC

(including, without limitation, our Annual Report

on Form 20-F for

the fiscal year ended

31 December 2019 and our

Q1 2020 Results Announcement

for the

three months ended 31 March 2020 filed on Form 6-K), which are available on the SEC’s website at www.sec.gov.

Subject to our obligations under the applicable laws and regulations of any relevant

jurisdiction, (including, without limitation, the UK and the US), in relation

to disclosure and

ongoing information, we undertake

no obligation to update

publicly or revise any

forward-looking statements, whether

as a result

of new

information, future events or otherwise.

Performance Highlights

Barclays PLC

●

Group return on equity

(RoE) was 4.4%.

Group return on tangible

equity (RoTE) of

5.1% was resilient despite

the initial impacts

from the COVID-19 pandemic, reflecting the benefits of the Group’s

diversified business model

●

Group statutory profit before tax

was £0.9bn (Q119: £1.5bn) and statutory earnings per share (EPS) was 3.5p (Q119: 6.1p)

●

Common equity tier 1 (CET1) ratio was 13.1% (December 2019: 13.8%)

●

Net asset value (NAV)

per share was 332p (December 2019: 309p).

Tangible net asset

value (TNAV) per share

increased to 284p

(December

2019:

262p)

reflecting

3.5p

statutory

EPS

and

positive

reserve

movements,

including

retirement

benefit

re-

measurements and currency translation reserves

●

are

implementing

the government

and

Bank

England’s

business

support

programmes

and

have

introduced

additional

measures to

back UK

companies

ourselves

part of

our response

the COVID

-19 pandemic.

24 April

2020 we

have

facilitated

significant

commercial

paper

issuance

though

the

Covid

Corporate

Financing

Facility,

lent

£737m

Coronavirus

Business Interruption

Loans, approved

over 238,000

mortgage

and loan

payment

holidays,

and over

6 million

customers

and

clients are

currently paying

no personal

overdraft

or business

banking charges.

have

launched a

community aid

package;

through which we are donating £100m to support those who are being hardest hit by COVID

-19

●

Group profit before

tax was £0.9bn

(Q119: £1.5bn).

Income increased 20%,

while operating expenses

were stable, resulting

an improved cost: income ratio of 52% (Q119: 63%). Barclays

International delivered positive cost: income jaws of 29%, partially

offset by

Barclays

UK negative

cost:

income jaws

of 6%.

Credit impairment

charges

increased to

£2.1bn (Q119:

£0.4bn). This

increase primarily reflects £0.4bn in respect of

single name wholesale loan charges in the quarter and

£1.2bn net impact from a

revised

Baseline

scenario

(the

“COVID-19

scenario”),

reflecting

forecast

deterioration

macroeconomic

variables

(including

expected peak unemployment levels and troughs in GDP for

the UK and US economies), partially offset by the estimated

impact

of central bank, government and other support measures

●

Barclays

profit

before

tax

was

£0.2bn

(Q119:

£0.6bn).

Income

decreased

reflecting

ongoing

margin

pressure

and

reduced fees

as a result

of the removal

of certain fees

in overdrafts

and UK cards.

Operating expenses

increased 2%

reflecting

higher restructuring

spend. Credit

impairment charges

increased to

£0.5bn (Q119: £0.2bn)

reflecting impacts from

the COVID-

19 scenario

●

Barclays

International

profit

before

tax

was

£0.8bn

(Q119: £1.1bn).

Income

grew

30%

due to

particularly strong

Markets

performance

within

the

Corporate

and

Investment

Bank

(CIB),

while

operating

expenses

increased

1%,

resulting

positive

cost: income jaws of 29%.

Credit impairment charges increased

to £1.6bn (Q119: £0.2bn) reflecting

single name wholesale loan

charges

and

impacts

from

the

COVID-19

scenario.

Higher

credit

impairment

charges

within

Consumer,

Cards

and

Payments

(CC&P) resulted in a loss before tax of £0.4bn (Q119: profit

before tax £0.3bn)

Performance Highlights

Barclays PLC

Barclays Group results

for the three months ended

31.03.20

31.03.19

£m

% Change

Total income

6,283

5,252

Credit impairment charges

(2,115)

(448)

Net operating income

4,168

4,804

(13)

Operating expenses

(3,253)

(3,257)

Litigation and conduct

(10)

(61)

Total operating expenses

(3,263)

(3,318)

Other net income/(expenses)

(3)

Profit before tax

913

1,483

(38)

Tax charge

(71)

(248)

Profit after tax

842

1,235

(32)

Non-controlling interests

(16)

(17)

Other equity instrument holders

(221)

(180)

(23)

Attributable profit

605

1,038

(42)

Performance measures

Return on average shareholders' equity

4.4%

7.8%

Return on average tangible shareholders' equity

5.1%

9.2%

Average shareholders' equity (£bn)

55.2

53.2

Average tangible shareholders' equity (£bn)

47.0

45.2

Cost: income ratio

52%

63%

Loan loss rate (bps)

223

Basic earnings per share

3.5p

6.1p

Performance measures excluding

litigation and conduct

Profit before tax

923

1,544

(40)

Attributable profit

604

1,084

(44)

Return on average tangible shareholders' equity

5.1%

9.6%

Cost: income ratio

52%

62%

Basic earnings per share

3.5p

6.3p

As at 31.03.20

As at 31.12.19

As at 31.03.19

Balance sheet and capital management

£bn

Net asset value per share

332p

309p

312p

Tangible net asset value per share

284p

262p

266p

Common equity tier 1 ratio

13.1%

13.8%

13.0%

Common equity tier 1 capital

42.5

40.8

41.4

Risk weighted assets

325.6

295.1

319.7

Average UK leverage ratio

4.5%

4.6%

UK leverage ratio

4.5%

5.1%

4.9%

Funding and liquidity

Group liquidity pool (£bn)

237

211

232

Liquidity coverage ratio

155%

160%

Loan: deposit ratio

79%

82%

80%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Refer to pages 25 to 30 for further

information on how capital, RWAs

and leverage are calculated.

Group Finance Director’s Review

Barclays PLC

Group performance

●

RoE was 4.4%

(Q119: 7.8%). RoTE, excluding

litigation and conduct,

was resilient at

5.1% (Q119: 9.6%). EPS,

excluding litigation

and conduct, was 3.5p (Q119: 6.3p), while statutory EPS was also 3.5p (Q119: 6.1p)

●

Profit before tax

was £913m (Q119:

£1,483m). Excluding litigation

and conduct, profit

before tax

was £923m (Q119:

£1,544m),

as positive

operating leverage

from a

20% increase

in income

and stable

operating expenses

were offset

by materially

higher

credit impairment charges

●

Total

income increased

20% to

£6,283m. Barclays

UK income

decreased 4%

due to

ongoing margin

pressure, including

lower

interest

earning

lending

(IEL)

balances

cards

and

deposit

margin

compression,

and

lower

fees

due

the

removal

certain

fees

overdrafts

and

cards.

Barclays

International

income

increased

30%,

with

CIB

income

44%

and

CC&P

income down 4%.

Within CIB, Markets

income increased

due to a

strong performance

in macro,

credit, and equity

derivatives.

Banking fees income increased despite

a decline in the overall fee

pool

. Transaction banking

income also increased, offset

by a

reduction

Corporate

lending.

CC&P

income

reflected

lower

balances on

co-branded

cards

and

reduced

payments

activity,

partially offset by the positive impact of appreciation in average USD against

GBP

●

Credit

impairment

charges

increased

£2,115m

(Q119:

£448m).

This

increase

reflects

£405m

respect

single

name

wholesale

loan

charges

the

quarter

and

£1.2bn

net

impact

from

revised

Baseline

scenario

(the

“COVID-19

scenario”),

reflecting

forecast

deterioration

macroeconomic

variables,

partially

offset

the

estimated

impact

central

bank,

government

and

other

support

measures.

The

COVID-19

scenario

also

includes

specific

charge

£300m

reflect

the

probability of a sustained

period of low oil

prices. The £150m provision for

UK economic uncertainty

held at year-end 2019

has

been incorporated within the updated scenario

●

The Group cost:

income ratio

was 52%

(Q119: 63%). Operating

expenses were

stable at

£3,253m (Q119:

£3,257m). The Group

delivered positive cost:

income jaws of

20%, reflecting positive

cost: income

jaws in CIB

and CC&P of

40% and 6% respectively,

partially offset

negative

cost:

income

jaws

Barclays

of 6%.

This

resulted

the

Group

cost:

income

ratio,

excluding

litigation and conduct, reducing to 52% (Q119: 62%)

●

The statutory

effective

tax rate

was 7.8%,

which included a

tax benefit

recognised for

the re-measurement

of UK

deferred tax

assets as

a result

of UK

corporation

tax

being maintained

at a

rate

of 19%.

The Group’s

effective

tax

rate

for

the full

year

expected to be around 20%, excluding litigation and conduct

●

Attributable

profit

was

£605m

(Q119:

£1,038m).

Excluding

litigation

and

conduct,

attributable

profit

was

£604m

(Q119:

£1,084m), generating a RoTE of 5.1% (Q119: 9.6%) and EPS of 3.5p (Q119: 6.3p)

●

Total assets increased to £1,444bn (December 2019: £1,140bn) primarily driven by a £113bn increase in derivative assets, £74bn

increase in cash collateral

and settlement balances,

and £60bn increase in financial

assets at fair value due to decreases

in interest

rate forward curves, increased corporate

loan drawdowns, the appreciation of period

end USD against

GBP and increased client

activity. The increases

in derivative assets

were broadly matched

by the increase

in derivative

liabilities,

which increased

£110bn

●

NAV per

share was

332p

(December 2019: 309p). TNAV

per share

increased to 284p

(December 2019: 262p) reflecting

3.5p of

statutory EPS

and positive

reserve movements,

including retirement

benefit re-measurements

and currency

translation reserves

Data Source: Dealogic, for the period covering

1 January to 31 March 2020.

Barclays UK

●

Profit

before

tax

was £195m

and RoE

was 5.0%

(Q119: 12.2%).

Profit

before

tax,

excluding

litigation

and conduct,

decreased

66% to £200m. RoTE was 6.8% (Q119: 16.4%) reflecting the challenging operating environment

●

Total

income decreased

4% to

£1,704m. A

4% reduction

in net

interest

income to

£1,412m (resulting

in a

lower net

interest

margin (NIM) of 2.91% (Q119:

3.18%)) reflected lower

IEL balances in UK cards,

reduced overdraft balances and

deposit margin

compression, partially offset by liquidity pool investment gains.

Net fee, commission and other income decreased 5% to £292m,

reflecting the removal of certain fees in overdrafts

and UK cards, and planned lower debt sales

–

Personal Banking

income was

stable at

£968m (Q119:

£964m), with deposit

margin compression

and the removal

certain fees in overdrafts offset by

liquidity pool investment gains and a tax refund

–

Barclaycard

Consumer

income

decreased

11%

£436m

reflecting

reduced

borrowing

customers,

which

resulted in a lower level of IEL balances, and planned lower debt sales

–

Business Banking income decreased

7% to £300m due

to deposit margin compre

ssion and market

volatility impacting

the Education, Social Housing and Local Authority (ESHLA) fair value loan portfolio

●

Credit impairment charges

increased to

£481m (Q119:

£191m) reflecting forecast

deterioration in

macroeconomic variables

the COVID-19

scenario, partially

offset by

the estimated

impact of

central bank,

government and

other support

measures. 30

and

day

arrears

rates

cards

were

1.8%

(Q119:

1.9%)

and

0.8%

(Q119:

0.9%)

respectively,

with

impacts

from

the

macroeconomic downturn caused by the COVID-19 pandemic yet to be realised as at the

quarter end date

●

Operating expenses increased 2% to £1,023m reflecting higher restructuring

spend

●

RWAs

increased to

£77.7bn (December

2019: £74.9bn)

driven by

growth in

mortgages, market

volatility impacting

the ESHLA

fair value loan portfolio and a change in the mix of assets in the liquidity pool

Group Finance Director’s Review

Barclays PLC

Barclays International

●

Profit before tax

was £822m. RoE

was 6.4% (Q119: 10.0%),

CIB RoE was

12.1% (Q119: 9.3%) and CC&P

RoE was (20.0)%

(Q119:

12.8%).

Profit

before

tax,

excluding

litigation

and

conduct,

decreased

28%

£822m

with

RoTE

6.5%

(Q119:

10.6%),

reflecting returns in the CIB of 12.1% (Q119: 9.5%) and CC&P of (22.6)% (Q119: 15.4%)

●

Total income

increased to £4,644m (Q119: £3,570m)

–

CIB income increased 44% to £3,617m

–

Markets income of £2,422m

(Q119: £1,369m) was the best

ever quarter on a comparable

basis

. FICC income increased

106%

£1,858m

driven

a strong

performance

macro

and credit

reflecting

increased

client

activity and

spread

widening. Equities income increased

21% to £564m driven

by equity derivatives,

which were impacted

by high levels of

volatility

–

Banking

fees

income

increased

12%

£635m

driven

debt

capital

markets

and

advisory

despite

decline

the

overall fee pool

–

Within

Corporate,

Transaction

banking

income

increased

£449m

with

growth

deposit

balances.

Corporate

lending income

decreased

by £41m

£111m due

the impact

of c.£320m

of losses

on fair

value lending

positions

partially offset by c.£275m of gains on related mark-to-market

hedges

–

CC&P income

decreased 4%

to £1,027m

as lower

balances on

co-branded cards

and reduced

payments activity,

impacted

lower

customer

and

client

activity

towards

the

end

the

quarter,

were

partially

offset

the

positive

impact

appreciation in average USD against GBP

●

Credit

impairment

charges

increased

£1,609m

(Q119:

£245m)

reflecting

single

name

wholesale

loan

charges

and impacts

from the COVID-19 scenario

–

CIB credit

impairment charges

increased to

£724m (Q119:

£52m), due

to £405m

in respect

of single

name wholesale

loan

charges and exposure to the probability of a sustained period of low

oil prices

–

CC&P

credit

impairment

charges

increased

£885m

(Q119:

£193m)

due

forecast

deterioration

macroeconomic

variables in the COVID

-19 scenario, partially offset

by the estimated

impact of central

bank, government and other

support

measures.

and

day

arrears

rates

cards

were

2.7%

(Q119:

2.6%)

and

1.5%

(Q119:

1.4%)

respectively,

with

impacts from the macroeconomic downturn caused by the COVID-19 pandemic yet to

be realised as at the quarter end date

●

Operating

expenses

increased

£2,219m

as a

increase

in CIB

£1,690m

was

offset

10%

decrease

CC&P to

£529m reflecting cost efficiencies and lower marketing spend as Barclays

branded US cards presence has been scaled back

●

RWAs

increased to

£237.9bn (December

2019: £209.2bn)

primarily due

to an

increase in

client activity

compared to

year-end

2019, including drawdowns on facilities within CIB, and higher market volatility

as well as the appreciation of USD against GBP

Period covering Q114 – Q120. Pre 2014 data

was not restated following re-segmentation

in Q116.

Data Source: Dealogic, for the period covering

1 January to 31 March 2020.

Head Office

●

Loss before

tax,

excluding

litigation

and conduct,

was

£99m (Q119:

£181m).

Including litigation

and conduct

charges

£5m

(Q119: £39m), loss before tax was £104m (Q119: £220m)

●

Total

income

was

an expense

£65m (Q119:

£95m)

which included

mark-to-market

losses on

legacy

investments,

treasury

items and funding costs of legacy capital instruments, partially offset

by hedge accounting gains

●

Operating expenses

decreased to

£11m (Q119: £52m)

driven by a

provision release

related to

the previous

sale of a

Non-Core

portfolio

●

RWAs decreased to £10.0bn (December 2019: £11.0bn) mainly driven

by reduction in the value of Barclays’

stake in Absa Group

Limited

Group capital and leverage

●

The CET1 ratio decreased to 13.1% (December 2019: 13.8%)

–

CET1 capital

increased by

£1.7bn to

£42.5bn driven

by £0.9bn

of profits,

net of

credit impairment

charges not

subject to

IFRS 9 transitional capital relief,

an increase in the currency translation

reserve of £1.0bn (mainly driven by the appreciation

of period end USD against

GBP), and £1.0bn following

the cancellation of

the full year 2019 dividend.

These increases were

partially offset by a

decrease of £0.8bn in

the fair value

through other comprehensive

income reserve driven

by a decrease

in the Absa Group Limited share price and appreciation of period end GBP against ZAR

–

RWAs

increased by

£30.5bn to

£325.6bn primarily

driven by

an increase

in client

activity within

CIB (including

drawdowns

on facilities) and higher market volatility as well as the appreciation of

period end USD against GBP

Group Finance Director’s Review

Barclays PLC

●

The

average

leverage

ratio

remained

stable

4.5%

(December 2019:

4.5%)

primarily driven

increase

leverage

exposure to

£1,176bn (December

2019: £1,143bn),

partially offset

by an

increase in

Tier 1

(T1) capital.

The UK

leverage ratio

decreased to

4.5% (December

2019: 5.1%).

The increase

in leverage

exposure is

primarily driven

by an

increase in

IFRS total

assets

including

£60bn

increase

financial

assets

fair

value,

£42bn

increase

settlement

balances

and

£35bn

increase in loans and advances

Group funding and liquidity

●

The liquidity pool

was £237bn (December

2019: £211bn)

and the liquidity

coverage ratio

(LCR) remained

well above

the 100%

regulatory

requirement

155%

(December

2019:

160%),

equivalent

surplus

£82bn

(December

2019:

£78bn).

The

change in the

liquidity pool,

LCR and

surplus is

driven by

deposit growth

net of client

and business

funding requirements,

and

reflects actions to maintain a prudent funding and liquidity position in the current environment

●

Wholesale

funding

outstanding,

excluding

repurchase

agreements,

was

£155.3bn

(December

2019:

£147.1bn).

The

Group

issued £0.2bn equivalent

of minimum

requirement for

own funds

and eligible liabilities

(MREL) instruments

from Barclays

PLC

(the Parent

company) in

the quarter.

This does

not include

an additional

€2bn of

MREL issuance

that settled

on 2

April 2020.

The Group is well advanced in its MREL issuance plans, with a Barc

lays PLC MREL ratio of 29.3% as at 31 March

2020 (December

2019: 31.2%) relative to an estimated requirement (including requisite

buffers) of c.30.6% by 1 January 2022

Other matters

●

March

2020,

the

Group

held

provision

£879m

relating

Payment

Protection

Insurance.

Since

the

provision

increase

2019,

60%

the

items

outstanding

September

2019

have

been

resolved

and

observations

from

these

resolved complaints continue to support the provision level

Dividends and capital returns

●

In response

to a

request from

the Prudential

Regulation Authority

(PRA), and

to preserve

additional capital

for use

in serving

Barclays customers and clients through the extraordinary

challenges presented by the COVID-19 pandemic, the Board agreed

cancel the 6.0p

per ordinary share

full year dividend.

The Board

also decided that

for 2020

Barclays would

suspend its current

capital returns

policy and accordingly

will not

undertake any

interim ordinary

share dividend

payments, regulatory

accruals of

ordinary share dividends, or share buybacks. The Board

will decide on future dividends and its capital

returns policy at year-end

2020

Outlook and guidance

●

Due to the

lower interest

rate environment

and macroeconomic

downturn caused

by the COVID

-19 pandemic,

BUK and CC&P

income headwinds are expected

to continue for

the remainder of

the year.

In BUK in particular,

headwinds include (i) c.£250m

from the lower

rate environment

(ii) reduced IEL

balances (iii) c.£150m

due to the

removal of

certain fees

and lower overdraft

balances as a result of the High Cost of Credit Review and (iv) c.£100m from COVID-19 customer

support actions

●

In our

Markets

business client

flows

have

continued at

healthy

levels

and while

it is

too

early to

guide for

the quarter

comment on the outlook for the

rest of the year,

in April so far our revenue

run-rate is well above

that of the second quarter of

2019

●

Given the

uncertainty around

the developing

economic downturn

and low

interest

rate

environment,

2020 is

expected to

challenging. However, the Group

believes that a RoTE of greater than 10% remains the right target

for the Group over time

●

Cost control remains important and the Group continues to

target a cost: income ratio of

<60% over time

●

Barclays intends

to manage its capital position to enable it to

support customers whilst maintaining appropriate

headroom over

the

MDA

hurdle,

which

currently

11.5%.

Barclays

comfortable

operating

below

its

previously

stated

CET1

target

level,

depending on how

the stress evolves,

and will continue

to manage equity

capital having

regard to

the servicing of more

senior

securities. Barclays

also expects

its MDA hurdle

(in percentage

terms) to

reduce as a

result of some

anticipated movements

the Pillar 2A ratio requirement

●

Group targets are subject to change depending on the evolution of the COVID

-19 pandemic

Tushar Morzaria,

Group Finance Director

Excluding litigation and conduct.

Quarterly Results Summary

Barclays PLC

Barclays Group

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

Net interest income

2,331

2,344

2,445

2,360

2,258

2,296

2,388

2,190

Net fee, commission and other income

3,952

2,957

3,096

3,178

2,994

2,777

2,741

3,386

Total income

6,283

5,301

5,541

5,538

5,252

5,073

5,129

5,576

Credit impairment charges

(2,115)

(523)

(461)

(480)

(448)

(643)

(254)

(283)

Net operating income

4,168

4,778

5,080

5,058

4,804

4,430

4,875

5,293

Operating costs

(3,253)

(3,308)

(3,293)

(3,501)

(3,257)

(3,624)

(3,329)

(3,310)

UK bank levy

(226)

(269)

Operating expenses

(3,253)

(3,534)

(3,293)

(3,501)

(3,257)

(3,893)

(3,329)

(3,310)

Guaranteed Minimum Pensions (GMP) charge

(140)

Litigation and conduct

(10)

(167)

(1,568)

(53)

(61)

(60)

(105)

(81)

Total operating expenses

(3,263)

(3,701)

(4,861)

(3,554)

(3,318)

(4,093)

(3,434)

(3,391)

Other net income/(expenses)

(3)

(7)

Profit before tax

913

1,097

246

1,531

1,483

374

1,461

1,895

Tax charge

(71)

(189)

(269)

(297)

(248)

(75)

(192)

(386)

Profit/(loss) after tax

842

908

(23)

1,234

1,235

299

1,269

1,509

Non-controlling interests

(16)

(42)

(4)

(17)

(83)

(43)

(55)

Other equity instrument holders

(221)

(185)

(265)

(183)

(180)

(230)

(176)

(175)

Attributable profit/(loss)

605

681

(292)

1,034

1,038

(14)

1,050

1,279

Performance measures

Return on average shareholders' equity

4.4%

5.0%

(2.1%)

7.6%

7.8%

(0.1%)

8.0%

10.0%

Return on average tangible shareholders' equity

5.1%

5.9%

(2.4%)

9.0%

9.2%

(0.1%)

9.4%

11.8%

Average shareholders' equity (£bn)

55.2

54.5

56.4

54.0

53.2

52.2

52.5

51.3

Average tangible shareholders' equity (£bn)

47.0

46.4

48.4

46.2

45.2

44.3

44.6

43.5

Cost: income ratio

52%

70%

88%

64%

63%

81%

67%

61%

Loan loss rate (bps)

223

Basic earnings/(loss) per share

3.5p

3.9p

(1.7p)

6.0p

6.1p

(0.1p)

6.1p

7.5p

Performance measures excluding

litigation and conduct

£m

Profit before tax

923

1,264

1,814

1,584

1,544

434

1,566

1,976

Attributable profit

604

803

1,233

1,074

1,084

1,135

1,338

Return on average tangible shareholders' equity

5.1%

6.9%

10.2%

9.3%

9.6%

0.4%

10.2%

12.3%

Cost: income ratio

52%

67%

59%

63%

62%

79%

65%

59%

Basic earnings per share

3.5p

4.7p

7.2p

6.3p

0.3p

6.6p

7.8p

Balance sheet and capital management

£bn

Total assets

1,444.3

1,140.2

1,290.4

1,232.8

1,193.5

1,133.3

1,170.8

1,149.6

Net asset value per share

332p

309p

320p

322p

312p

309p

306p

305p

Tangible net asset value per share

284p

262p

274p

275p

266p

262p

260p

259p

Common equity tier 1 ratio

13.1%

13.8%

13.4%

13.0%

13.2%

13.0%

Common equity tier 1 capital

42.5

40.8

41.9

42.9

41.4

41.1

41.7

41.4

Risk weighted assets

325.6

295.1

313.3

319.1

319.7

311.9

316.2

319.3

Average UK leverage ratio

4.5%

4.6%

4.7%

4.6%

4.5%

4.6%

Average UK leverage exposure

1,176.2

1,142.8

1,171.2

1,134.6

1,105.5

1,110.0

1,119.0

1,081.8

UK leverage ratio

4.5%

5.1%

4.8%

5.1%

4.9%

5.1%

4.9%

UK leverage exposure

1,178.7

1,007.7

1,099.8

1,079.4

1,065.0

998.6

1,063.5

1,030.1

Funding and liquidity

Group liquidity pool (£bn)

237

211

226

238

232

227

213

214

Liquidity coverage ratio

155%

160%

151%

156%

160%

169%

161%

154%

Loan: deposit ratio

79%

82%

80%

83%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Refer to pages 25 to 30 for further

information on how capital, RWAs

and leverage are calculated.

Quarterly Results by Business

Barclays PLC

Barclays UK

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

Net interest income

1,412

1,478

1,503

1,438

1,469

1,513

1,529

1,493

Net fee, commission and other income

292

481

343

333

308

350

367

343

Total income

1,704

1,959

1,846

1,771

1,777

1,863

1,896

1,836

Credit impairment charges

(481)

(190)

(101)

(230)

(191)

(296)

(115)

(214)

Net operating income

1,223

1,769

1,745

1,541

1,586

1,567

1,781

1,622

Operating costs

(1,023)

(952)

(1,022)

(999)

(1,114)

(988)

(968)

UK bank levy

(41)

(46)

Operating expenses

(1,023)

(1,064)

(952)

(1,022)

(999)

(1,160)

(988)

(968)

Litigation and conduct

(5)

(58)

(1,480)

(41)

(3)

(15)

(54)

(3)

Total operating expenses

(1,028)

(1,122)

(2,432)

(1,063)

(1,002)

(1,175)

(1,042)

(971)

Other net (expenses)/income

(1)

(2)

Profit/(loss) before tax

195

647

(687)

477

585

390

740

656

Attributable profit/(loss)

175

438

(907)

328

422

241

510

473

Balance sheet information

£bn

Loans and advances to customers at amortised

cost

195.7

193.7

193.2

189.1

187.5

187.6

186.7

185.3

Total assets

267.5

257.8

257.9

259.0

253.1

249.7

252.0

245.9

Customer deposits at amortised cost

207.5

205.5

203.3

200.9

197.3

195.8

194.3

Loan: deposit ratio

96%

97%

96%

Risk weighted assets

77.7

74.9

76.8

76.2

76.6

75.2

74.8

75.0

Performance measures

Return on average allocated equity

5.0%

12.7%

(26.1%)

9.5%

12.2%

7.1%

14.9%

13.9%

Return on average allocated tangible equity

6.7%

17.0%

(34.9%)

12.7%

16.3%

9.6%

20.1%

18.8%

Average allocated equity (£bn)

14.1

13.8

13.9

13.8

13.9

13.6

13.7

13.6

Average allocated tangible equity (£bn)

10.5

10.3

10.4

10.3

10.4

10.1

Cost: income ratio

60%

57%

132%

60%

56%

63%

55%

53%

Loan loss rate (bps)

Net interest margin

2.91%

3.03%

3.10%

3.05%

3.18%

3.20%

3.22%

Performance measures excluding

litigation and conduct

£m

Profit before tax

200

705

793

518

588

405

794

659

Attributable profit

178

481

550

358

424

253

558

474

Return on average allocated tangible equity

6.8%

18.7%

21.2%

13.9%

16.4%

10.1%

22.0%

18.8%

Cost: income ratio

60%

54%

52%

58%

56%

62%

52%

53%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Quarterly Results by Business

Barclays PLC

Analysis of Barclays UK

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Analysis of total income

£m

Personal Banking

968

1,064

1,035

946

964

998

1,021

1,015

Barclaycard Consumer UK

436

533

472

497

490

522

551

504

Business Banking

300

362

339

328

323

343

324

317

Total income

1,704

1,959

1,846

1,771

1,777

1,863

1,896

1,836

Analysis of credit impairment (charges)/releases

Personal Banking

(134)

(71)

(36)

(52)

(44)

(8)

(49)

Barclaycard Consumer UK

(301)

(108)

(49)

(175)

(140)

(250)

(88)

(139)

Business Banking

(46)

(11)

(16)

(19)

(2)

(19)

(26)

Total credit impairment charges

(481)

(190)

(101)

(230)

(191)

(296)

(115)

(214)

Analysis of loans and advances to customers at

amortised cost

£bn

Personal Banking

153.4

151.9

150.1

147.3

145.9

146.0

145.4

143.6

Barclaycard Consumer UK

13.6

14.7

14.9

15.1

15.0

15.3

15.2

Business Banking

28.7

27.1

28.2

26.7

26.6

26.3

26.0

26.5

Total loans and advances to customers at

amortised cost

195.7

193.7

193.2

189.1

187.5

187.6

186.7

185.3

Analysis of customer deposits at amortised cost

Personal Banking

161.4

159.2

157.9

156.3

154.1

154.0

153.4

152.9

Barclaycard Consumer UK

Business Banking

46.1

46.3

45.4

44.6

43.2

43.3

42.4

41.4

Total customer deposits at amortised cost

207.5

205.5

203.3

200.9

197.3

195.8

194.3

Quarterly Results by Business

Barclays PLC

Barclays International

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

Net interest income

998

965

1,059

1,017

900

984

965

853

Net trading income

2,360

929

1,110

1,016

1,144

837

1,103

1,094

Net fee, commission and other income

1,286

1,558

1,581

1,870

1,526

1,400

1,222

1,760

Total income

4,644

3,452

3,750

3,903

3,570

3,221

3,290

3,707

Credit impairment charges

(1,609)

(329)

(352)

(247)

(245)

(354)

(143)

(68)

Net operating income

3,035

3,123

3,398

3,656

3,325

2,867

3,147

3,639

Operating costs

(2,219)

(2,240)

(2,282)

(2,435)

(2,206)

(2,441)

(2,277)

(2,306)

UK bank levy

(174)

(210)

Operating expenses

(2,219)

(2,414)

(2,282)

(2,435)

(2,206)

(2,651)

(2,277)

(2,306)

Litigation and conduct

(86)

(11)

(19)

(33)

(32)

(47)

Total operating expenses

(2,219)

(2,500)

(2,282)

(2,446)

(2,225)

(2,684)

(2,309)

(2,353)

Other net income

Profit before tax

822

640

1,137

1,223

1,118

215

850

1,297

Attributable profit/(loss)

529

397

799

832

788

(21)

687

926

Balance sheet information

£bn

Loans and advances at amortised cost

167.0

132.8

138.1

134.8

130.9

127.2

132.4

125.5

Trading portfolio assets

101.6

113.3

119.4

120.0

117.2

104.0

124.6

116.5

Derivative financial instrument assets

341.5

228.9

286.0

243.8

217.3

222.1

214.8

228.2

Financial assets at fair value through the income

statement

188.4

128.4

158.0

154.7

153.5

144.7

147.8

141.2

Cash collateral and settlement balances

153.2

79.4

112.5

101.3

97.8

74.3

94.3

91.5

Other assets

201.5

178.6

195.6

196.8

202.3

189.8

186.3

183.6

Total assets

1,153.2

861.4

1,009.6

951.4

919.0

862.1

900.2

886.5

Deposits at amortised cost

263.3

210.0

217.6

212.0

215.5

197.2

200.3

191.0

Derivative financial instrument liabilities

338.8

228.9

283.3

243.0

213.5

219.6

213.7

224.9

Loan: deposit ratio

63%

64%

61%

65%

66%

Risk weighted assets

237.9

209.2

223.1

214.8

216.1

210.7

214.6

218.0

Performance measures

Return on average allocated equity

6.4%

5.0%

9.6%

10.3%

10.0%

(0.3%)

8.5%

11.3%

Return on average allocated tangible equity

6.5%

5.1%

9.9%

10.7%

10.4%

(0.3%)

8.8%

11.8%

Average allocated equity (£bn)

33.0

31.9

33.3

32.1

31.6

32.4

32.5

32.8

Average allocated tangible equity (£bn)

32.3

30.9

32.2

31.1

30.5

31.3

31.1

31.4

Cost: income ratio

48%

72%

61%

63%

62%

83%

70%

63%

Loan loss rate (bps)

377

107

Net interest margin

3.93%

4.29%

4.10%

3.91%

3.99%

3.98%

3.87%

4.03%

Performance measures excluding

litigation and conduct

£m

Profit before tax

822

726

1,137

1,234

1,137

248

882

1,344

Attributable profit

529

461

801

840

804

713

960

Return on average allocated tangible equity

6.5%

6.0%

10.0%

10.8%

10.6%

0.2%

9.2%

12.2%

Cost: income ratio

48%

70%

61%

62%

82%

69%

62%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Quarterly Results by Business

Barclays PLC

Analysis of Barclays International

Corporate and Investment Bank

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

FICC

1,858

726

816

920

902

570

688

736

Equities

564

409

494

517

467

375

471

601

Markets

2,422

1,135

1,310

1,437

1,369

945

1,159

1,337

Advisory

155

202

221

132

242

151

168

Equity capital markets

104

Debt capital markets

418

322

381

373

354

330

313

446

Banking fees

635

580

688

698

569

625

519

704

Corporate lending

111

202

195

216

152

243

197

198

Transaction banking

449

397

424

444

415

412

416

385

Corporate

560

599

619

660

567

655

613

583

Other

(74)

(56)

(44)

Total income

3,617

2,314

2,617

2,795

2,505

2,151

2,235

2,580

Credit impairment (charges)/releases

(724)

(30)

(31)

(44)

(52)

(35)

Net operating income

2,893

2,284

2,586

2,751

2,453

2,116

2,238

2,603

Operating costs

(1,690)

(1,691)

(1,712)

(1,860)

(1,619)

(1,835)

(1,712)

(1,773)

UK bank levy

(156)

(188)

Operating expenses

(1,690)

(1,847)

(1,712)

(1,860)

(1,619)

(2,023)

(1,712)

(1,773)

Litigation and conduct

(79)

(4)

(7)

(19)

(23)

(32)

Total operating expenses

(1,690)

(1,926)

(1,716)

(1,867)

(1,638)

(2,046)

(1,744)

(1,773)

Other net income

Profit before tax

1,203

359

882

887

827

498

835

Attributable profit/(loss)

820

193

609

596

582

(84)

431

600

Balance sheet information

£bn

Loans and advances at amortised cost

128.2

92.0

95.8

92.1

90.6

86.4

93.3

87.8

Trading portfolio assets

101.5

113.3

119.3

119.9

117.2

104.0

124.5

116.5

Derivative financial instruments assets

341.4

228.8

286.0

243.7

217.3

222.1

214.8

228.1

Financial assets at fair value through the income

statement

187.8

127.7

157.3

154.1

152.9

144.2

147.3

140.7

Cash collateral and settlement balances

152.2

78.5

111.6

100.4

96.9

73.4

93.3

90.6

Other assets

171.4

155.3

171.5

168.1

163.2

160.4

153.8

151.6

Total assets

1,082.5

795.6

941.5

878.3

838.1

790.5

827.0

815.3

Deposits at amortised cost

198.4

146.2

152.1

145.4

151.4

136.3

137.6

130.3

Derivative financial instrument liabilities

338.7

228.9

283.2

242.9

213.5

219.6

213.7

224.9

Risk weighted assets

201.7

171.5

184.9

175.9

176.6

170.9

175.9

180.4

Performance measures

Return on average allocated equity

12.1%

3.0%

9.1%

9.2%

9.3%

(1.3%)

6.6%

9.0%

Return on average allocated tangible equity

12.1%

3.0%

9.1%

9.2%

9.3%

(1.3%)

6.6%

9.1%

Average allocated equity (£bn)

27.2

25.9

26.9

25.8

25.2

26.0

26.2

26.7

Average allocated tangible equity (£bn)

27.2

25.8

26.9

25.8

25.1

26.0

25.9

26.4

Cost: income ratio

47%

83%

66%

67%

65%

95%

78%

69%

Performance measures excluding

litigation and conduct

£m

Profit before tax

1,203

438

886

894

846

108

530

835

Attributable profit/(loss)

820

251

614

601

598

(57)

456

600

Return on average allocated tangible equity

12.1%

3.9%

9.2%

9.3%

9.5%

(0.9%)

7.0%

9.1%

Cost: income ratio

47%

80%

65%

67%

65%

94%

77%

69%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Quarterly Results by Business

Barclays PLC

Analysis of Barclays International

Consumer, Cards and Payments

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

Net interest income

663

717

720

665

664

691

699

Net fee, commission, trading and other income

364

421

413

388

400

406

364

428

Total income

1,027

1,138

1,133

1,108

1,065

1,070

1,055

1,127

Credit impairment charges

(885)

(299)

(321)

(203)

(193)

(319)

(146)

(91)

Net operating income

142

839

812

905

872

751

909

1,036

Operating costs

(529)

(549)

(570)

(575)

(587)

(606)

(565)

(533)

UK bank levy

(18)

(22)

Operating expenses

(529)

(567)

(570)

(575)

(587)

(628)

(565)

(533)

Litigation and conduct

(7)

(4)

(10)

(47)

Total operating expenses

(529)

(574)

(566)

(579)

(587)

(638)

(565)

(580)

Other net income

(Loss)/profit before tax

(381)

281

255

336

291

130

352

462

Attributable (loss)/profit

(291)

204

190

236

206

256

326

Balance sheet information

£bn

Loans and advances at amortised cost

38.8

40.8

42.3

42.7

40.3

40.8

39.1

37.7

Total assets

70.7

65.8

68.1

73.1

80.9

71.6

73.2

71.2

Deposits at amortised cost

64.9

63.8

65.5

66.6

64.1

60.9

62.7

60.7

Risk weighted assets

36.2

37.7

38.2

38.9

39.5

39.8

38.7

37.6

Performance measures

Return on average allocated equity

(20.0%)

13.6%

11.8%

14.9%

12.8%

3.9%

16.3%

21.6%

Return on average allocated tangible equity

(22.6%)

15.9%

14.2%

17.8%

15.4%

4.8%

19.8%

26.2%

Average allocated equity (£bn)

5.8

6.0

6.4

6.3

6.4

6.3

6.0

Average allocated tangible equity (£bn)

5.1

5.3

5.4

5.3

5.2

5.0

Cost: income ratio

52%

50%

52%

55%

60%

54%

51%

Loan loss rate (bps)

846

273

283

180

182

290

138

Performance measures excluding

litigation and conduct

£m

(Loss)/profit before tax

(381)

288

251

340

291

140

352

509

Attributable (loss)/profit

(291)

210

187

239

206

257

360

Return on average allocated tangible equity

(22.6%)

16.3%

14.0%

18.0%

15.4%

5.4%

19.9%

28.9%

Cost: income ratio

52%

50%

52%

55%

59%

54%

47%

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Quarterly Results by Business

Barclays PLC

Head Office

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Income statement

information

£m

Net interest income

(79)

(99)

(117)

(95)

(111)

(201)

(106)

(156)

Net fee, commission and other income

(11)

(41)

190

189

Total income

(65)

(110)

(55)

(136)

(95)

(11)

(57)

Credit impairment (charges)/releases

(25)

(4)

(8)

(3)

(12)

(1)

Net operating (expenses)/income

(90)

(114)

(63)

(139)

(107)

(4)

(53)

Operating costs

(11)

(45)

(59)

(44)

(52)

(69)

(64)

(36)

UK bank levy

(11)

(13)

Operating expenses

(11)

(56)

(59)

(44)

(52)

(82)

(64)

(36)

GMP charge

(140)

Litigation and conduct

(5)

(23)

(88)

(1)

(39)

(12)

(19)

(31)

Total operating expenses

(16)

(79)

(147)

(45)

(91)

(234)

(83)

(67)

Other net income/(expenses)

(22)

(23)

Loss before tax

(104)

(190)

(204)

(169)

(220)

(231)

(129)

(58)

Attributable loss

(99)

(154)

(184)

(126)

(172)

(234)

(147)

(120)

Balance sheet information

£bn

Total assets

23.6

21.0

22.9

22.4

21.4

21.5

18.6

17.2

Risk weighted assets

10.0

11.0

13.4

28.1

27.0

26.0

26.8

26.3

Performance measures

Average allocated equity (£bn)

8.1

8.8

9.2

8.1

7.7

6.2

6.4

4.9

Average allocated tangible equity (£bn)

4.2

5.2

5.8

4.8

4.3

2.9

3.4

2.0

Performance measures excluding

litigation and conduct

£m

Loss before tax

(99)

(167)

(116)

(168)

(181)

(219)

(110)

(27)

Attributable loss

(103)

(139)

(118)

(124)

(144)

(218)

(136)

(96)

Refer to pages 35 to 42 for further

information and calculations of performance

measures excluding litigation and conduct.

Performance Management

Barclays PLC

Margins and balances

Three months ended 31.03.20

Three months ended 31.03.19

Net interest

income

Average

customer

assets

Net interest

margin

Net interest

income

Average

customer

assets

Net interest

margin

£m

Barclays UK

1,412

195,204

2.91

1,469

187,570

3.18

Barclays International

980

100,171

3.93

967

98,313

3.99

Total Barclays UK and Barclays

International

2,392

295,375

3.26

2,436

285,883

3.46

Other

(61)

(178)

Total Barclays Group

2,331

2,258

Barclays International margins include interest

earning lending balances within the investment

banking business.

Other includes Head Office and non-lending related investment

banking businesses not included in Barclays International

margins.

The Group’s

combined product and equity

structural hedge notional

as at 31 March

2020 was £174bn, with

an average duration

2.5 to 3 years. Group

net interest income includes

gross structural hedge contributions

of £0.4bn (Q119: £0.4bn) and net

structural

hedge contributions of £0.2bn

(Q119: £0.2bn). Gross structural

hedge contributions represent

the absolute level

of interest earned

from the

fixed receipts

on the basket

of swaps

in the structural

hedge, while the

net structural

hedge contributions

represent the

net interest earned on the difference between the structural

hedge rate and prevailing floating rates.

Quarterly analysis for Barclays

UK and Barclays International

Net interest

income

Average

customer

assets

Net interest

margin

Three months ended 31.12.19

£m

Barclays UK

1,478

193,610

3.03

Barclays International

1,036

95,819

4.29

Total Barclays UK and Barclays

International

2,514

289,429

3.45

Three months ended 30.09.19

Barclays UK

1,503

192,262

3.10

Barclays International

1,038

100,589

4.10

Total Barclays UK and Barclays

International

2,541

292,851

3.44

Three months ended 30.06.19

Barclays UK

1,438

189,172

3.05

Barclays International

980

100,645

3.91

Total Barclays UK and Barclays

International

2,418

289,817

3.35

Barclays International margins include interest

earning lending balances within the investment

banking business.

Risk Management

Barclays PLC

Risk management and principal risks

Detail on

the Group’s

principal risks

and previously

identified material

existing and

emerging risks

is available

in the

Barclays

PLC

Annual Report

2019 or

online at

home.barclays/annualreport.

Set out

below are

details of

an additional

material risk

identified in

Q120 which potentially impacts more than one principal risk.

Risks relating to the impact of COVID-19

The

COVID-19

pandemic

has

had,

and

continues

have,

material

impact

businesses

around

the

world

and

the

economic

environments

which

they

operate.

There

are

number

factors

associated

with

the

pandemic

and

its

impact

global

economies

that

could

have

material

adverse

effect

(among

other

things)

the

profitability,

capital

and

liquidity

financial

institutions such as Barclays.

The COVID-19

pandemic has caused

disruption to

the Group’s

customers, suppliers

and staff

globally.

A number

of jurisdictions in

which the Group operates

have implemented severe

restrictions on the movement

of their respective populations, with a

resultant

significant

impact

economic

activity

those

jurisdictions.

These

restrictions

are

being

determined

the

governments

individual

jurisdictions

(including

through

the

implementation

emergency

powers)

and

impacts

(including

the

timing

implementation and any subsequent lifting of restrictions) may vary

from jurisdiction to jurisdiction. It remains unclear how this will

evolve through

2020 and the

Group continues

to monitor

the situation

closely.

However,

despite the

COVID-19 contingency

plans

established

by the

Group,

its

ability

conduct

business may

adversely

affected

by disruptions

its infrastructure,

business

processes and

technology services,

resulting from

the unavailability

of staff

due to

illness or

the failure

of third

parties to

supply

services.

This

may

cause

significant

customer

detriment,

costs

reimburse

losses

incurred

the

Group’s

customers,

and

reputational damage.

In many of

the jurisdictions in

which the Group

operates, schemes

have been

initiated by central

banks and national

governments

to provide financial support

to parts of the

economy most impacted

by the COVID-19

pandemic. The details

of how these schemes

will operate, the impact on the Group’s

customers and therefore

the impact on the Group remain uncertain

at this stage. However,

certain actions (such as the introduction of mortgage payment holidays

or the cancellation of fees associated with certain products)

may negatively impact the effective

interest rate earned on

certain of the Group’s

portfolios and lower fee income

being earned on

certain

products.

Lower

interest

rates

globally

will

negatively

impact

net

interest

income

earned

certain

the

Group’s

portfolios.

Both

these

factors

may

turn

negatively

impact

the

Group’s

profitability.

Furthermore,

the

introduction

of,

and

participation

in,

central-bank

supported

loan

schemes

and

other

financing

schemes

introduced

result

the

COVID-19

pandemic may negatively impact the Group’s

RWAs, level of impairment and, in turn, capital position.

The

actions

taken

various

governments

and

central

banks,

particular

the

United

Kingdom

and

the

United

States,

may

indicate

view

the potential

severity

any

economic

downturn and

post

recovery

environment,

which

from

a commercial,

regulatory

and

risk

perspective

could

significantly

different

past

crises

and

persist

for

prolonged

period.

immediate

financial impact in the first

half of 2020 will

be higher expected credit

losses (“ECLs”) driven by

a change in the

economic scenarios

used

calculate

ECLs.

The

COVID-19

pandemic

has

led

weakening

gross

domestic

product

(“GDP”)

many

the

jurisdictions in

which the

Group operates

and higher

unemployment in

those same

jurisdictions. Accordingly,

the probability

of a

adverse

economic

scenario

for

least

the

short

term

substantially

higher

than

December

2019

and

GDP

and

unemployment are two of the factors that affect

the modelling of ECLs by the Group. The economic environment remains uncertain

and future

impairment charges

may be

subject to

further volatility

(including from

changes to

macroeconomic

variable forecasts)

depending on the longevity of

the COVID-19 pandemic and related

containment measures, as

well as the longer term

effectiveness

of central bank, government and other support measures. For

further details on macroeconomic variables used in the calculation of

ECLs,

refer

page 22.

addition,

ECLs

may

be adverse

ly impacted

by increased

levels

default

for

single name

exposures

certain

sectors

directly

impacted

the

COVID-19

pandemic

(such

the

oil

and

gas,

retail,

airline,

and

hospitality

and

leisure

sectors).

Furthermore, the Group relies

on models to support

a broad range

of business and risk management

activities, including informing

business

decisions

and

strategies,

measuring

and

limiting

risk,

valuing

exposures

(including

the

calculation

impairment),

conducting stress testing and

assessing capital

adequacy. Models

are, by their nature, imperfect

and incomplete representations

reality because

they rely

on assumptions

and inputs,

and so

they may

be subject

to errors

affecting the

accuracy of

their outputs

and/or misused. This may be exacerbated

when dealing with unprecedented scenarios,

such as the COVID-19 pandemic, due to

the

lack of

reliable historical

reference

points and

data. For

further details

on model

risk, refer

to page

98 of

the Barclays

PLC Annual

Report 2019 filed on Form 20-F.

Should the

COVID-19

pandemic continue

to cause

disruption to

economic

activity globally

through 2020,

there could

be adverse

impacts on

the Group’s

other assets

such as

goodwill and

intangibles, and

the value

of Barclays

PLC’s investment

in subsidiaries.

There

could

also

further

impacts

the

Group’s

income

due

lower

lending

and

transaction

volumes

due

volatility

weakness in

the capital

markets.

Other potential

risks include

credit rating

migration

which could

negatively

impact the

Group’s

RWAs

and

capital

position,

and

potential

liquidity

stress

due

(among

other

things)

increased

customer

drawdowns,

notwithstanding the

significant initiatives

that governments

and central

banks have

put in

place to

support funding

and liquidity.

Furthermore, a

significant increase

in the utilisation

of credit

cards by

Barclaycard

customers could

have a

negative impact

on the

Group’s RWAs

and capital position.

Risk Management

Barclays PLC

Central

bank,

government

actions

and

other

support

measures

taken

response

the

COVID-19

pandemic

may

also

create

restrictions in relation

to capital. For

example, on 31

March 2020 in response

to a request from

the PRA and to

preserve additional

capital

for

use in

serving Barclays’

customers

and clients,

the Board

agreed

cancel

the 6.0p

per ordinary

share full

year

2019

dividend that

was due

for payment

on 3

April 2020.

In addition,

the Board

decided that

for 2020

Barclays

PLC will

not undertake

any

interim

ordinary

dividend

payments,

accrual

ordinary

dividends,

buybacks.

Government

restrictions

may further limit management’s

flexibility in managing the business and

taking action in relation to

capital distributions and capital

allocation.

Any and all such

events mentioned above

could have a

material adverse

effect on the

Group’s business,

financial condition, results

of operations, prospects, liquidity,

capital position and credit ratings (including potential credit rating

agency changes of outlooks or

ratings), as well as on the Group’s

customers, employees

and suppliers.

Credit Risk

Barclays PLC

Loans and advances at amortised cost by stage

The

table

below

presents

analysis

loans

and

advances

amortised

cost

gross

exposure,

impairment

allowance,

impairment charge and coverage

ratio by stage allocation

and business segment as at 31 March 2020. Also

included are off-balance

sheet loan

commitments and

financial guarantee

contracts

by gross

exposure, impairment

allowance and

coverage

ratio by

stage

allocation as at 31 March 2020.

Impairment allowance

under IFRS

9 considers

both the

drawn

and the

undrawn counterparty

exposure.

For reta

il portfolios,

the

total impairment

allowance is

allocated to

the drawn

exposure to

the extent

that the

allowance does

not exceed

the exposure

ECL

not

reported

separately.

Any

excess

reported

the

liability

side

the

balance

sheet

provision.

For

wholesale

portfolios, the impairment allowance on the undrawn exposure is

reported on the liability side of the balance sheet as a provision.

Gross exposure

Impairment allowance

Net

exposure

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

As at 31.03.20

£m

Barclays UK

143,325

23,727

2,479

169,531

237

1,455

1,031

2,723

166,808

Barclays International

25,006

4,903

1,834

31,743

431

1,280

1,460

3,171

28,572

Head Office

4,836

514

845

6,195

321

378

5,817

Total Barclays Group retail

173,167

29,144

5,158

207,469

673

2,787

2,812

6,272

201,197

Barclays UK

28,413

2,223

1,061

31,697

118

197

31,500

Barclays International

127,536

10,276

2,090

139,902

152

497

784

1,433

138,469

Head Office

2,982

3,020

2,983

Total Barclays Group

wholesale

158,931

12,499

3,189

174,619

173

555

939

1,667

172,952

Total loans and advances at

amortised cost

332,098

41,643

8,347

382,088

846

3,342

3,751

7,939

374,149

Off-balance sheet loan

commitments and financial

guarantee contracts

311,218

19,335

1,056

331,609

104

234

385

331,224

Total

643,316

60,978

9,403

713,697

950

3,576

3,798

8,324

705,373

As at 31.03.20

Three months ended 31.03.20

Coverage ratio

Loan impairment charge and loan loss rate

Stage 1

Stage 2

Stage 3

Total

Loan impairment

charge

Loan loss rate

£m

bps

Barclays UK

0.2

6.1

41.6

1.6

419

Barclays International

1.7

26.1

79.6

10.0

892

1,130

Head Office

0.1

10.1

38.0

6.1

162

Total Barclays Group retail

0.4

9.6

54.5

3.0

1,336

259

Barclays UK

0.1

2.6

11.1

0.6

Barclays International

0.1

4.8

37.5

1.0

574

165

Head Office

97.4

1.2

Total Barclays Group

wholesale

0.1

4.4

29.4

1.0

618

142

Total loans and advances at

amortised cost

0.3

8.0

44.9

2.1

1,954

206

Off-balance sheet loan

commitments and financial

guarantee contracts

1.2

4.5

0.1

Other financial assets subject

to impairment

103

Total

0.1

5.9

40.4

1.2

2,115

Includes Wealth and Private Banking exposures

measured on an individual customer exposure

basis.

Excludes loan commitments and financial guarantees

of £14.2bn carried at fair value.

Other financial

assets subject

to impairment

not included

in the

table above

include cash

collateral and

settlement balances,

financial assets

at fair

value through

other

comprehensive

income

and

other

assets.

These

have

total

gross

exposure

£242.0bn

and

impairment

allowance

£127m.

This

comprises

£13m

impairment allowance

on £240.9bn

stage 1

assets, £3m

on £1.0bn

stage 2

fair value

through other

comprehensive

income assets,

cash collateral

and settlement

balances and £111m on £111m stage 3 other

assets.

Q120 loan impairment

charge represents

three months of

impairment charge, annualised

to calculate the

loan loss rate.

The loan loss

rate for Q120

is 223bps after

applying the total impairment charge of £2,115m.

Credit Risk

Barclays PLC

Gross exposure

Impairment allowance

Net

exposure

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

As at 31.12.19

£m

Barclays UK

143,097

23,198

2,446

168,741

198

1,277

974

2,449

166,292

Barclays International

27,886

4,026

1,875

33,787

352

774

1,359

2,485

31,302

Head Office

4,803

500

826

6,129

305

346

5,783

Total Barclays Group retail

175,786

27,724

5,147

208,657

555

2,087

2,638

5,280

203,377

Barclays UK

27,891

2,397

1,124

31,412

108

162

31,250

Barclays International

92,615

8,113

1,615

102,343

136

248

447

831

101,512

Head Office

2,974

3,011

2,976

Total Barclays Group

wholesale

123,480

10,510

2,776

136,766

152

286

590

1,028

135,738

Total loans and advances at

amortised cost

299,266

38,234

7,923

345,423

707

2,373

3,228

6,308

339,115

Off-balance sheet loan

commitments and financial

guarantee contracts

321,140

19,185

935

341,260

170

322

340,938

Total

620,406

57,419

8,858

686,683

804

2,543

3,283

6,630

680,053

As at 31.12.19

Year ended 31.12.19

Coverage ratio

Loan impairment charge and loan loss rate

Stage 1

Stage 2

Stage 3

Total

Loan impairment

charge

Loan loss rate

£m

bps

Barclays UK

0.1

5.5

39.8

1.5

661

Barclays International

1.3

19.2

72.5

7.4

999

296

Head Office

0.1

7.2

36.9

5.6

Total Barclays Group retail

0.3

7.5

51.3

2.5

1,687

Barclays UK

0.1

1.6

9.6

0.5

Barclays International

0.1

3.1

27.7

0.8

113

Head Office

94.6

1.2

Total Barclays Group

wholesale

0.1

2.7

21.3

0.8

146

Total loans and advances at

amortised cost

0.2

6.2

40.7

1.8

1,833

Off-balance sheet loan

commitments and financial

guarantee contracts

0.9

5.9

0.1

Other financial assets subject

to impairment

Total

0.1

4.4

37.1

1.0

1,912

Includes Wealth and Private Banking exposures

measured on an individual customer exposure

basis.

Excludes loan commitments and financial guarantees

of £17.7bn carried at fair value.

Other financial

assets subject

to impairment

not included

in the

table above

include cash

collateral and

settlement balances,

financial assets

at fair

value through

other comprehensive

income and

other assets.

These have

a total

gross exposure

of £149.3bn

and impairment

allowance

of £24m.

This comprises

£12m ECL

£148.5bn stage 1 assets,

£2m on £0.8bn stage

2 fair value through

other comprehensive income

assets, cash collateral

and settlement balances

and £10m on £10m

stage 3 other assets.

The loan loss rate is 55bps after applying the

total impairment charge of £1,912m.

Credit Risk

Barclays PLC

Loans and advances at amortised cost by product

The

table

below

presents

breakdown

loans

and

advances

amortised

cost

and

the

impairment

allowance

with

stage

allocation by asset classification.

Stage 2

As at 31.03.20

Stage 1

Not past

due

<=30 days

past due

>30 days

past due

Total

Stage 3

Total

Gross exposure

£m

Home loans

137,394

14,986

1,654

732

17,372

2,155

156,921

Credit cards, unsecured loans and other retail lending

41,973

10,877

489

448

11,814

3,402

57,189

Wholesale loans

152,731

11,168

588

701

12,457

2,790

167,978

Total

332,098

37,031

2,731

1,881

41,643

8,347

382,088

Impairment allowance

Home loans

358

463

Credit cards, unsecured loans and other retail lending

665

2,112

253

309

2,674

2,496

5,835

Wholesale loans

158

555

586

897

1,641

Total

846

2,717

287

338

3,342

3,751

7,939

Net exposure

Home loans

137,371

14,936

1,635

719

17,290

1,797

156,458

Credit cards, unsecured loans and other retail lending

41,308

8,765

236

139

9,140

906

51,354

Wholesale loans

152,573

10,613

573

685

11,871

1,893

166,337

Total

331,252

34,314

2,444

1,543

38,301

4,596

374,149

Coverage ratio

Home loans

0.3

1.1

1.8

0.5

16.6

0.3

Credit cards, unsecured loans and other retail lending

1.6

19.4

51.7

69.0

22.6

73.4

10.2

Wholesale loans

0.1

5.0

2.6

2.3

4.7

32.2

1.0

Total

0.3

7.3

10.5

18.0

8.0

44.9

2.1

As at 31.12.19

Gross exposure

£m

Home loans

135,713

14,733

1,585

725

17,043

2,155

154,911

Credit cards, unsecured loans and other retail lending

46,012

9,759

496

504

10,759

3,409

60,180

Wholesale loans

117,541

9,374

374

684

10,432

2,359

130,332

Total

299,266

33,866

2,455

1,913

38,234

7,923

345,423

Impairment allowance

Home loans

346

432

Credit cards, unsecured loans and other retail lending

542

1,597

159

251

2,007

2,335

4,884

Wholesale loans

143

284

302

547

992

Total

707

1,918

182

273

2,373

3,228

6,308

Net exposure

Home loans

135,691

14,696

1,571

712

16,979

1,809

154,479

Credit cards, unsecured loans and other retail lending

45,470

8,162

337

253

8,752

1,074

55,296

Wholesale loans

117,398

9,090

365

675

10,130

1,812

129,340

Total

298,559

31,948

2,273

1,640

35,861

4,695

339,115

Coverage ratio

Home loans

0.3

0.9

1.8

0.4

16.1

0.3

Credit cards, unsecured loans and other retail lending

1.2

16.4

32.1

49.8

18.7

68.5

8.1

Wholesale loans

0.1

3.0

2.4

1.3

2.9

23.2

0.8

Total

0.2

5.7

7.4

14.3

6.2

40.7

1.8

Gross

exposures

and related

impairment allowances

from

the COVID

-19 scenario

impairment charge

have

been allocated

across

stages for material portfolios, with the majority of the impact recognised in Stage

Credit Risk

Barclays PLC

Measurement uncertainty

Impact on impairment charge from COVID-19

Prior

the

COVID-19

pandemic

and

line

with

Barclays

established

processes,

the

Group

regenerated

its

Baseline

economic

scenario in January 2020 using

an external consensus

assembled from key

sources. In addition, two

adverse scenarios (Downside

and

Downside

and

two

favourable

scenarios

(Upside

and

Upside

were

derived

with

associated

probability

weights.

This

regeneration was subsequent to the scenarios and weightings used for

December 2019 reporting.

In subsequent

months, it

became

clear that

the external

consensus

taken

in January

would

not be

an accurate

reflection

the

economic circumstances as at 31 March 2020. Furthermore,

given the speed at which global forecasts deteriorated

during March, it

was

also

clear

that

effective

consensus

process

March

2020

would

not

achievable

given

the

lagging

nature

consensus

submissions.

result,

Barclays

has

generated

new

Baseline

scenario

(COVID-19

scenario)

that

reflects

the

most

recent

economic

forecasts

available

the

market

(combined

with

internal

assumptions)

and

the

significant

support

measures

taken

by Barclays,

central

banks and

governments

across the

Group’s

key

markets.

The scenario

assumes a

strong contraction

GDP

and

sharp

rise

unemployment

2020

across

both

the

and

US.

The

change

the

Baseline

scenario

required

recalibration of

probability weights.

The economic

environment remains

uncertain and future

impairment charges

may be

subject

further

volatility

(including

from

changes

macroeconomic

variable

forecasts)

depending

the

longevity

the

COVID-19

pandemic

and

containment

measures,

well

the

longer

term

effectiveness

central

bank,

government

and

other

support measures.

The

tables

below

show

the

key

macroeconomic

variables

used

the

COVID-19

Baseline

scenario

and

the

probability

weights

applied to each respective scenario.

Baseline average macroeconomic

variables used in the calculation of ECL

2020

2021

Expected Worst Point

As at 31.03.20

UK GDP

(8.0)

6.3

(51.5)

UK unemployment

6.7

4.5

8.0

UK HPI

(3.5)

2.6

(6.5)

UK bank rate

0.10

0.30

0.10

US GDP

(6.4)

4.4

(45.0)

US unemployment

12.9

7.5

17.0

US HPI

0.7

(0.3)

US federal funds rate

0.25

Scenario probability weighting

Upside 2

Upside 1

Baseline

Downside 1

Downside 2

As at 31.03.20

Scenario probability weighting

5.0

20.8

46.7

21.0

6.5

As at 31.12.19

Scenario probability weighting

10.1

23.1

40.8

22.7

3.3

Based on Barclays Global Economic Forecasts;

Expected worst point using Seasonally Adjusted

Annual Rate, SAAR.

Average UK unemployment rate 16-year+.

Average QoQ UK HPI = Halifax All Houses,

All Buyers Index cumulative growth (drawdown)

from Q4 2019.

Average US civilian unemployment rate

16-year+.

Average QoQ US HPI = FHFA

house price index cumulative growth (drawdown)

from Q4 2019.

Credit Risk

Barclays PLC

The following

table provides

a breakdown

of the

key

drivers of

the Group’s

loan impairment

charge on

a pre

and post

COVID-19

adjusted basis.

Drivers of loan impairment charge

Three months ended 31.03.20

£m

Impairment charge generated using scenarios before COVID-19

370

Single name wholesale loan charges

405

Loan impairment charge prior to impact of COVID-19 scenario

775

Impact of COVID-19 scenario and weights

1,190

Specific charge for the probability of a sustained period of low oil prices

300

Incorporation of provision for UK economic uncertainty

(150)

Total loan impairment charge

2,115

The

impact

the

COVID-19

scenario

and

weighting

adjustments

has

resulted

£1,190m

increase

ECL

from

the

scenario

regenerated

January,

primarily

driven

the

higher

probability

default

credit

cards,

unsecured

loans

and

other

retail

lending.

These

drivers

are

partially

offset

the

impact

central

bank,

government

and

other

support

measures

which

are

assumed

mitigate

material

portion

future

losses

reflecting

both

the

likely

take-up

and

success

these

schemes.

additional specific charge of £300m has been applied to reflect the probability

of a sustained period of low oil prices and the impact

this could have

on the probability

of default

of certain

wholesale loans, which

is not otherwise

reflected in

the impairment

model

outputs. The £150m provision for UK economic uncertainty held at year end has been incorporated

within the updated scenario.

Treasury and Capital Risk

Barclays PLC

Composition of the Group liquidity pool

As at 31.03.20

As at 31.12.19

Liquidity pool

Liquidity pool of which CRR LCR eligible

Liquidity pool

Cash

Level 1

Level 2A

£bn

Cash and deposits with central banks

157

154

153

Government bonds

AAA to AA-

A+ to A-

BBB+ to BBB-

Total government bonds

Other

Government guaranteed issuers, PSEs and GSEs

International organisations and MDBs

Covered bonds

Total other

Total as at 31 March 2020

237

154

211

Total as at 31 December 2019

211

150

Includes cash held

at central banks

and surplus cash

at central banks

related to payment

schemes. Over 98%

(December 2019: over

98%) was placed

with the Bank

of England, US Federal Reserve, European

Central Bank, Bank of Japan and Swiss National Bank.

Of which over 82% (December 2019: over 67%) comprised

UK, US, French, German, Swiss, Japan

and Dutch securities.

The LCR

eligible liquidity

pool is

adjusted

for trapped

liquidity and

other regulatory

deductions. It

also incorporates

other CRR

(as amended

by CRR

II) qualifying

assets that are not eligible under Barclays’ internal risk

appetite.

The Group liquidity pool increased to

£237bn as at 31 March 2020

(December 2019: £211bn) driven by deposit growth

net of client

and

business

funding

requirements,

and

reflects

actions

maintain

prudent

funding

and

liquidity

position

the

current

environment.

The

liquidity

pool

held

unencumbered

and

not

used

support

payment

clearing

requirements.

Such

requirements

are

treated

part

our

regular

business

funding.

The

liquidity

pool

intended

offset

stress

outflows,

and

comprises the above cash and unencumbered assets.

The composition of the

pool is subject to

limits set by the

independent Risk function, and

is monitored for

concentration by issuer,

currency

and

asset

type.

Given

returns

generated

these

highly

liquidity

assets,

the

risk

and

reward

profile

continuously

managed.

Treasury and Capital Risk

Barclays PLC

Capital

The Group’s

Overall Capital Requirement

for CET1 is

11.5% comprising a 4.5% Pillar 1

minimum, a 2.5% Capital Conservation

Buffer

(CCB),

1.5%

Global

Systemically

Important

Institution

(G-SII)

buffer,

3.0%

Pillar

requirement

and

0.0%

Countercyclical

Capital Buffer (CCyB).

The Group’s CCyB

is based on the buffer

rate applicable for

each jurisdiction in which the Group

has exposures. On 11 March

2020,

the

Financial

Policy

Committee

set

the

CCyB

rate

for

exposures

with

immediate

effect.

The

buffer

rates

set

other

national authorities for non-UK exposures are not currently material.

Overall, this results in a 0.0% CCyB for the Group.

The Group’s Pillar 2A requirement

as per the PRA’s Individual Capital

Requirement is 5.3% of which at least 56.25% needs to

be met

with CET1

capital,

equating to

approximately

3.0%

RWAs.

Certain elements

the Pillar

requirement

are

a fixed

quantum

whilst others are a proportion of

RWAs, based on a point

in time assessment. The Pillar 2A requirement

is subject to at least annual

review.

On 27 June 2019, CRR II came into force

amending CRR. As an amending regulation, the existing provisions

of CRR apply unless they

are amended by CRR II.

Certain

aspects

CRR

II are

dependent on

final

technical

standards

be issued

the European

Banking Authority

(EBA)

and

adopted by

the European

Commission as

well as

UK implementation

of the

rules. The disclosures

in the

following

section reflect

Barclays’ interpretation of the current rules

and guidance.

Treasury and Capital Risk

Barclays PLC

Capital ratios

1,2,3

As at

31.03.20

31.12.19

CET1

13.1%

13.8%

Tier 1 (T1)

16.6%

17.7%

Total regulatory capital

20.4%

21.6%

Capital resources

£m

Total equity excluding non-controlling interests

per the balance sheet

68,369

64,429

Less: other equity instruments (recognised as AT1 capital)

(10,871)

Adjustment to retained earnings for foreseeable dividends

(49)

(1,096)

Other regulatory adjustments and deductions

Additional value adjustments (PVA)

(1,847)

(1,746)

Goodwill and intangible assets

(8,197)

(8,109)

Deferred tax assets that rely on future profitability excluding temporary differences

(294)

(479)

Fair value reserves related to gains or losses on cash flow hedges

(1,709)

(1,002)

Gains or losses on liabilities at fair value resulting from own credit

(389)

260

Defined benefit pension fund assets

(3,603)

(1,594)

Direct and indirect holdings by an institution of own CET1 instruments

(50)

Adjustment under IFRS 9 transitional arrangements

1,215

1,126

Other regulatory adjustments

(57)

(55)

CET1 capital

42,518

40,813

AT1 capital

Capital instruments and related share premium accounts

10,871

Qualifying AT1 capital (including minority interests) issued by subsidiaries

753

687

Other regulatory adjustments and deductions

(130)

AT1 capital

11,494

11,428

T1 capital

54,012

52,241

T2 capital

Capital instruments and related share premium accounts

8,423

7,650

Qualifying T2 capital (including minority interests) issued by subsidiaries

4,013

3,984

Credit risk adjustments (excess of impairment over expected losses)

196

Other regulatory adjustments and deductions

(250)

Total regulatory capital

66,394

63,641

Total RWAs

325,631

295,131

CET1, T1 and T2

capital, and RWAs

are calculated applying

the transitional arrangements

of the CRR as

amended by CRR

II applicable as

at the reporting

date.

This

includes IFRS 9 transitional arrangements and

the grandfathering of CRR and CRR II non-compliant

capital instruments.

The fully loaded

CET1 ratio, as

is relevant for

assessing against the

conversion trigger

in Barclays PLC

AT1 securities,

was 12.7%, with

£41,303m of CET1 capital

and

£325,536m of RWAs calculated without

applying the transitional arrangements of the CRR

as amended by CRR II applicable as at the reporting

date.

The

Barclays

PLC

CET1

ratio,

relevant

for

assessing

against

the

conversion

trigger

Barclays

Bank

PLC

Contingent

Capital

Notes,

was

13.1%.

For

this

calculation CET1 capital

and RWAs are

calculated applying the transitional

arrangements under the

CRR, including the IFRS

9 transitional arrangements.

The benefit

of the

Financial Services

Authority (FSA)

October 2012

interpretation

of the

transitional provisions,

relating to

the implementation

of CRD

IV,

expired in

December

2017.

Treasury and Capital Risk

Barclays PLC

Movement in CET1 capital

Three months

ended

31.03.20

£m

Opening CET1 capital

40,813

Profit for the period attributable to equity holders

826

Own credit relating to derivative liabilities

(169)

Dividends paid and foreseen

826

Increase in retained regulatory capital generated from earnings

1,483

Net impact of share schemes

(56)

Fair value through other comprehensive income reserve

(777)

Currency translation reserve

997

Other reserves

(6)

Increase in other qualifying reserves

158

Pension remeasurements within reserves

1,990

Defined benefit pension fund asset deduction

(2,009)

Net impact of pensions

(19)

Additional value adjustments (PVA)

(101)

Goodwill and intangible assets

(88)

Deferred tax assets that rely on future profitability excluding those arising from temporary differences

185

Adjustment under IFRS 9 transitional arrangements

Other regulatory adjustments

(2)

Increase in regulatory capital due to adjustments and deductions

Closing CET1 capital

42,518

£1.0bn following the cancellation of the full year

2019 dividend offset by £0.2bn AT1

coupon payments.

Treasury and Capital Risk

Barclays PLC

RWAs by risk type and business

Credit risk

Counterparty credit risk

Market risk

Operational

risk

Total

RWAs

Std

IRB

Std

IRB

Settlement

risk

CVA

Std

IMA

As at 31.03.20

£m

Barclays UK

5,835

59,451

311

202

11,851

77,678

Corporate and Investment Bank

30,620

71,993

15,611

19,756

1,022

3,309

14,036

24,010

21,390

201,747

Consumer, Cards and Payments

25,205

3,085

132

151

7,536

36,161

Barclays International

55,825

75,078

15,743

19,787

1,022

3,330

14,036

24,161

28,926

237,908

Head Office

3,706

6,212

127

10,045

Barclays Group

65,366

140,741

16,054

19,787

1,022

3,358

14,238

24,161

40,904

325,631

As at 31.12.19

Barclays UK

5,189

57,455

235

178

11,821

74,901

Corporate and Investment Bank

25,749

62,177

12,051

16,875

276

2,470

12,854

17,626

21,475

171,553

Consumer, Cards and Payments

27,209

2,706

103

7,532

37,690

Barclays International

52,958

64,883

12,143

16,912

276

2,481

12,854

17,729

29,007

209,243

Head Office

5,104

5,754

129

10,987

Barclays Group

63,251

128,092

12,378

16,912

276

2,504

13,032

17,729

40,957

295,131

Movement analysis of RWAs

Credit risk

Counterparty

credit risk

Market risk

Operational risk

Total RWAs

£m

Opening RWAs (as at 31.12.19)

191,343

32,070

30,761

40,957

295,131

Book size

7,205

8,300

9,977

(53)

25,429

Acquisitions and disposals

(33)

Book quality

1,511

(404)

1,107

Model updates

887

Methodology and policy

1,166

255

(2,339)

(918)

Foreign exchange movements

4,028

Closing RWAs (as at 31.03.20)

206,107

40,221

38,399

40,904

325,631

Foreign exchange movements does

not include foreign exchange for

counterparty credit risk or market

risk.

RWAs increased £30.5bn to £325.6bn:

●

Book size

increased RWAs

£25.4bn primarily

due to

an increase

in client

activity compared

year-end

2019, including

drawdowns on facilities and higher market volatility

●

Book quality increased RWAs £1.1bn primarily due to changes in model calibration

●

Foreign exchange movements increased RWAs

£4.0bn due to the appreciation of period end USD against GBP

Treasury and Capital Risk

Barclays PLC

Leverage ratio and exposures

The

Group

subject

leverage

ratio

requirement

3.8%

March

2020.

This

comprises

the

3.25%

minimum

requirement,

G-SII

additional

leverage

ratio

buffer

(G-SII

ALRB)

0.53%

and

countercyclical

leverage

ratio

buffer

(CCLB)

0.0%.

Although the

leverage

ratio

expressed

terms

capital,

75%

the

minimum

requirement,

equating

2.4375%,

needs

be met

with

CET1

capital.

addition,

the

G-SII

ALRB

must

be covered

solely

with

CET1

capital.

The

CET1

capital

held

against the 0.53% G-SII ALRB was £6.2bn.

The

Group

required

disclose

average

leverage

ratio

which

based

capital

the

last

day

each

month

the

quarter and an

exposure measure

for each

day in

the quarter.

The Group

is also required

to disclose a

UK leverage

ratio based

capital and exposure

on the last

day of the

quarter.

Both approaches exclude

qualifying claims on

central banks from

the leverage

exposures.

Leverage ratios

1,2

As at

31.03.20

As at

31.12.19

£m

Average UK leverage ratio

4.5%

Average T1 capital

53,274

51,823

Average UK leverage exposure

1,176,198

1,142,819

UK leverage ratio

4.5%

5.1%

CET1 capital

42,518

40,812

AT1 capital

10,741

T1 capital

53,259

51,553

UK leverage exposure

1,178,708

1,007,721

UK leverage exposure

Accounting assets

Derivative financial instruments

342,120

229,236

Derivative cash collateral

85,321

56,589

Securities financing transactions (SFTs)

185,725

111,307

Loans and advances and other assets

831,130

743,097

Total IFRS assets

1,444,296

1,140,229

Regulatory consolidation adjustments

(4,841)

(1,170)

Derivatives adjustments

Derivatives netting

(309,585)

(207,756)

Adjustments to cash collateral

(70,758)

(48,464)

Net written credit protection

19,994

13,784

Potential future exposure (PFE) on derivatives

126,503

119,118

Total derivatives adjustments

(233,846)

(123,318)

SFTs adjustments

34,271

18,339

Regulatory deductions and other adjustments

(14,615)

(11,984)

Weighted off-balance sheet commitments

102,499

105,289

Qualifying central bank claims

(149,056)

(119,664)

UK leverage exposure

1,178,708

1,007,721

Fully loaded

average UK

leverage ratio

was 4.4%,

with £52.3bn

of T1

capital and

£1,175bn of

leverage exposure.

Fully

loaded UK

leverage ratio

was 4.4%,

with

£52.0bn of T1

capital and £1,177bn

of leverage

exposure.

Fully loaded UK

leverage ratios are

calculated without applying

the transitional arrangements

of the CRR

as amended by CRR II applicable as at the reporting date.

Capital and leverage measures are calculated

applying the transitional arrangements of the CRR as

amended by CRR II applicable as at the reporting date

T1 capital is calculated in line with the PRA

Handbook.

Treasury and Capital Risk

Barclays PLC

The average

UK leverage

ratio

remained

stable

at 4.5%

(December 2019:

4.5%). The

average

UK leverage

exposure

increased by

£33bn to £1,176bn

primarily driven by SFTs

and loans and advances

and other assets, partially offset

by an increase in T1

capital of

£1.5bn to £53.3bn, mainly driven by the cancellation of the full year 2019 dividend.

The

leverage

ratio

decreased

4.5%

(December

2019:

5.1%)

driven

increase

leverage

exposure

£171bn

£1,179bn partially offset by an increase in T1 capital. The UK leverage exposure

movements included:

●

SFTs increased £90.4bn to £220.0bn primarily due to increased client

activity

●

Loans

and

advances

and

other

assets

increased

£88.0bn

£831.1bn,

including

£42.1bn

increase

settlements

balances and £35.0bn increase in loans and advances due to increased lending

The

Group

also

discloses

CRR

leverage

ratio

within

its

additional

regulatory

disclosures

prepared

accordance

with

EBA

guidelines on disclosure under Part Eight of

the CRR (see Barclays PLC Pillar

3 Report Q1 2020, due to be published on 29

April 2020

and which will be available at home.barclays/investor

-relations/reports-and-events/latest-financial-results).

CRR leverage ratio as amended by CRR II applicable as

at the reporting date.

Treasury and Capital Risk

Barclays PLC

MREL

CRR II

requirements relating

to own

funds and

eligible liabilities

came into

effect

from 27

June 2019.

Eligible liabilities

have been

calculated reflecting

the Group’s

interpretation of

the current rules

and guidance. Certain

aspects of CRR

II are dependent

on final

technical standards to be issued by the EBA and adopted by the European Commission as well as UK

implementation of the rules.

The Group

is required

to meet

the higher

of: (i)

the MREL

set by

the Bank

of England;

and (ii)

the requirements

in CRR

II, both

which have RWA

and leverage

based requirements.

MREL is subject

to phased implementation

and will be

fully implemented

by 1

January

2022,

which

time

the

Group’s

indicative

MREL

expected

two

times

the

sum

its

Pillar

and

Pillar

requirements,

set

the

Bank

England.

addition,

CET1

capital

cannot

counted

towards

both

MREL

and

the

capital

buffers, meaning that the buffers

will effectively be applied above both the Pillar 1 and Pillar 2A requirements

relating to own funds

and eligible liabilities. The Bank of England will review

the MREL calibration by the end of

2020, including assessing the proposal for

Pillar 2A recapitalisation, which may drive a different

1 January 2022 MREL than currently proposed.

Own funds and eligible liabilities ratios

As at

31.03.20

As at

31.12.19

CET1 capital

13.1%

13.8%

AT1 capital instruments and related share premium accounts

3.3%

3.6%

T2 capital instruments and related share premium accounts

2.6%

2.5%

Eligible liabilities

10.3%

11.2%

Total Barclays PLC

(the Parent company) own funds and eligible liabilities

29.3%

31.2%

Qualifying AT1 capital (including minority interests) issued by subsidiaries

0.2%

Qualifying T2 capital (including minority interests) issued by subsidiaries

1.2%

1.3%

Total own funds and eligible liabilities, including eligible Barclays Bank PLC instruments

30.7%

32.8%

Own funds and eligible liabilities

£m

CET1 capital

42,518

40,813

AT1 capital instruments and related share premium accounts

10,741

T2 capital instruments and related share premium accounts

8,369

7,416

Eligible liabilities

33,674

33,025

Total Barclays PLC

(the Parent company) own funds and eligible liabilities

95,302

91,995

Qualifying AT1 capital (including minority interests) issued by subsidiaries

753

687

Qualifying T2 capital (including minority interests) issued by subsidiaries

4,013

3,984

Total own funds and eligible liabilities, including eligible Barclays Bank PLC instruments

100,068

96,666

Total RWAs

325,631

295,131

CET1, T1 and T2

capital, and RWAs

are calculated applying

the transitional arrangements

of the CRR as

amended by CRR

II applicable as

at the reporting

date. This

includes IFRS 9 transitional arrangements and

the grandfathering of CRR and CRR II non-compliant

capital instruments.

Includes other AT1

capital regulatory adjustments

and deductions of £130m

(December 2019: £130m),

and other T2 credit

risk adjustments and

deductions of £54m

(December 2019: £234m).

Condensed Consolidated Financial Statements

Barclays PLC

Condensed consolidated income statement

Three months

ended

Three months

ended

31.03.20

31.03.19

£m

Total income

6,283

5,252

Credit impairment charges

(2,115)

(448)

Net operating income

4,168

4,804

Operating expenses excluding litigation and conduct

(3,253)

(3,257)

Litigation and conduct

(10)

(61)

Operating expenses

(3,263)

(3,318)

Other net income/(expenses)

(3)

Profit before tax

913

1,483

Tax charge

(71)

(248)

Profit after tax

842

1,235

Attributable to:

Equity holders of the parent

605

1,038

Other equity instrument holders

221

180

Total equity holders of the parent

826

1,218

Non-controlling interests

Profit after tax

842

1,235

Earnings per share

Basic earnings per ordinary share

3.5

6.1

Condensed Consolidated Financial Statements

Barclays PLC

Condensed consolidated balance sheet

As at

31.03.20

31.12.19

Assets

£m

Cash and balances at central banks

151,805

150,258

Cash collateral and settlement balances

157,162

83,256

Loans and advances at amortised cost

374,149

339,115

Reverse repurchase agreements and other similar secured lending

15,384

3,379

Trading portfolio assets

102,000

114,195

Financial assets at fair value through the income statement

193,107

133,086

Derivative financial instruments

342,120

229,236

Financial assets at fair value through other comprehensive income

83,367

65,750

Investments in associates and joint ventures

739

721

Goodwill and intangible assets

8,209

8,119

Current tax assets

510

412

Deferred tax assets

2,713

3,290

Other assets

13,031

9,412

Total assets

1,444,296

1,140,229

Liabilities

Deposits at amortised cost

470,698

415,787

Cash collateral and settlement balances

127,052

67,341

Repurchase agreements and other similar secured borrowing

35,958

14,517

Debt securities in issue

87,961

76,369

Subordinated liabilities

19,595

18,156

Trading portfolio liabilities

54,125

36,916

Financial liabilities designated at fair value

227,632

204,326

Derivative financial instruments

338,982

229,204

Current tax liabilities

294

313

Deferred tax liabilities

516

Other liabilities

11,883

11,617

Total liabilities

1,374,696

1,074,569

Equity

Called up share capital and share premium

4,607

4,594

Other reserves

6,166

4,760

Retained earnings

46,725

44,204

Shareholders' equity attributable to ordinary shareholders of the parent

57,498

53,558

Other equity instruments

10,871

Total equity excluding non-controlling interests

68,369

64,429

Non-controlling interests

1,231

Total equity

69,600

65,660

Total liabilities and equity

1,444,296

1,140,229

Condensed Consolidated Financial Statements

Barclays PLC

Condensed consolidated statement of changes in equity

Called up

capital and

premium

Other equity

instruments

Other

reserves

Retained

earnings

Total

Non-

controlling

interests

Total

equity

Three months ended 31.03.20

£m

Balance as at 1 January 2020

4,594

10,871

4,760

44,204

64,429

1,231

65,660

Profit after tax

221

605

826

842

Retirement benefit remeasurements

1,990

Other

1,407

(7)

1,400

Total comprehensive income for the period

221

1,407

2,588

4,216

4,232

Issue of shares under employee share schemes

252

265

Other equity instruments coupons paid

(221)

Vesting of shares under employee share schemes

(1)

(320)

(321)

Dividends paid

(16)

Other movements

Balance as at 31 March 2020

4,607

10,871

6,166

46,725

68,369

1,231

69,600

As at

31.03.20

31.12.19

Other reserves

£m

Currency translation reserve

4,341

3,344

Fair value through other comprehensive income reserve

(964)

(187)

Cash flow hedging reserve

1,709

1,002

Own credit reserve

107

(373)

Other reserves and treasury shares

973

974

Total

6,166

4,760

Appendix: Non-IFRS Performance Measures

Barclays PLC

The

Group’s

management

believes

that

the

non-IFRS

performance

measures

included

this

document

provide

valuable

information to

the readers of

the financial statements

as they enable

the reader to

identify a more

consistent basis

for comparing

the businesses’

performance between

financial periods,

and provide

more detail

concerning the

elements of

performance which

the managers

these businesses

are

most

directly

able to

influence or

are

relevant

for

an assessment

the Group.

They also

reflect an important aspect of the way in which operating targets

are defined and performance is monitored by management.

However,

any

non-IFRS

performance

measures

this

document

are

not

substitute

for

IFRS

measures

and

readers

should

consider the IFRS measures as well.

Non-IFRS performance

measures glossary

Measure

Definition

Loan: deposit ratio

Loans and advances at amortised cost divided by deposits at amortised cost.

Period end allocated

tangible equity

Allocated

tangible

equity is

calculated

as 13.5%

(2019: 13.0%)

RWAs

for

each business,

adjusted

for capital deductions, excluding goodwill

and intangible assets, reflecting the assumptions the Group

uses for

capital

planning

purposes. Head

Office

allocated

tangible

equity

represents

the

difference

between the Group’s tangible shareholders’

equity and the amounts allocated to businesses.

Average tangible

shareholders’ equity

Calculated

the

average

the

month’s

period

end

tangible

equity

and

the

current

month’s

period end

tangible equity.

The average

tangible shareholders’

equity for

the period

is the

average of the monthly averages

within that period.

Average allocated

tangible equity

Calculated

the

average

the

month’s

period

end

allocated

tangible

equity

and

the

current month’s

period end

allocated

tangible equity.

The average

allocated

tangible equity

for

the

period is the average of the monthly averages within that

period.

Return on average

tangible shareholders’

equity

Annualised profit

after tax

attributable

to ordinary

equity holders

of the

parent,

as a

proportion

average

shareholders’

equity

excluding

non-controlling

interests

and

other

equity

instruments

adjusted for the deduction of

intangible assets and goodwill. The

components of the calculation have

been included on page 36.

Return on average

allocated tangible equity

Annualised profit

after

tax

attributable

ordinary equity

holders

the parent,

as a

proportion

average allocated tangible equity.

The components of the calculation have been included on page 36.

Cost: income ratio

Total operating

expenses divided by total income.

Loan loss rate

Quoted

basis

points

and

represents

total

annualised

impairment

charges

divided

gross

loans

and advances

held at

amortised cost

at the

balance sheet

date.

The components

of the

calculation

have been included on page 19.

Net interest margin

Annualised net

interest

income divided

by the

sum of

average

customer assets.

The components

the calculation have been included on page 16.

Tangible net asset value

per share

Calculated

dividing

shareholders’

equity,

excluding

non-controlling

interests

and

other

equity

instruments,

less

goodwill

and

intangible

assets,

the

number

issued

ordinary

shares.

The

components of the calculation have been included on page 42.

Performance measures

excluding litigation and

conduct

Calculated by excluding litigation

and conduct charges from performance

measures. The components

of the calculations have been included on pages 37 to 42.

Appendix: Non-IFRS Performance Measures

Barclays PLC

Returns

Return

average

tangible

equity

calculated

profit

after

tax

attributable

ordinary

equity

holders

the

parent

proportion of average tangible equity,

excluding non-controlling and other equity interests

for businesses. Allocated tangible equity

has

been

calculated

13.5%

(2019:

13.0%)

RWAs

for

each

business, adjusted

for

capital

deductions,

excluding

goodwill

and

intangible assets,

reflecting the

assumptions the

Group uses

for capital

planning purposes. Head

Office average

allocated tangible

equity

represents

the

difference

between

the

Group’s

average

tangible

shareholders’

equity

and

the

amounts

allocated

businesses.

Profit/(loss)

attributable to

ordinary equity

holders of the

parent

Average

tangible equity

Return on

average

tangible equity

Three months ended 31.03.20

£m

£bn

Barclays UK

175

10.5

6.7

Corporate and Investment Bank

820

27.2

12.1

Consumer, Cards and Payments

(291)

5.1

(22.6)

Barclays International

529

32.3

6.5

Head Office

(99)

4.2

n/m

Barclays Group

605

47.0

5.1

Three months ended 31.03.19

Barclays UK

422

10.4

16.3

Corporate and Investment Bank

582

25.1

9.3

Consumer, Cards and Payments

206

5.4

15.4

Barclays International

788

30.5

10.4

Head Office

(172)

4.3

n/m

Barclays Group

1,038

45.2

9.2

Appendix: Non-IFRS Performance Measures

Barclays PLC

Performance measures excluding litigation

and conduct

Barclays Group

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Cost: income ratio

£m

Total operating expenses

(3,263)

(3,701)

(4,861)

(3,554)

(3,318)

(4,093)

(3,434)

(3,391)

Impact of litigation and conduct

167

1,568

105

Operating expenses

(3,253)

(3,534)

(3,293)

(3,501)

(3,257)

(4,033)

(3,329)

(3,310)

Total income

6,283

5,301

5,541

5,538

5,252

5,073

5,129

5,576

Cost: income ratio excluding litigation and

conduct

52%

67%

59%

63%

62%

79%

65%

59%

Profit before tax

913

1,097

246

1,531

1,483

374

1,461

1,895

Impact of litigation and conduct

167

1,568

105

Profit before tax excluding litigation and conduct

923

1,264

1,814

1,584

1,544

434

1,566

1,976

Profit attributable to ordinary equity holders of

the parent

Attributable profit/(loss)

605

681

(292)

1,034

1,038

(14)

1,050

1,279

Post-tax impact of litigation and conduct

(1)

122

1,525

Profit attributable to ordinary equity holders of

the parent excluding litigation and conduct

604

803

1,233

1,074

1,084

1,135

1,338

Return on average tangible shareholders' equity

£bn

Average shareholders' equity

55.2

54.5

56.4

54.0

53.2

52.2

52.5

51.3

Average goodwill and intangibles

(8.2)

(8.1)

(8.0)

(7.8)

(8.0)

(7.9)

(7.8)

Average tangible shareholders' equity

47.0

46.4

48.4

46.2

45.2

44.3

44.6

43.5

Return on average tangible shareholders' equity

excluding litigation and conduct

5.1%

6.9%

10.2%

9.3%

9.6%

0.4%

10.2%

12.3%

Basic earnings per ordinary share

Basic weighted average number of shares (m)

17,278

17,200

17,192

17,178

17,111

17,075

17,074

17,067

Basic earnings per ordinary share excluding

litigation and conduct

3.5p

4.7p

7.2p

6.3p

0.3p

6.6p

7.8p

Appendix: Non-IFRS Performance Measures

Barclays PLC

Barclays UK

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Cost: income ratio

£m

Total operating expenses

(1,028)

(1,122)

(2,432)

(1,063)

(1,002)

(1,175)

(1,042)

(971)

Impact of litigation and conduct

1,480

Operating expenses

(1,023)

(1,064)

(952)

(1,022)

(999)

(1,160)

(988)

(968)

Total income

1,704

1,959

1,846

1,771

1,777

1,863

1,896

1,836

Cost: income ratio excluding litigation and

conduct

60%

54%

52%

58%

56%

62%

52%

53%

Profit before tax

Profit/(loss) before tax

195

647

(687)

477

585

390

740

656

Impact of litigation and conduct

1,480

Profit before tax excluding litigation and conduct

200

705

793

518

588

405

794

659

Profit attributable to ordinary equity holders of

the parent

Attributable profit/(loss)

175

438

(907)

328

422

241

510

473

Post-tax impact of litigation and conduct

1,457

Profit attributable to ordinary equity holders of

the parent excluding litigation and conduct

178

481

550

358

424

253

558

474

Return on average allocated tangible equity

£bn

Average allocated equity

14.1

13.8

13.9

13.8

13.9

13.6

13.7

13.6

Average goodwill and intangibles

(3.6)

(3.5)

(3.6)

(3.5)

Average allocated tangible equity

10.5

10.3

10.4

10.3

10.4

10.1

Return on average allocated tangible equity

excluding litigation and conduct

6.8%

18.7%

21.2%

13.9%

16.4%

10.1%

22.0%

18.8%

Appendix: Non-IFRS Performance Measures

Barclays PLC

Barclays International

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Cost: income ratio

£m

Total operating expenses

(2,219)

(2,500)

(2,282)

(2,446)

(2,225)

(2,684)

(2,309)

(2,353)

Impact of litigation and conduct

Operating expenses

(2,219)

(2,414)

(2,282)

(2,435)

(2,206)

(2,651)

(2,277)

(2,306)

Total income

4,644

3,452

3,750

3,903

3,570

3,221

3,290

3,707

Cost: income ratio excluding litigation and

conduct

48%

70%

61%

62%

82%

69%

62%

Profit before tax

822

640

1,137

1,223

1,118

215

850

1,297

Impact of litigation and conduct

Profit before tax excluding litigation and conduct

822

726

1,137

1,234

1,137

248

882

1,344

Profit attributable to ordinary equity holders of

the parent

Attributable profit/(loss)

529

397

799

832

788

(21)

687

926

Post-tax impact of litigation and conduct

Profit attributable to ordinary equity holders of

the parent excluding litigation and conduct

529

461

801

840

804

713

960

Return on average allocated tangible equity

£bn

Average allocated equity

33.0

31.9

33.3

32.1

31.6

32.4

32.5

32.8

Average goodwill and intangibles

(0.7)

(1.0)

(1.1)

(1.0)

(1.1)

(1.3)

(1.4)

Average allocated tangible equity

32.3

30.9

32.2

31.1

30.5

31.3

31.1

31.4

Return on average allocated tangible equity

excluding litigation and conduct

6.5%

6.0%

10.0%

10.8%

10.6%

0.2%

9.2%

12.2%

Appendix: Non-IFRS Performance Measures

Barclays PLC

Corporate and Investment

Bank

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Cost: income ratio

£m

Total operating expenses

(1,690)

(1,926)

(1,716)

(1,867)

(1,638)

(2,046)

(1,744)

(1,773)

Impact of litigation and conduct

Operating expenses

(1,690)

(1,847)

(1,712)

(1,860)

(1,619)

(2,023)

(1,712)

(1,773)

Total income

3,617

2,314

2,617

2,795

2,505

2,151

2,235

2,580

Cost: income ratio excluding litigation and

conduct

47%

80%

65%

67%

65%

94%

77%

69%

Profit before tax

1,203

359

882

887

827

498

835

Impact of litigation and conduct

Profit before tax excluding litigation and conduct

1,203

438

886

894

846

108

530

835

Profit attributable to ordinary equity holders of

the parent

Attributable profit/(loss)

820

193

609

596

582

(84)

431

600

Post-tax impact of litigation and conduct

Profit/(loss) attributable to ordinary equity

holders of the parent excluding litigation and

conduct

820

251

614

601

598

(57)

456

600

Return on average allocated tangible equity

£bn

Average allocated equity

27.2

25.9

26.9

25.8

25.2

26.0

26.2

26.7

Average goodwill and intangibles

(0.1)

(0.2)

(0.3)

Average allocated tangible equity

27.2

25.8

26.9

25.8

25.1

26.0

25.9

26.4

Return on average allocated tangible equity

excluding litigation and conduct

12.1%

3.9%

9.2%

9.3%

9.5%

(0.9%)

7.0%

9.1%

Appendix: Non-IFRS Performance Measures

Barclays PLC

Consumer,

Cards and Payments

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Cost: income ratio

£m

Total operating expenses

(529)

(574)

(566)

(579)

(587)

(638)

(565)

(580)

Impact of litigation and conduct

(4)

Operating expenses

(529)

(567)

(570)

(575)

(587)

(628)

(565)

(533)

Total income

1,027

1,138

1,133

1,108

1,065

1,070

1,055

1,127

Cost: income ratio excluding litigation and

conduct

52%

50%

52%

55%

59%

54%

47%

Profit before tax

(Loss)/profit before tax

(381)

281

255

336

291

130

352

462

Impact of litigation and conduct

(4)

(Loss)/profit before tax excluding litigation and

conduct

(381)

288

251

340

291

140

352

509

Profit attributable to ordinary equity holders of

the parent

Attributable (loss)/profit

(291)

204

190

236

206

256

326

Post-tax impact of litigation and conduct

(3)

(Loss)/profit attributable to ordinary equity

holders of the parent excluding litigation and

conduct

(291)

210

187

239

206

257

360

Return on average allocated tangible equity

£bn

Average allocated equity

5.8

6.0

6.4

6.3

6.4

6.3

6.0

Average goodwill and intangibles

(0.7)

(0.9)

(1.1)

(1.0)

(1.1)

Average allocated tangible equity

5.1

5.3

5.4

5.3

5.2

5.0

Return on average allocated tangible equity

excluding litigation and conduct

(22.6%)

16.3%

14.0%

18.0%

15.4%

5.4%

19.9%

28.9%

Appendix: Non-IFRS Performance Measures

Barclays PLC

Head Office

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Profit before tax

£m

Loss before tax

(104)

(190)

(204)

(169)

(220)

(231)

(129)

(58)

Impact of litigation and conduct

Loss before tax excluding litigation and conduct

(99)

(167)

(116)

(168)

(181)

(219)

(110)

(27)

Profit attributable to ordinary equity holders of

the parent

Attributable loss

(99)

(154)

(184)

(126)

(172)

(234)

(147)

(120)

Post-tax impact of litigation and conduct

(4)

Attributable loss excluding litigation and conduct

(103)

(139)

(118)

(124)

(144)

(218)

(136)

(96)

Tangible net

asset value per share

As at

31.03.20

31.12.19

31.03.19

£m

Total equity excluding non-controlling interests

68,369

64,429

64,661

Other equity instruments

(10,871)

(11,119)

Shareholders' equity attributable to ordinary shareholders of the parent

57,498

53,558

53,542

Goodwill and intangibles

(8,209)

(8,119)

(7,921)

Tangible shareholders' equity attributable to ordinary shareholders of the parent

49,289

45,439

45,621

Shares in issue

17,332

17,322

17,139

Net asset value per share

332

309

312

Tangible net asset value per share

284

262

266

Appendix: Non-IFRS Performance Measures

Barclays PLC

Profit/(loss) attributable to ordinary equity

holders of the parent

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

£m

Barclays UK

175

438

(907)

328

422

241

510

473

Corporate and Investment Bank

820

193

609

596

582

(84)

431

600

Consumer, Cards and Payments

(291)

204

190

236

206

256

326

Barclays International

529

397

799

832

788

(21)

687

926

Head Office

(99)

(154)

(184)

(126)

(172)

(234)

(147)

(120)

Barclays Group

605

681

(292)

1,034

1,038

(14)

1,050

1,279

Average equity

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

£bn

Barclays UK

14.1

13.8

13.9

13.8

13.9

13.6

13.7

13.6

Corporate and Investment Bank

27.2

25.9

26.9

25.8

25.2

26.0

26.2

26.7

Consumer, Cards and Payments

5.8

6.0

6.4

6.3

6.4

6.3

6.0

Barclays International

33.0

31.9

33.3

32.1

31.6

32.4

32.5

32.8

Head Office

8.1

8.8

9.2

8.1

7.7

6.2

6.4

4.9

Barclays Group

55.2

54.5

56.4

54.0

53.2

52.2

52.5

51.3

Return on average equity

Q120

Q419

Q319

Q219

Q119

Q418

Q318

Q218

Barclays UK

5.0%

12.7%

(26.1%)

9.5%

12.2%

7.1%

14.9%

13.9%

Corporate and Investment Bank

12.1%

3.0%

9.1%

9.2%

9.3%

(1.3%)

6.6%

9.0%

Consumer, Cards and Payments

(20.0%)

13.6%

11.8%

14.9%

12.8%

3.9%

16.3%

21.6%

Barclays International

6.4%

5.0%

9.6%

10.3%

10.0%

(0.3%)

8.5%

11.3%

Head Office

n/m

Barclays Group

4.4%

5.0%

(2.1%)

7.6%

7.8%

(0.1%)

8.0%

10.0%

Shareholder Information

Barclays PLC

Results timetable

Date

2020 Interim Results Announcement

29 July 2020

% Change

Exchange rates

31.03.20

31.12.19

31.03.19

31.12.19

31.03.19

Period end - USD/GBP

1.24

1.33

1.30

(7%)

(5%)

3 month average - USD/GBP

1.28

1.29

1.30

(1%)

(2%)

Period end - EUR/GBP

1.13

1.18

1.16

(4%)

(3%)

3 month average - EUR/GBP

1.16

1.15

Share price data

Barclays PLC (p)

94.11

179.64

154.68

Barclays PLC number of shares (m)

17,332

17,322

17,139

For further information please contact

Investor relations

Media relations

Chris Manners +44 (0) 20 7773 2136

Tom Hoskin +44 (0) 20 7116 4755

More information on Barclays can be found on our website: home.barclays.

Registered office

1 Churchill Place, London, E14 5HP, United Kingdom. Tel:

+44 (0) 20 7116 1000. Company number: 48839.

Registrar

Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom.

Tel: 0371 384 2055

from the UK or +44 121 415 7004 from overseas.

American Depositary Receipts (ADRs)

J.P.Morgan

Chase Bank, N.A

StockTransfer@equiniti.com

Tel: +1 800 990 1135 (toll free in US and Canada), +1 651 453 2128 (outside the US and Canada) or +1 866 700 1652 (for the hearing

impaired).

J.P.Morgan

Chase Bank N.A., Shareowner Services, PO Box 64504, St Paul, MN 55164-0504, USA.

Delivery of ADR certificates and overnight mail

J.P.Morgan

Chase Bank N.A., Shareowner Services, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120, USA.

Note that these dates are provisional and subject

to change.

The average rates shown above are derived from

daily spot rates during the year.

The change is the impact to GBP reported information.

Lines open 8.30am to 5.30pm (UK time), Monday

to Friday, excluding

UK public holidays in England and Wales.

Glossary of Terms

Barclays PLC

‘A-IRB’ / ‘Advanced

-Internal Ratings Based’

See ‘Internal Ratings Based (IRB)’.

‘Acceptances

and endorsements’

An acceptance

is an

undertaking by

a bank

to pay

a bill

of exchange

drawn on

a customer.

The

Barclays

Group

expects

most

acceptances

presented,

but

reimbursement

the

customer

normally

immediate.

Endorsements are

residual liabilities

of the

Barclays Group

in respect

of bills

of exchange

which have

been paid

and subsequently

rediscounted.

‘Additional

Tier 1

(AT1)

capital’

AT1

capital largely

comprises eligible

non-common equity

capital securities

and any

related share

premium.

‘Additional Tier 1 (AT1)

securities’

Non-common equity securities that are eligible as AT1

capital.

‘Advanced

Measurement Approach

(AMA)’

Under the

AMA, banks

are allowed

to develop

their own

empirical model

to quantify

required capital for operational risk. Banks can only use this approach

subject to approval from their local regulators.

‘Agencies’

Bonds issued by state and / or government

agencies or government-sponsored entities.

‘Agency Mortgage

-Backed Securities’

Mortgage-Backed Securities issued by government-sponsored

entities.

‘All

price risk

(APR)’

An estimate

of all

the material

market risks,

including rating

migration and

default

for the

correlation trading

portfolio.

‘American

Depository Receipts

(ADR)’

A negotiable

certificate

that represents

the ownership

of shares

in a

non-US company

(for

example Barclays) trading in US financial markets.

‘Americas’

Geographic segment comprising the US, Canada and countries where Barclays operates

within Latin America.

‘Annual

Earnings at

Risk (AEaR)’

A measure

of the potential

change in Net

Interest Income

(NII) due to

an interest

rate movement

over a one-year period.

‘Annualised

cumulative weighted

average lifetime

PD’

The probability

of default

over the

remaining life

of the

asset, expressed

an annual rate, reflecting a range of possible economic scenarios.

‘Application

scorecards’

Algorithm based

decision tools

used to

aid business

decisions and

manage credit

risk based

on available

customer data at the point of application for a product.

‘Arrears’

Customers are

said to be

in arrears when

they are behind

in fulfilling their obligations

with the result

that an outstanding

loan is unpaid or

overdue. Such customers

are also said

to be in

a state

of delinquency.

When a customer

is in arrears,

their entire

outstanding balance is said to

be delinquent, meaning that delinquent

balances are the total

outstanding loans on which payments

are overdue.

‘Asia’

Geographic segment comprising countries where Barclays

operates within Asia and the Middle East.

‘Asset

Backed

Commercial

Paper’

Typically

short-term

notes

secured

specified

assets

issued

consolidated

special

purpose

entities for funding purposes.

‘Asset Backed

Securities (ABS)’

Securities that represent an interest

in an underlying pool of referenced

assets. The referenced

pool

can

comprise

any

assets

which

attract

set

associated

cash

flows

but

are

commonly

pools

residential

commercial

mortgages and, in the case of Collateralised Debt Obligations (CDOs),

the referenced pool may be ABS or other classes of assets.

‘Attributable

profit’

Profit after

tax that

is attributable

to ordinary equity

holders of Barclays

adjusted for

the after tax

amounts of

capital securities classified as equity.

‘Average

allocated tangible

equity’

Calculated as the

average of

the previous month’s

period end allocated

tangible equity and the

current

month’s

period end

allocated

tangible equity.

The average

allocated

tangible equity

for

the period

is the

average

the

monthly averages within that period.

‘Average

tangible

shareholders’

equity’

Calculated

the

average

the

month’s

period

end

tangible

equity

and

the

current month’s

period end tangible equity.

The average tangible

shareholders’ equity for

the period is the average

of the monthly

averages within that period.

‘Average

UK leverage

ratio’

As per

the PRA

rulebook, is

calculated

as the

average

capital measure

based on

the last

day of

each

month in the

quarter divided by

the average

exposure measure

for the

quarter,

where the average

exposure is based

on each day

in the quarter.

‘Back testing’

Includes a number of techniques that assess the continued

statistical validity of

a model by simulating how the model

would have predicted recent experience.

‘Barclays

Africa’

‘Absa’

Barclays

Africa

Group

Limited

(now

Absa

Group

Limited),

which

was

previously

subsidiary

the

Barclays

Group.

Following

sell

down

resulting

loss

control,

the

Barclays

Group’s

shareholding

Absa

Group

Limited is now classified as a financial asset at fair value through other comprehensive income.

Glossary of Terms

Barclays PLC

‘Balance

weighted

Loan

Value

(LTV)

ratio’

the

context

the

credit

risk

disclosures

secured

home

loans,

means

calculating marked to

market LTVs

derived by calculating

individual LTVs

at account level and

weighting it by the

balances to arrive

at the

average

position.

Balance weighted

loan to

value is

calculated

using the

following formula:

LTV

= ((loan

balance 1

x MTM

LTV% for

loan 1) + (loan balance 2 x MTM LTV% for loan 2) + ...) / total outstandings

in portfolio.

‘Barclaycard’

An international

consumer payments

business serving

the needs

of businesses

and consumers

through credit

cards,

consumer lending, merchant acquiring, commercial cards and point of sale finance. Barclaycard

has scaled operations in the UK, US,

Germany and Scandinavia.

‘Barclaycard Consumer UK’

The UK Barclaycard business.

‘Barclays’ or ’Barclays Group’

Barclays PLC, together with its subsidiaries.

‘Barclays Bank Group’

Barclays Bank PLC, together with its subsidiaries.

‘Barclays Bank UK Group’

Barclays Bank UK PLC, together with its subsidiaries.

‘Barclays Operating

businesses’

The core

Barclays businesses

operated by

Barclays UK

(which include the

UK Personal

banking; UK

business banking

and the

Barclaycard

consumer UK

businesses) and

Barclays

International

(the large

UK Corporate

business; the

international Corporate and Private Bank businesses; the Investment

Bank; the international Barclaycard business; and payment

s).

‘Barclays Execution

Services’ or ‘BX’

or ‘BSerL’

or ‘Group

Service Company’

Barclays Execution

Services Limited, the

Group services

company set up to provide services to Barclays UK and Barclays

International to deliver operational continuity.

‘Barclays International’

The segment of

Barclays held

by Barclays

Bank PLC.

The division includes the

large UK Corporate

business;

the

international

Corporate

and

Private

Bank

businesses;

the

Investment

Bank;

the

international

Barclaycard

business;

and

payments.

‘Barclays

UK’

The segment

of Barclays

held by

Barclays

Bank UK

PLC.

The division

includes the

UK Personal

banking; UK

business

banking and the Barclaycard consumer UK businesses.

‘Basel 3’

The third

of the

Basel Accords,

setting minimum

requirements

and standards

that apply

to internationally

active banks.

Basel

set

measures

developed

the

Basel

Committee

Banking

Supervision

aiming

strengthen

the

regulation,

supervision and risk management of banks.

‘Basel Committee

of Banking

Supervision (BCBS or

The Basel Committee)’

A forum

for regular

cooperation on

banking supervisory

matters which

develops global

supervisory standards

for the

banking industry.

Its 45

members are

officials from

central banks

prudential supervisors from 28 jurisdictions.

‘Basic Indicator Approach (BIA)’

Under the BIA, banks are required to hold regulatory capital for

operational risk equal to 15% of the

annual average, calculated over a rolling three-year

period, of the relevant income indicator for the bank as whole.

‘Basis point(s)’ / ‘bp(s)’

One hundredth of

a per cent (0.01%);

100 basis points is 1%.

The measure is used

in quoting movements in

interest rates, yields on securities and for other purposes.

‘Basis

risk’

Index/Tenor

risk,

that

arises

when

floating

rate

products

are

linked

different

interest

rate

indices,

which

are

imperfectly correlated, especially under stressed market conditions.

‘Behavioural

scorecards’

Algorithm

based decision

tools

used to

aid business

decisions

and manage

credit

risk based

on existing

customer data derived from account usage.

‘Book quality’

In the context of

the Capital Risk section,

changes in RWAs

caused by factors

such as underlying customer

behaviour

or demographics leading to changes in risk profile.

‘Book

size’

the

context

the

Capital

Risk

section

changes

RWAs

driven

business

activity,

including

net

originations

repayments.

‘Business Banking’

Offers specialist advice, products and services to small and medium enterprises in the UK.

‘Business Lending’

Business Lending in Barclays

UK that primarily relates

to small and medium

enterprises typically with

a turnover

up to £16m.

‘Business

scenario

stresses’

Multi

asset

scenario

analysis

extreme,

but

plausible

events

that

may

impact

the

market

risk

exposures of the Investment Bank.

‘Buy to let mortgage’

A mortgage where the intention of the customer (investor)

was to let the property at origination.

‘Capital

Conservation

Buffer

(CCB)’

A capital

buffer

2.5%

a bank’s

total

exposures

that

needs to

be met

with an

additional

amount

Common

Equity

Tier

capital

above

the

4.5%

minimum

requirement

for

Common

Equity

Tier

set

out

CRR.

Its

objective

conserve

bank’s

capital

ensuring

that

banks

build

surplus

capital

outside

periods

stress

which

can

drawn down if losses are incurred.

‘Capital ratios’

Key financial ratios measuring the Bank's capital adequacy or financial strength

expressed as a percentage of RWAs.

Glossary of Terms

Barclays PLC

‘Capital Requirements

Directive (CRD)’

Directive 2013/36/EU,

a component

of the

CRD IV

package which

accompanies the

Capital

Requirements Regulation and sets out

macroprudential standards including the countercyclical

capital buffer and capital buffers

for

systemically important

institutions. Directive

(EU) 2019/878,

published as part

of the EU

Risk Reduction

Measure package

amends

CRD. These

amendments enter

into force

from 27

June 2019,

with EU

member states

required to

adopt the

measures within

the

Directive by 28 December 2020.

‘Capital Requirements Regulation

(CRR)’

Regulation (EU) No 575/2013, a

component of the CRD IV

package which accompanies the

Capital

Requirements

Directive

and

sets

out

detailed

rules

for

capital

eligibility,

the

calculation

RWAs,

the

measurement

leverage, the

management of

large exposures

and minimum standards

for liquidity.

Between 27

June 2019 and

28 June 2023,

this

regulation will be amended in line with the requirements of amending Regulation (EU) 2019/876 (CRR II).

‘Capital

Requirements

Regulation

(CRR

II)’

Regulation

(EU)

2019/876,

amending

Regulation

(EU)

575/2013

(CRR).

This

component

the EU

Risk

Reduction

Measure

package.

The

requirements

set out

CRR

II will

be introduced

between

27 June

2019 and 28 June 2023.

‘Capital requirements on the

underlying exposures (KIRB)’

An approach available to

banks when calculating RWAs

for securitisation

exposures.

This

based

upon

the

RWA

amounts

that

would

calculated

under

the

IRB

approach

for

the

underlying

pool

securitised exposures in the program, had such exposures not been securitised.

‘Capital resources’

Common Equity Tier 1,

Additional Tier 1 and

Tier 2 capital

that are eligible

to satisfy capital

requirements under

CRD. Referred to as ‘own

funds’ within EU regulatory texts.

‘Capital

risk’

The

risk

that

the

Barclays

Group

has

insufficient

level

composition

capital

support

its

normal

business

activities and to meet its regulatory

capital requirements under normal

operating environments or

stressed conditions (both actual

and as defined for internal planning or regulatory testing purposes). This includes the risk from

the Barclays Group’s

pension plans.

‘Central Counterparty’ /

‘Central Clearing

Counterparties (CCPs)’

A clearing house

mediating between

the buyer and

the seller in

financial transaction, such

as a derivative

contract or

repurchase agreement

(repo). Where

a central

counterparty is

used, a single

bi-lateral

contract

between

the

buyer

and

seller

replaced

with

two

contracts,

one

between

the

buyer

and

the

CCP

and

one

between

the

CCP

and

the

seller.

The

use

CCPs

allows

for

greater

oversight

and

improved

credit

risk

mitigation

over-the-

counter (OTC) markets.

‘Charge-off’

In the retail

segment this refers

to the point

in time when collections

activity changes from

the collection of arrears

the recovery of the full balance. This is normally when six payments are in arrears.

‘Client Assets’

Assets managed or

administered by

Barclays Group

on behalf of

clients including assets

under management

(AUM),

custody assets, assets under administration and client deposits.

‘CLOs

and

Other

insured

assets’

Highly

rated

CLO

positions

wrapped

monolines,

non-CLOs

wrapped

monolines

and

other

assets wrapped with Credit Support Annex (CSA) protection.

‘Collateralised

Debt

Obligation

(CDO)’

Securities issued

third

party

which

reference

Asset

Backed

Securities (ABSs)

(defined

above)

and/or

certain

other

assets

purchased

the

issuer.

CDOs

may

feature

exposure

sub-prime

mortgage

assets

through the underlying assets.

‘Collateralised Loan Obligation

(CLO)’

A security backed by the

repayments from a

pool of commercial loans. The

payments may be

made to different classes of owners (in tranches).

‘Collateralised Mortgage

Obligation (CMO)’

A type of security

backed by mortgages.

A special purpose entity

receives income from

the mortgages and passes them on to investors of the security.

‘Combined

Buffer

Requirement’

the

context

the

CRD

capital

obligations,

the

combined

requirements

the

Capital

Conservation Buffer,

the GSII Buffer,

the OSII buffer,

the Systemic Risk buffer and an institution specific counter

-cyclical buffer.

‘Commercial paper (CP)’

Short-term notes issued by entities, including banks, for funding purposes.

‘Commercial

real estate

(CRE)’

Commercial real

estate includes

office buildings,

industrial property,

medical centres,

hotels, retail

stores, shopping centres, farm

land, multifamily housing buildings, warehouses, garages,

and industrial properties and other similar

properties. Commercial

real estate

loans are

loans backed

by a

package

of commercial

real estate.

Note: for

the purposes

of the

Credit Risk section, the UK CRE portfolio

includes property investment, development,

trading and housebuilders but

excludes social

housing contractors.

‘Commissions and other incentives’

Includes commission-based arrangements, guaranteed

incentives and Long Term

Incentive Plan

awards.

‘Committee

of Sponsoring

Organisations

of the

Treadway

Commission Framework

(COSO)’

A joint

initiative of

five

private

sector

organisations

dedicated

the

development

frameworks

and

providing

guidance

enterprise

risk

management,

internal

control and fraud deterrence.

‘Commodity derivatives’

Exchange traded

and over-the-counter

(OTC)

derivatives based

on an

underlying commodity

(e.g. metals,

precious metals, oil and oil related, power and natural gas).

Glossary of Terms

Barclays PLC

‘Commodity

risk’

Measures

the

impact

changes

commodity

prices

and

volatilities,

including

the

basis

between

commodities (e.g. Brent vs. WTI crude prices).

‘Common

Equity

Tier

(CET1)

capital’

The

highest

quality

form

regulatory

capital

under

CRR

that

comprises

common

issued and related share premium, retained earnings and other reserves,

less specified regulatory adjustments.

‘Common Equity Tier 1 (CET1) ratio’

A measure of Common Equity Tier 1 capital expressed as a percentage of RWAs.

‘Compensation: income ratio’

The ratio of

compensation expense over

total income. Compensation represents

total staff

costs less

non-compensation items consisting of outsourcing, staff training, redundancy

costs and retirement costs.

‘

Comprehensive

Capital

Analysis

and

Review

(CCAR)’

annual

exercise,

required

and

evaluated

the

Federal

Reserve,

through

which

the

largest

bank

holding

companies

operating

the

assess

whether

they

have sufficient

capital

continue

operations

through

periods

economic

and

financial

stress

and

have

robust

capital-planning

processes

that

account

for

their

unique risks.

‘Comprehensive Risk

Measure (CRM)’

An estimate

of all

the material

market

risks, including

rating

migration

and default

for

the

correlation trading portfolio. Also referred

to as All Price Risk (APR) and Comprehensive Risk Capital Charge (CRCC).

‘Conduct risk’

The risk

of detriment

to customers,

clients, market

integrity,

competition or

Barclays from

the inappropriate

supply

of financial services, including instances of wilful or negligent misconduct.

‘Constant

Currency

Basis’

Excluding

the

impact

foreign

currency

conversion

GBP

when

comparing

financial

results

two

different financial periods.

‘Consumer,

Cards

and

Payments’

Barclays

Consumer

Bank,

Barclaycard

Germany,

Barclays

Partner

Finance,

Barclaycard

Commercial Payments, Barclaycard

Payment Solutions (including merchant acquiring) and the international Wealth

business.

‘Contingent

capital

notes

(CCNs)’

Interest

bearing

debt

securities

issued

Barclays

Group

its

subsidiaries

that

are

either

permanently written

off or

converted

into an

equity instrument

from the

issuer's perspective

in the

event of

the Common

Equity

Tier 1 (CET1) ratio of the relevant Barclays

Group entity falling below a specific level, or at the direction of regulators.

‘Conversion

Trigger’

Used in

the context

of Contingent

Capital Notes

and AT1

securities.

A capital

adequacy trigger

event occurs

when the

CET1 ratio

of the

bank falls

below a

certain level

(the trigger)

as defined

in the

Terms

& Conditions

of the

instruments

issued.

See ‘Contingent capital notes’.

‘Correlation risk’

Refers to

the change in marked

to market

value of a

security when the correlation

between the underlying assets

changes over time.

‘Corporate

and

Investment

Bank

(CIB)’

Barclays

Corporate

and

Investment

Bank

businesses

which

form

part

Barclays

International.

‘Cost: income ratio’

Total operating expenses

divided by total income.

‘Cost of Equity’

The rate of return targeted by the equity holders of

a company.

‘Cost to income jaws’

Relationship of the percentage change movement in operating expenses

relative to total income.

‘Countercyclical Capital Buffer

(CCyB)’

An additional buffer introduced as

part of the CRD IV package

that requires banks to

have an

additional cushion

of CET

1 capital

with which

to absorb

potential

losses, enhancing

their resilience

and contributing

to a

stable

financial system.

‘Countercyclical leverage

ratio buffer

(CCLB)’

A macroprudential buffer

that has applied

to specific PRA

regulated institutions

since

2018 and

is calculated

at 35%

of any

risk weighted

countercyclical

capital buffer

set by

the Financial

Policy Committee

(FPC).

The

CCLB applies in addition to the minimum of 3.25% and any G-SII additional Leverage Ratio Buffer that

applies.

‘Counterparty credit

risk’

The risk

related to

a counterparty

defaulting before

the final

settlement of

a transaction’s

cash flows.

the

context

RWAs,

component

RWAs

that

represents

the

risk

loss

derivatives,

repurchase

agreements

and

similar

transactions resulting from the default of the counterparty.

‘Coverage ratio’

This represents the percentage of impairment allowance reserve against

the gross exposure.

‘Covered bonds’

Debt securities backed by a

portfolio of mortgages that are

segregated from the

issuer’s other assets solely for

the

benefit of the holders of the covered bonds.

‘CRD IV’

The Fourth Capital Requirements

Directive, an EU Directive

and an accompanying Regulation

(CRR) that together prescribe

EU capital adequacy and liquidity requirements and implements Basel 3 in the European Union.

‘CRD V’

The Fifth Capital Requirements

Directive, comprising an EU

amending Directive and an accompanying

amending Regulation

(CRR II) that

together prescribe EU

capital adequacy and

liquidity requirements and

implements enhanced Basel

3 proposals in

the

European Union.

‘Credit conversion factor

(CCF)’

Factor used to estimate

the risk from off-balance sheet commitments

for the purpose of calculating

the total Exposure at Default (EAD) used to calculate RWAs.

Glossary of Terms

Barclays PLC

‘Credit default swaps

(CDS)’

A contract under

which the protection

seller receives premiums or

interest-related

payments in return

for

contracting

to make

payments to

the protection

buyer in

the event

of a

defined credit

event.

Credit events

normally include

bankruptcy, payment

default on a reference asset or assets, or downgrades

by a rating agency.

‘Credit derivatives (CDs)’

An arrangement whereby

the credit risk

of an asset (the

reference asset)

is transferred

from the buyer

the seller of the protection.

‘Credit impairment charges’

Also known as ‘credit

impairment’. Impairment charges

on loans and advances to customers

and banks

and impairment charges on fair value through other comprehensive income

assets and reverse repurchase agreements.

‘Credit market

exposures’

Assets and

other instruments

relating

to commercial

real estate

and leveraged

finance businesses

that

have been

significantly impacted

by the

deterioration in

the global

credit markets.

The exposures

include positions

subject to

fair

value

movements

the Income

Statement,

positions

that

are

classified

loans

and advances

and available

for

sale and

other

assets.

‘Credit quality step’

In the context of the

Standardised Approach to

calculating credit risk RWAs,

a “credit quality

assessment scale”

maps the credit assessments

of a recognised credit

rating agency or

export credit agency to

credit quality steps

that determine the

risk weight to be applied to an exposure.

‘Credit Rating’

An evaluation of the creditworthiness of an entity seeking to enter into a credit agreement.

‘Credit risk’

The risk of loss to Barclays

from the failure of clients,

customers or counterparties, including

sovereigns, to fully honour

their obligations

to Barclays,

including the whole

and timely payment

of principal, interest,

collateral

and other receivables.

In the

context

RWAs,

the

component

RWAs

that

represents

the

risk

loss

loans

and

advances

and

similar

transactions

resulting from the default of the counterparty.

‘Credit risk mitigation’

A range of techniques and

strategies to actively

mitigate credit risks to

which the bank is exposed. These can

be broadly divided into three types; collateral, netting and

set-off, and risk transfer.

‘Credit spread’

The premium over the benchmark or risk-free rate

required by the market to accept a lower credit quality.

‘Credit Valuation

Adjustment (CVA)’

The difference between

the risk-free

value of a portfolio

of trades and the market

value which

takes into account

the counterparty’s risk

of default. The CVA

therefore represents

an estimate of the adjustment

to fair value that

a market

participant would

make

incorporate

the credit

risk of

the counterparty

due to

any failure

to perform

on contractual

agreements.

‘CRR leverage exposure’

Is calculated in accordance with article 429 as per the CRR.

‘CRR

leverage

ratio’

Is calculated

using the

CRR

definition of

Tier 1

capital

for

the numerator

and the

CRR

definition of

leverage

exposure as the denominator.

‘Customer assets’

Represents loans and advances to

customers. Average

balances are calculated as the sum of

all daily balances for

the year to date divided by number of days in the year to date.

‘Customer

deposits’

the

context

the Liquidity

Risk

section,

money

deposited

all

individuals

and

companies

that

are

not

credit institutions. Such funds are recorded as liabilities in the Barclays Group’s

balance sheet under deposits at amortised cost.

‘Customer liabilities’

See ‘Customer deposits’.

‘Daily

Value

Risk

(DVaR)’

An estimate

the potent

ial

loss

which

might

arise

from

market

movements

under

normal

market

conditions, if the current positions were to be held unchanged for one business day,

measured to a specified confidence level.

‘DBRS’

A credit rating agency.

‘Debit Valuation

Adjustment (DVA)’

The opposite

of Credit

Valuation

Adjustment (CVA).

It is

the difference

between the

risk-free

value

portfolio

trades

and

the

market

value

which

takes

into

account

the

Barclays

Group’s

risk

default.

The

DVA,

therefore,

represents

an estimate

of the

adjustment to

fair value

that a

market

participant would

make to

incorporate

the credit

risk of

the Barclays

Group due

to any

failure

to perform

on contractual

obligations. The

DVA

decreases the

value of

a liability

take into account

a reduction in the remaining

balance that would be settled

should the Barclays Group

default or not perform

any

contractual obligations.

‘Debt buybacks’

Purchases of

the Barclays

Group’s

issued debt securities,

including equity accounted

instruments, leading

to their

de-recognition from the balance sheet.

‘Debt securities in issue’

Transferable

securities evidencing indebtedness of

the Barclays

Group. These are

liabilities of the Barclays

Group and include certificates of deposit and commercial paper.

‘Default

grades’

Barclays

Group classify

ranges

of default

probabilities into

a set

of 21

intervals called

default

grades,

in order

distinguish differences in the probability of default risk.

‘Default

fund

contributions’

The

amount

contribution

made

members

central

counterparty

(CCP).

All

members

are

required to

contribute to

this fund in

advance of using

a CCP.

The default

fund can be

used by the

CCP to cover

losses incurred by

the CCP where losses are greater than the margins provided by that member.

Glossary of Terms

Barclays PLC

‘Derivatives

netting’

Adjustments

applied

across

asset

and

liability

mark-to-market

derivative

positions

pursuant

legally

enforceable bilateral netting

agreements and eligible cash collateral

received in derivative transactions

that meet the requirements

of BCBS 270.

‘Diversification effect’

Reflects the fact

the risk of a diversified

portfolio is smaller than

the sum of the

risks of its constituent

parts.

It is measured as the sum of the individual asset class DVaR estimates less the total

DVaR.

‘Dodd-Frank Act (DFA)’

The US Dodd-Frank Wall Street Reform

and Consumer Protection Act of 2010.

‘Economic

Value

Equity

(EVE)’

measure

the

potential

change

value

expected

future

cash

flows

due

adverse

interest rate movement, based on existing

balance sheet run-off profile.

'Effective

Expected Positive

Exposure (EEPE)'

The weighted average

over time

of effective

expected exposure.

The weights

are the

proportion that an individual exposure represents of the entire

exposure horizon time interval.

‘Eligible liabilities’

Liabilities and capital instruments that are eligible to meet MREL that do not already qualify as own funds.

‘Encumbrance’

The use of assets to secure liabilities, such as by way of a lien or charge.

‘Enterprise Risk

Management

Framework

(ERMF)’

Barclays

Group risk

management

responsibilities are

laid out

in the

Enterprise

Risk Management

Framework,

which describes

how

Barclays

identifies

and manages

risk. The

framework

identifies the

principal

risks faced by

the Barclays

Group; sets

out risk appetite

requirements; sets out

roles and responsibilities

for risk management;

and

sets out risk committee structure.

‘Equities’

Trading businesses encompassing Cash Equities,

Equity Derivatives & Equity Financing

‘Equity

and stock

index

derivatives’

Derivatives

whose

value

derived

from

equity

securities.

This

category

includes equity

and

stock index swaps and options

(including warrants, which are

equity options listed on an exchange).

The Barclays Group also

enters

into

fund-linked

derivatives,

being

swaps

and

options

whose

underlyings

include

mutual

funds,

hedge

funds,

indices

and

multi-

asset

portfolios.

equity

swap

agreement

between

two

parties

exchange

periodic

payments,

based

upon

notional

principal amount, with one side paying fixed or floating interest

and the other side paying based on the actual return of the stock or

stock index.

An equity option

provides the buyer

with the right,

but not the

obligation, either

to purchase

or sell a

specified stock,

basket of stocks or stock index at

a specified price or level on or before a specified date.

‘Equity risk’

In the context of trading book capital requirements,

the risk of change in market value of an equity investment.

‘Equity

structural

hedge’

interest

rate

hedge

place

reduce

earnings

volatility

the

overnight

short

term

equity

investment and to smoothen the income over a medium/long term.

‘EU Risk Reduction Measure package’

A collection of amending Regulations and Directives

that update core EU

regulatory texts and

which came into force on 27 June 2019.

‘Euro

Interbank

Offered

Rate

(EURIBOR)’

benchmark

interest

rate

which

banks

can

borrow

funds

from

other

banks

the

European interbank market.

‘Europe’

Geographic segment co

mprising countries

in which Barclays

operates within

the EU (excluding

UK), Northern Continental

and Eastern Europe.

‘European Banking

Authority (EBA)’

The European Banking

Authority (EBA)

is an independent

EU Authority which

works to

ensure

effective

and

consistent

prudential

regulation

and

supervision

across

the

European

banking

sector.

Its

overall

objectives

are

maintain financial stability in the EU and to safeguard the integrity,

efficiency and orderly functioning of the banking sector.

‘European Securities

and Markets

Authority (ESMA)’

An independent European

Supervisory Authority with

the remit

of enhancing

the protection of investors and reinforcing

stable and well-functioning financial markets in the European Union.

‘Eurozone’

Represents the

19 European

Union countries

that have

adopted the

euro as

their common

currency.

The 19

countries

are

Austria,

Belgium,

Cyprus,

Estonia,

Finland,

France,

Germany,

Greece,

Ireland,

Italy,

Latvia,

Lithuania,

Luxembourg,

Malta,

Netherlands, Portugal, Slovakia, Slovenia and Spain.

‘Expected Credit

Losses (ECL)’

A present

value measure

of the credit

losses expected

to result

from default

events that

may occur

during

specified

period

time.

ECLs

must

reflect

the

present

value

cash

shortfalls,

and

must

reflect

the

unbiased

and

probability weighted assessment of a range of outcomes.

‘Expected

Losses’

A regulatory

measure of

anticipated

losses for

exposures

captured

under an

internals

ratings

based credit

risk

approach for

capital adequacy

calculations.

It is

measured as

the Barclays

Group's modelled

view

of anticipated

losses based

Probability of Default (PD), Loss Given Default (LGD) and Exposure

at Default (EAD), with a one-year time horizon.

’Expert

lender models’

Models

risk

measures

that

are

used

for

parts

the

portfolio

where

the

risk

drivers

are

specific

particular counterparty,

but where there is

insufficient data to

support the construction of

a statistical model.

These models utilise

the knowledge of credit experts that have in depth experience of the specific customer type

being modelled.

‘Exposure’

Generally refers

to positions or actions

taken by the

bank, or consequences thereof,

that may put a

certain amount of a

bank’s resources at risk.

Glossary of Terms

Barclays PLC

‘Exposure at Default (EAD)’

The estimation of the extent

to which Barclays

Group may be exposed to

a customer or counterparty in

the event

of,

and at

the time

of,

that counterparty’s

default. At

default, the

customer may

not have

drawn the

loan fully

or may

already have repaid some of the principal, so that exposure may be less than the approved

loan limit.

‘External

Credit

Assessment

Institutions

(ECAI)’

Institutions

whose

credit

assessments

may

be used

credit

institutions

for

the

determination of risk weight exposures according to CRR.

‘Federal

Reserve

Board

(FRB)’

the

governing

board

the Federal

Reserve

System

the

US,

charge

making

the

country's monetary policy.

'FICC'

Represents Macro (including rates and currency), Credit and

Securitised products.

'Financial Policy

Committee (FPC)'

The Bank of

England’s

Financial Policy

Committee (FPC)

identifies, monitors

and takes

action to

remove or reduce systemic

risks with a view to protecting

and enhancing the resilience of the UK financial

system. The FPC also has

a secondary objective to support the economic policy of the UK Government.

‘F-IRB’/ 'Foundation-Internal Ratings Based’

See ‘Internal Ratings Based (IRB)’.

‘Financial

Conduct

Authority

(FCA)’

The

statutory

body

responsible

for

conduct

business

regulation

and

supervision

authorised firms. The FCA also has responsibility for the prudential regulation of firms that do not fall within the PRA’s

scope.

‘Financial Services

Compensation

Scheme (FSCS)’

The

UK’s

fund for

compensation

authorised financial

services firms

that

are

unable to pay claims.

‘Financial

collateral

comprehensive

method

(FCCM)’

counterparty

credit

risk

exposure

calculation

approach

which

applies

volatility adjustments to the market value of exposure

and collateral when calculating RWA

values.

‘Financial

Stability

Board

(FSB)’

international

body

that

monitors

and

makes

recommendations

about

the

global

financial

system.

It promotes international financial stability by coordinating

national financial authorities and international standard-setting

bodies as

they work

toward developing

strong regulatory,

supervisory and

other financial

sector policies.

It fosters

a level

playing

field by encouraging coherent implementation of these policies across sectors

and jurisdictions.

‘Fitch’

A credit rating agency.

‘Forbearance Programmes’

Forbearance

programmes

to assist

customers in

financial difficulty

through agreements

to accept

less

than contractual

amounts due

where financial

distress would

otherwise prevent

satisfactory

repayment

within the

original terms

and conditions of the contr

act. These agreements may

be initiated by the

customer,

Barclays or a

third party and include approved

debt counselling

plans, minimum

due reductions,

interest

rate

concessions and

switches from

capital and

interest

repayments

interest-only payments.

‘Foreclosures in Progress’

The process by which the

bank initiates legal action against

a customer with the

intention of terminating

a loan agreement whereby the bank may repossess the property subject to local law and recover

amounts it is owed.

‘Foreign

exchange

derivatives’

The

Barclays

Group’s

principal

exchange

rate-related

contracts

are

forward

foreign

exchange

contracts,

currency

swaps

and

currency

options.

Forward

foreign

exchange

contracts

are

agreements

buy

sell

specified

quantity of forei

gn currency,

usually on a

specified future date

at an agreed

rate. Currency

swaps generally

involves the

exchange,

notional

exchange,

equivalent

amounts

two

currencies

and

commitment

exchange

interest

periodically

until

the

principal amounts

are re

-exchanged

on a

future

date.

Currency

options provide

the buyer

with the

right, but

not the

obligation,

either to purchase or sell a fixed

amount of a currency at a

specified exchange rate on

or before a future date.

As compensation for

assuming the option risk, the option writer generally receives a premium at the start of the option period.

‘Foreign exchange risk’

In the context of DVaR,

the impact of changes in foreign exchange rates and

volatilities.

‘Full time equivalent’

Full time equivalent units are the on-job hours

paid for employee services divided by the number of ordinary-

time hours normally paid for a full-time staff member when on the job (or contract employees where

applicable).

‘Fully

loaded’

When

measure

presented

described

being

fully

loaded

basis,

calculated

without

applying

the

transitional provisions set out in Part Ten

of CRR.

‘Funded

credit

protection’

technique

credit

risk

mitigation

where

the

reduction

the

credit

risk

the

exposure

institution derives

from the

right of

that institution,

in the

event of

the default

of the

counterparty or

on the

occurrence of

other

specified credit events relating to the counterparty,

to liquidate, or to obtain transfer

or appropriation of,

or to retain certain assets

or amounts, or to reduce the amount of the exposure to, or

to replace it with, the amount of the difference between the amount of

the exposure and the amount of a claim on the institution.

‘Gains

on acquisitions’

The amount

by which

the acquirer’s

interest

in the

net

fair

value

the identifiable

assets,

liabilities and

contingent liabilities, recognised in a business combination, exceeds

the cost of the combination.

‘General Data

Protection Regulation

(GDPR)’

GDPR (Regulation

(EU) 2016/679)

is a

regulation by

which the

European Parliament,

the Council of the European

Union and the European

Commission intend to

strengthen and unify

data protection for

all individuals

within the European Union.

Glossary of Terms

Barclays PLC

‘General

market

risk’

The risk

of a

price change

in a

financial instrument

due to

a change

in level

of interest

rates

or owing

to a

broad equity market movement unrelated to

any specific attributes of individual securities.

‘Global-Systemically

Important

Banks

(G-SIBs

G-SIIs)’

Global

financial

institutions

whose

size,

complexity

and

systemic

interconnectedness,

mean

that

their

distress

failure

would

cause

significant

disruption

the

wider

financial

system

and

economic

activity.

The

Financial

Stability

Board

and

the

Basel

Committee

Banking

Supervision

publish

list

globally

systemically important banks.

‘G-SII additional

leverage

ratio buffer

(G-SII ALRB)’

A macroprudential

buffer that

applies to

globally systemically

important banks

(G-SIBs) and

other major

domestic UK

banks and

building societies,

including banks

that are

subject to

ring-fencing requirements.

The G-SII ALRB will be calibrated as 35% (on a phased basis) of the combined systemic risk buffers

that applies to the bank.

‘GSII

Buffer’

Common

Equity

Tier

capital

required

held

under

CRD

ensure

that

G-SIBs

build

surplus

capital

compensate for the systemic risk that such institutions

represent to the financial system.

’Grandfathering’

In the context of capital resources, the phasing in of the application

of instrument eligibility rules which allows CRR

and CRR II non-compliant capital

instruments to be included

in regulatory capital

subject to certain thresholds

which decrease over

the transitional period.

‘Gross

charge-off

rates’

Represents

the balances

charged-off

to recoveries

in the

reporting

period, expressed

as a

percentage

average outstanding balances excluding

balances in recoveries. Charge-off to recoveries generally

occurs when the collections focus

switches from the

collection of arrears

to the recovery

of the entire

outstanding balance, and

represents a fundamental

change in

the relationship between

the bank and the customer.

This is a measure of

the proportion of customer

that have gone

into default

during the period.

‘Gross write-off rates’

Expressed as a percentage

and represents balances written

off in the reporting

period divided by gross loans

and advances held at amortised cost at the balance sheet date.

‘Gross new lending’

New lending advanced to customers during the period.

‘Guarantee’

Unless otherwise described, an

undertaking by a

third party to

pay a creditor

should a debtor

fail to

do so. It

is a form

of credit substitution.

‘Head

Office’

division

comprising

Brand

and

Marketing,

Finance,

Head

Office,

Human

Resources,

Internal

Audit,

Legal,

Compliance, Risk, Treasury and Tax

and other operations.

‘High-Net-Worth’

Businesses

within

Barclays

and

Barclays

International

that

provide

banking

and

other

services

high

net

worth customers.

‘High Risk’

In retail banking,

‘High Risk’ is

defined as the

subset of up-to

-date customers

who, either through

an event or

observed

behaviour

exhibit

potential

financial

difficulty.

Where

appropriate,

these customers

are

proactively

contacted

assess whether

assistance is required.

‘Home loan’

A loan to

purchase a residential

property.

The property is

then used as collateral

to guarantee

repayment of

the loan.

The borrower

gives the

lender a

lien against

the property

and the

lender can

foreclose

on the

property if

the borrower

does not

repay the loan per the agreed terms. Also known as a residential mortgage.

‘IHC’ or

‘US

IHC’

Barclays

LLC,

the

intermediate

holding

company

established

Barclays

July

2016,

which

holds

most

Barclays’ subsidiaries and assets in the US.

‘IMA’ /

'Internal Model Approach’

In the context

of RWAs,

RWAs for

which the exposure

amount has been derived

via the use of

PRA approved internal market risk model.

‘IMM’ /

'Internal Model Method’

In the context

of RWAs,

RWAs for

which the exposure

amount has

been derived via

the use of

PRA approved internal counterparty credit risk model.

‘Identified Impairment (II)’

Specific impairment allowances for financial assets, individually estimated.

‘IFRS 9 transitional

arrangements’

Following the application

of IFRS 9

as of 1

January 2018, Article 473a

of CRR permits institutions

to phase-in the impact on capital and leverage ratios of the impairment requirements

under the new accounting standard.

‘Impairment

Allowances’

provision

held on

the

balance sheet

as a

result

the raising

a charge

against

profit

for

expected

losses in the lending book. An impairment allowance may either be identified or unidentified and individual or collective.

‘Income’

Total income, unless otherwise specified.

‘Incremental

Risk

Charge

(IRC)’

estimate

the

incremental

risk

arising

from

rating

migrations

and

defaults

for

traded

debt

instruments beyond what is already captured in specific market

risk VaR for the non-correlation trading

portfolio.

‘Independent Validation

Unit (IVU)’

The function within the bank

responsible for independent

review,

challenge and approval

of all

models.

‘Individual liquidity

guidance (ILG)’

Guidance given

to a

bank about

the amount,

quality and

funding profile

of liquidity

resources

that the PRA has asked the bank to maintain.

Glossary of Terms

Barclays PLC

‘Inflation risk’

In the context of DVaR,

the impact of changes in inflation rates and volatilities on cash instruments and derivatives.

‘Insurance

Risk’

The risk

of the

Barclays

Group’s

aggregate

insurance

premiums

received

from

policyholders

under a

portfolio

insurance contracts being inadequate to cover

the claims arising from those policies.

‘Interchange’

Income paid to a credit card issuer for the clearing and settlement of a sale or cash advance

transaction.

‘Interest-only home loans’

Under the terms of these loans, the customer makes

payments of interest only for

the entire term of the

mortgage, although

customers may

make early

repayments of

the principal

within the

terms of

their agreement.

The customer

responsible for repaying the entire outstanding

principal on maturity, which may

require the sale of the mortgaged property.

‘Interest rate

derivatives’

Derivatives linked

to interest

rates. This

category includes

interest rate

swaps, collars,

floors options and

swaptions. An interest rate swap

is an agreement between two parties to exchange fixed

rate and floating rate interest

by means of

periodic

payments

based

upon

notional

principal

amount

and

the

interest

rates

defined

the

contract.

Certain

agreements

combine interest rate

and foreign currency

swap transactions, which

may or may

not include the exchange

of principal amounts. A

basis swap

is a

form

of interest

rate

swap, in

which both

parties exchange

interest

payments

based on

floating rates,

where the

floating

rates

are

based

upon

different

underlying

reference

indices.

forward

rate

agreement,

two

parties

agree

future

settlement

the

difference

between

agreed

rate

and

future

interest

rate,

applied

notional

principal

amount.

The

settlement, which

generally occurs

at the

start of

the contract

period, is

the discounted

present value

of the

payment that

would

otherwise be made at the end of that period.

‘Interest rate

risk’

The risk of

interest rate

volatility adversely

impacting the Barclays

Group’s net

interest margin.

In the context

the calculation

of market

risk DVaR,

measures the

impact of

changes in

interest

(swap) rates

and volatilities

on cash

instruments

and derivatives.

‘Interest rate

risk in the banking book (IRRBB)’

The risk that the Barclays

Group is exposed to

capital or income volatility

because of

a mismatch between the interest rate

exposures of its (non-traded) assets and liabilities.

‘Internal

Assessment

Approach

(IAA)’

One

three

types

calculation

that

bank

with

permission

use

the

Internal

Ratings

Based (IRB) approach

may apply

to securitisation exposures.

It consists

of mapping a

bank's internal rating

methodology for

credit

exposures

those

External

Credit

Assessment

Institution

(ECAI)

determine

the

appropriate

risk

weight

based

the

ratings based approach. Its applicability is limited to ABCP programmes related

to liquidity facilities and credit enhancement.

‘Internal

Capital

Adequacy

Assessment

Process

(ICAAP)’

Companies

are

required

perform

formal

Internal

Capital

Adequacy

Assessment Process (ICAAP) as

part of the Pillar 2 requirements

(BIPRU) and to provide

this document to the PRA

on a yearly basis.

The ICAAP document

summarises the Barclays

Group’s

risk management

framework,

including approach

to managing all

risks (i.e.

Pillar 1 and non-Pillar 1 risks); and, the Barclays Group’s

risk appetite, economic capital and stress testing frameworks.

‘Internal Ratings

Based (IRB)’

An approach

under the

CRR framework

that relies

on the

bank’s

internal models

derive the

risk

weights. The IRB approach is divided into two alternative applications,

Advanced and Foundation:

–

Advanced IRB

(A-IRB): the

bank uses its

own estimates

of probability

of default

(PD), loss

given default

(LGD) and

credit

conversion factor to model a given risk exposure.

–

Foundation IRB: the bank applies

its own PD as for

Advanced, but it uses standard

parameters for

the LGD and the

credit

conversion

factor.

The

Foundation

IRB

approach

specifically

designed

for

wholesale

credit

exposures.

Hence

retail,

equity, securitisation positions and non-credit obligations asset

exposures are treated under standardised or A-IRB.

‘Investment Bank’

The Barclays Group’s

investment bank which

consists of origination led and returns focused markets

and banking

business which forms part of the Corporate and Investment Bank segment of

Barclays International.

‘Investment

Banking

Fees’

the

context

Investment

Bank

Analysis

Total

Income,

fees

generated

from

origination

activity

businesses – including financial advisory, debt and equity underwriting.

‘Investment grade’

A debt

security,

treasury bill

or similar

instrument with

a credit

rating of

AAA to

BBB as

measured by

external

credit rating agencies.

‘ISDA Master

Agreement’

The most

commonly used

master contract

for OTC

derivative transactions

internationally.

It is

part of

framework

documents, designed

enable

OTC

derivatives

be documented

fully

and flexibly.

The framework

consists

master

agreement,

schedule,

confirmations,

definition

booklets,

and

credit

support

annex.

The

ISDA

master

agreement

published by the International Swaps and Derivatives Association (ISDA).

‘Key

Risk

Scenarios

(KRS)’

Key

Risk

Scenarios

are

summary

the

extreme

potential

risk

exposure

for

each

Key

Risk

each

business

and

function,

including

assessment

the

potential

frequency

risk

events,

the

average

size

losses

and

three

extreme

scenarios.

The

Key

Risk

Scenario

assessments

are

key

input

the

Advanced

Measurement

Approach

calculation

regulatory and economic capital requirements.

‘Large

exposure’

A large

exposure is

defined

the

total

exposure of

bank

counterparty

group

connected

clients,

whether in the banking book or trading book or both, which in aggregate equals or exceeds 10% of the bank's eligible capital.

‘Legal

risk’

The

risk of

loss

imposition of

penalties, damages

fines from

the failure

the Barclays

Group

meet

its

legal

obligations including regulatory or contractual requirements.

Glossary of Terms

Barclays PLC

‘Lending’

In the context

of Investment

Bank Analysis of

Total

Income, lending income

includes net

interest income,

gains or

losses

on loan sale activity, and risk management activity relating to

the loan portfolio.

‘Letters of

credit’

A letter typically

used for the

purposes of international

trade guaranteeing

that a debtor’s

payment to a

creditor

will be made on time and in full. In

the event that the debtor

is unable to make payment,

the bank will be required to

cover the full

or remaining amount of the purchase.

‘Level 1

assets’

High quality liquid

assets under

the Basel

Committee’s

Liquidity Coverage

Ratio (LCR),

including cash,

central bank

reserves and higher quality government securities.

‘Level 2 assets’

Under the Basel Committee’s Liquidity Coverage

Ratio high quality liquid assets (HQLA) are comprised of Level 1 and

Level

assets,

with

the

latter

comprised

Level

and

Level

assets.

Level

assets

include,

for

example,

lower

quality

government securities,

covered

bonds and

corporate

debt securities.

Level 2B

assets include,

for example,

lower rated

corporate

bonds, residential mortgage backed securities and equities that meet certain conditions.

‘Lifetime expected

credit losses’

An assessment of

expected losses associated

with default events

that may occur

during the life

an exposure, reflecting the present value of cash shortfalls over

the remaining expected life of the asset.

‘Lifetime Probability’

The likelihood of accounts entering default during the expected

remaining life of the asset.

‘Liquidity Coverage

Ratio (LCR)’

The ratio

of the

stock of

high quality

liquid assets

to expected

net cash

outflows over

the next

days. High-quality

liquid

assets

should

unencumbered,

liquid

markets

during

time

stress

and,

ideally,

be central

bank

eligible. These include, for example, cash and claims on central governments

and central banks.

‘Liquidity Pool’

The Barclays Group

liquidity pool comprises cash

at central banks

and highly liquid collateral

specifically held by the

Barclays Group as a contingency to enable the bank to meet cash

outflows in the event of stressed market conditions.

‘Liquidity Risk’

The risk that

the Barclays

Group is unable

to meet its

contractual or

contingent obligations

or that is

does not have

the appropriate amount, tenor and composition of funding and liquidity to support its assets.

‘Liquidity risk appetite

(LRA)’

The level of

liquidity risk that

the Barclays

Group chooses to

take in

pursuit of

its business objectives

and in meeting its regulatory obligations.

‘Liquidity

Risk

Management

Framework

(the

Liquidity

Framework)’

The

Liquidity

Risk

Management

Framework

(the

Liquidity

Framework), which is sanctioned by the Board Risk Committee (BRC)

and which incorporates liquidity policies, systems

and controls

that

the

Barclays

Group

has

implemented

manage

liquidity

risk

within

tolerances

approved

the

Board

and

regulatory

agencies.

‘Litigation

and

conduct

charges’

‘Litigation

and

conduct’

Litigation

and

conduct

charges

include

regulatory

fines,

litigation

settlements and conduct related customer redress.

‘Loan loss

rate’

Quoted

in basis

points and

represents

total

annualised impairment

charges

divided by

gross

loans and

advances

held at amortised cost at the balance sheet date.

‘Loan to deposit ratio’

Loans and advances at amortised costs divided by deposits at amortised cost.

‘Loan to value (LTV)

ratio’

Expresses the amount borrowed against

an asset (i.e. a mortgage) as a percentage

of the appraised value

of the asset.

The ratios

are used in

determining the appropriate

level of risk

for the

loan and are

generally reported

as an average

for new mortgages or an entire portfolio.

Also see ‘Marked to market (MTM) LTV

ratio.’

‘London

Interbank

Offered

Rate

(LIBOR)’

benchmark

interest

rate

which

banks

can

borrow

funds

from

other

banks

the

London interbank market.

‘Loss

Given

Default

(LGD)’

The

percentage

Exposure

Default

(EAD)

(defined

above)

that

will

not

recovered

following

default. LGD comprises

the actual loss (the part that

is not expected to

be recovered), together

with the economic costs associated

with the recovery process.

‘Management VaR’

A measure of

the potential loss

of value arising

from unfavourable

market movements

at a specific

confidence

level, if current positions were to

be held unchanged for predefined period. Corporate

and Investment Bank uses Management

VaR

with a two-year equally weighted historical period, at a 95% confidence level,

with a one day holding period.

‘Mandatory

break

clause’

the

context

counterparty

credit

risk,

contract

clause

that

means

trade

will

ended

particular date.

‘Marked

market

approach’

counterparty

credit

risk

exposure

calculation

approach

which

uses

the

current

mark

market

value of

derivative positions

as well

as a

potential future

exposure add-on

to calculate

an exposure

to which

a risk

weight can

applied. This is also known as the Current Exposure Method.

‘Marked to

market

(MTM) LTV

ratio’

The loan

amount as

a percentage

of the

current value

of the

asset used

to secure

the loan.

Also see ‘Balance weighted Loan to Value (LTV)

ratio’ and ‘Valuation weighted Loan to Value

(LTV) ratio.’

Glossary of Terms

Barclays PLC

‘Market risk’

The risk of

loss arising

from potential

adverse changes

in the value

of the Barclays

Group’s

assets and

liabilities from

fluctuation

market

variables

including,

but

not

limited

to,

interest

rates,

foreign

exchange,

equity

prices,

commodity

prices,

credit spreads, implied volatilities and asset correlations.

‘Master

netting

agreements’

agreement

that

provides

for

single

net

settlement

all

financial

instruments

and

collateral

covered by the agreement in the event of the counterparty’s

default or bankruptcy or insolvency,

resulting in a reduced exposure.

‘Master trust

securitisation programmes’

A securitisation

structure

where a

trust is

set up

for

the purpose

of acquiring

a pool

receivables. The trust issues multiple series of securities backed by these receivables.

‘Material

Risk Takers

(MRTs)’

Categories of

staff

whose professional

activities have

are

deemed to

have

a material

impact on

Barclays’

risk

profile,

determined

accordance

with

the

European

Banking

Authority

regulatory

technical

standard

the

identification of such staff.

‘Medium-Term

Notes’

Corporate

notes

(or

debt

securities)

continuously

offered

company

investors

through

dealer.

Investors

can

choose from

differing

maturities,

ranging

from

nine months

30 years.

They can

be issued

on a

fixed

floating

coupon

basis or

with

exotic

coupon;

with

fixed

maturity

date

(non-callable)

with

embedded

call

put options

early

repayment triggers. MTNs are most generally issued as senior,

unsecured debt.

‘Methodology

and

policy’

the

context

the

Capital

Risk

section,

the

effect

RWAs

methodology

changes driven

regulatory policy changes.

‘MiFID II’

The Markets in Financial Instruments

Directive 2004/39/EC (known as

"MiFID" I) as subsequently amended to

MiFID II is a

European

Union law

that

provides

harmonised regulation

for

investment

services across

the 31

member states

the European

Economic Area.

‘Minimum requirement for

own funds and eligible liabilities

(MREL)’

A European Union wide requirement

under the Bank Recovery

and Resolution

Directive

for

all

European

banks

and investment

banks

hold a

minimum

level

equity and/or

loss

absorbing

eligible

liabilities

ensure

the

operation

the

bail-in

tool

absorb

losses

and

recapitalise

institution

resolution.

institution’s

MREL

requirement

set

its

resolution

authority.

Amendments

the

Risk

Reduction

Measure

package

are

designed to align MREL and TLAC for EU G-SIBs.

‘Model risk’

The risk of

the potential adverse

consequences from

financial assessments or

decisions based on

incorrect or misused

model outputs and reports.

‘Model updates’

In the

context

of the

Capital Risk

section, changes

in RWAs

caused by

model implementation,

changes in

model

scope or any changes required to address model malfunctions.

‘Model validation’

Process through

which models

are independently

challenged, tested

and verified

to prove

that they

have been

built, implemented and used correctly,

and that they continue to be fit-for-purpose.

‘Modelled—VaR’

In the context of

RWAs, Market

risk calculated using value

at risk models laid

down by the CRR

and supervised by

the PRA.

‘Money market funds’

Investment funds typically invested in short-term

debt securities.

‘Monoline derivatives’

Derivatives with a monoline insurer such as credit default swaps

referencing the underlying exposures held.

‘Moody’s’

A credit rating agency.

‘Mortgage Servicing Rights (MSR)’

A contractual agreement

in which the right to

service an existing mortgage

is sold by the original

lender to another party that specialises in the various functions involved with servicing mortgages.

‘Multilateral

development

banks’

Financial institutions

created

for

the purposes

development,

where

membership transcends

national boundaries.

‘National discretion’

Discretions in

CRD given to

member states

to allow the

local regulator

additional powers in

the application of

certain CRD rules in its jurisdiction.

‘Net

asset

value

per

share’

Calculated

dividing

shareholders’

equity,

excluding

non-controlling

interests

and

other

equity

instruments, by the number of issued ordinary shares.

‘Net interest income (NII)’

The difference between interest income

on assets and interest expense on liabilities.

‘Net interest margin (NIM)’

Annualised net interest income divided by the sum of average

customer assets.

‘Net investment

income’

Changes in

the fair

value of

financial instruments

designated at

fair

value, dividend

income and

the net

result on disposal of available for sale assets.

Glossary of Terms

Barclays PLC

‘Net Stable

Funding

Ratio

(NSFR)’

The ratio

available

stable

funding

required

stable

funding

over

a one

year

time

horizon,

assuming a

stressed

scenario. The

ratio

is required

to be

over 100%.

Available stable

funding would

include such

items as

equity

capital, preferred

stock with

a maturity

of over

1 year,

or liabilities

with a

maturity of

over 1

year.

The required

amount of

stable

funding is

calculated

the

sum

the value

the assets

held

and

funded

the institution,

multiplied

specific required

stable funding (RSF) factor

assigned to each particular asset type, added to

the amount of potential liquidity exposure

multiplied by

its associated RSF factor.

‘Net trading income’

Gains and losses

arising from trading

positions which are

held at fair

value, in respect

of both market

-making

and customer business, together with interest, dividends and funding costs relating

to trading activities.

‘Net write-off

rate’

Expressed as

a percentage

and represents

balances written

off in

the reporting

period less

any post

write-off

recoveries divided by gross loans and advances held at amortised cost at

the balance sheet date.

‘Net written credit

protection’

In the context

of leverage

exposure, the net

notional value of

credit derivatives

protection sold and

credit derivatives protection bought.

‘New

bookings’

The

total

the

original

balance on

accounts

opened

the

reporting

period,

including

any

applicable

fees

and

charges included in the loan amount.

‘Non-asset backed

debt instruments’

Debt

instruments

not backed

by collateral,

including government

bonds; US

agency

bonds;

corporate bonds; commercial paper; certificates of deposit; co

nvertible bonds; corporate bonds and issued notes.

‘Non-model method (NMM)’

In the context of RWAs,

Counterparty credit risk, RWAs

where the exposure amount has

been derived

through the use of CRR norms, as opposed to an internal model.

‘Non-Traded Market

Risk’

The risk that the current or

future exposure in the

banking book (i.e. non-traded book) will

impact bank's

capital and/or earnings due to adverse movements in Interest

or foreign exchange rates.

‘Non-Traded

VaR’

Reflects the

volatility in the

value of

the fair

value through

other comprehensive

income (FVOCI)

investments in

the liquidity

pool which

flow directly

through capital

via the

FVOCI

reserve. The

underlying methodology

to calculate

non-traded

VaR is

similar to Traded

Management VaR,

but the two measures

are not directly comparable.

The Non-Traded

VaR represents

the

volatility to capital driven by the FVOCI exposures.

These exposures are in the banking book and do not meet the criteria for

trading

book treatment.

‘Notch’

A single unit of measurement in a credit rating scale.

‘Notional amount’

The nominal

or face

amount of

a financial

instrument, such

as a

loan or

a derivative,

that is

used to

calculate

payments made on that instrument.

‘Open Banking’

The Payment

Services Directive

(PSD2) and

the Open

API standards

and data

sharing remedy

imposed by

the UK

Competition and Markets Authority following its Retail Banking Market

Investigation Order.

‘Operating leverage’

Operating expenses compared to total income less credit

impairment charges and other provisions.

‘Operational

risk’

The risk

loss to

the bank

from

inadequate or

failed

processes or

systems,

human factors

due to

external

events (for example, fraud) where the root

cause is not due to credit or market risks.

‘Operational Riskdata

eXchange (ORX)’

The Operational Riskdata

eXchange Association (ORX) is a not-for

-profit industry association

dedicated to advancing the measurement and management of operation

al risk in the global financial services industry.

Barclays is a

member of ORX.

‘Origination led’

Focus on high margin, low capital fee based activities and related hedging opportunities.

‘OSII’

Other

systemically

important

institutions

are

institutions

that

are

deemed

create

risk

financial

stability

due

their

systemic importance.

‘Over-the-counter

(OTC)

derivatives’

Derivative contracts

that are

traded (and

privately

negotiated) directly

between two

parties.

They offer flexibility because, unlike standardised

exchange-traded products, they can be tailored to

fit specific needs.

‘Overall

capital

requirement’

The

overall

capital

requirement

the

sum

capital

required

meet

the

total

Pillar

requirement, a Pillar

2A requirement, a

Global Systemically Important

Institution (G-SII) buffer,

a Capital Conservation

Buffer (CCB)

and a Countercyclical Capital Buffer (CCyB).

‘Own credit’

The effect of changes in the Barclays Group’s

own credit standing on the fair value of financial liabilities.

‘Owner occupied mortgage’

A mortgage where the intention of the customer was to

occupy the property at origination.

‘Own funds’

The sum of Tier 1 and Tier 2 capital.

‘Past due items’

Refers to loans where the borrower

has failed to make a payment when due under the terms of the loan contract.

‘Payment Protection Insurance

(PPI) redress’

Provision for the settlement

of PPI miss-selling claims and related

claims management

costs.

Glossary of Terms

Barclays PLC

‘Pension

Risk’

The

risk

the

Barclays

Group’s

earnings

and

capital

being

adversely

impacted

the

Barclays

Group’s

defined

benefit obligations increasing or the value of the assets backing these defined benefit obligations

decreasing due to changes in both

the level and volatility of prices.

‘Performance

costs’

The

accounting

charge

recognised

the

period

for

performance

awards.

For

deferred

incentives

and

long-

term incentives, the accounting charge is spread over the relevant

periods in which the employee delivers service.

‘Personal Banking’

Offers retail advice, products and services to community

and premier customers in the UK.

‘Period

end allocated

tangible

equity’

Allocated

tangible

equity is

calculated

13.0%

(2018: 13.0%)

RWAs

for

each business,

adjusted for capital deductions,

excluding goodwill and intangible

assets, reflecting assumptions the Barclays

Group uses for capital

planning

purposes.

Head

Office

allocated

tangible

equity

represents

the

difference

between

the

Barclays

Group’s

tangible

shareholders’ equity and the amounts allocated to businesses.

‘Pillar

requirements’

The

minimum

regulatory

capital

requirements

meet

the

sum

credit

(including

counterparty

credit),

market and operational risk.

‘Pillar 2A requirements’

The additional regulatory

capital requirement

to meet risks

not captured

under Pillar 1 requirements.

This

requirement

the

outcome

the

bank’s

Internal

Capital

Adequacy

Assessment

Process

(ICAAP)

and

the

complementary

supervisory review and evaluation carried out by the PRA.

‘Post-model

adjustment

(PMA)’

the

context

Basel

models,

PMA

short

term

increase

regulatory

capital

applied

portfolio

level to

account

for

model input

data

deficiencies, inadequate

model performance

changes to

regulatory

definitions

(e.g. definition of default) to ensure the model output is accurate, complete

and appropriate.

‘Potential Future

Exposure (PFE)

on Derivatives’

A regulatory

calculation in

respect of

the Barclays

Group’s

potential future

credit

exposure on

both exchange

traded and

OTC

derivative contracts,

calculated by

assigning a standardised

percentage (based

on the

underlying risk category and residual trade maturity) to the gross notional value of each contract.

‘PRA

waivers’

PRA

approvals

that

specifically

give

permission

the

bank

either

modify

waive

existing

rules.

Waivers

are

specific to an organisation and require applications being submitted

to and approved by the PRA.

‘Primary securitisations’

The issuance of securities (bonds and commercial papers) for fund-raising.

‘Primary

Stress

Tests’

the

context

Traded

Market

Risk,

Stress

Testing

provides

estimate

potentially

significant

future

losses that might

arise from

extreme market

moves or

scenarios. Primary Stress

Tests

apply stress

moves to

key liquid

risk factors

for each of the major trading asset classes.

‘Prime Services’

Involves financing

of fixed income

and equity positions

using Repo

and stock

lending facilities.

The Prime

Services

business also provides

brokerage

facilitation services

for hedge fund

clients offering

execution and

clearance facilities

for a variety

of asset classes.

‘Principal’

In the

context

of a

loan, the

amount borrowed,

or the

part of

the amount

borrowed

which remains

unpaid (excluding

interest).

‘Principal Investments’

Private equity investments.

‘Principal

Risks’

The

principal

risks

affecting

the

Barclays

Group

described

the

risk

review

section

the

Barclays

PLC

Annual

Report.

‘Private equity

investments’

Investments in

equity securities in

operating companies

not quoted on

a public exchange.

Investment

in private equity often involves

the investment of capital

in private companies or

the acquisition of a public company

that results in

the

delisting

public

equity.

Capital

for

private

equity

investment

raised

by retail

institutional

investors

and used

fund

investment strategies such as leveraged

buyouts, venture capital, growth capital, distressed

investments and mezzanine capital.

‘Probability of

Default (PD)’

The likelihood

that a

loan will

not be

repaid and

will fall

into default.

PD may

be calculated

for each

client

who

has

loan

(normally

applicable

wholesale

customers/clients)

for

portfolio

clients

with

similar

attributes

(normally

applicable

retail

customers).

calculate

PD,

Barclays

assesses

the

credit

quality

borrowers

and

other

counterparties and assigns them an internal risk rating.

Multiple rating methodologies may be used to inform

the rating decision on

individual large

credits, such

as internal

and external

models, rating

agency ratings,

and for

wholesale assets

market

information

such as credit spreads. For smaller credits, a single source may suffice such as the result from

an internal rating model.

‘Product structural

hedge’

An interest

rate hedge

in place to

reduce earnings

volatility on

product balances

with an

instant access

(such as non-interest bearing current accounts and managed rate

deposits) and to smoothen the income over a medium/long term.

‘Properties in Possession

held as ’Loans

and Advances to

Customers’’

Properties in the

UK and Italy

where the customer

continues

retain

legal

title

but

where

the

bank

has

enforced

the

possession

order

part

the

foreclosure

process

allow

for

the

disposal of the asset or the court has ordered the auction of the property.

‘Properties in Possession

held as ‘Other

Real Estate

Owned’’

Properties in South

Africa, where

the bank has

taken legal

ownership

the title

as a

result of

purchase

an auction

similar and

treated

as ‘Other

Real

Estate

Owned’ within

other

assets on

the

bank’s balance sheet.

Glossary of Terms

Barclays PLC

‘Proprietary trading’

When a bank, brokerage

or other financial institution trades on

its own account, at its own

risk, rather than on

behalf of customers, so as to make a profit for

itself.

‘Prudential Regulation

Authority (PRA)’

The statutory

body responsible

for the

prudential supervision

of banks,

building societies,

insurers and a small number of significant investment banks in the

UK. The PRA is a subsidiary of the Bank of England.

‘Prudential valuation adjustment

(PVA)’

A calculation which adjusts the

accounting values of

positions held on balance sheet

at fair

value to comply with regulatory valuation

standards, which place greater emphasis

on the inherent uncertainty around the

value at

which a trading book position could be exited.

‘Public benchmark’

Unsecured medium term notes issued in public syndicated transactions.

‘Qualifying central bank claims’

An amount calculated in line with

the PRA policy statement allowing

banks to exclude claims on

the

central bank from

the calculation of

the leverage exposure

measure, as long

as these are matched

by deposits denominated in

the

same currency and of identical or longer maturity.

‘Qualifying

Revolving

Retail

Exposure

(QRRE)’

the

context

the

IRB

approach

credit

risk

RWA

calculations,

exposure

meeting the criteria set out in BIPRU 4.6.42 R (2). It includes most types of credit card exposure.

‘Rates’

In the

context

of Investment

Bank income

analysis, trading

revenue relating

to government

bonds and

linear interest

rate

derivatives.

‘Re-aging’

The

returning

delinquent

account

up-to-date

status

without

collecting

the

full

arrears

(principal,

interest

and

fees).

‘Real

Estate

Mortgage

Investment

Conduits

(REMICs)’

An entity

that

holds

fixed

pool

mortgages

and

that

separated

into

multiple classes of interests for issuance to investors.

‘Recovery

book’

Represents

the total

amount of

exposure

which

has been

transferred

to recovery

units who

set and

implement

strategies to recover the Group’s

exposure.

‘Recovery

book Impairment

Coverage Ratio’

Impairment allowance

held against

recoveries balances

expressed as

a percentage

balance in recoveries.

‘Recovery book

proportion of

outstanding balances’

Represents the

amount of

recoveries (gross

month-end customer

balances of

all accounts

that have

charged-off) as

at the

period end

compared to

total outstanding

balances. The

size of

the recoveries

book

would ultimately

have an

impact on

the overall

impairment requirement

on the

portfolio. Balances

in recoveries

will decrease

if:

assets are written-off; amounts are collected; or assets are

sold to a third party (i.e. debt sale).

‘Regulatory capital’

The amount of capital that a bank holds to satisfy regulatory requirements.

‘Renegotiated

loans’

Loans

are

generally

renegotiated

either

part

ongoing

customer

relationship

response

adverse change in

the circumstances of

the borrower.

In the latter

case renegotiation can

result in an

extension of the

due date of

payment

repayment

plans

under

which

the

Barclays

Group

offers

concessionary

rate

interest

genuinely

distressed

borrowers. This will result in the

asset continuing to be overdue and

will be individually impaired where the renegotiated

payments

of interest

and principal will

not recover

the original carrying

amount of

the asset. In

other cases, renegotiation

will lead to

a new

agreement, which is treated as a new loan.

‘Repurchase agreement

(Repo)’

/ ‘Reverse

repurchase agreement

(Reverse

repo)’

Arrangements

that allow

counterparties

to use

financial securities

as collateral

for an

interest bearing

cash loan.

The borrower

agrees to

sell a

security to

the lender subject

to a

commitment

repurchase

the

asset

specified

price

given

date.

For

the

party

selling

the

security

(and

agreeing

repurchase it in

the future) it

is a Repurchase

agreement or Repo;

for the counterparty

to the transaction

(buying the security and

agreeing to sell in the future) it is a Reverse repurchase agreement

or Reverse repo.

‘Reputation

risk’

The risk

that an

action,

transaction,

investment

event

will reduce

trust

in the

Barclays

Group’s

integrity

and

competence by clients, counterparties, investors,

regulators, employees or the public.

‘Re-securitisations’

The

repackaging

Securitised

Products

into

securities.

The

resulting

securities

are

therefore

securitisation

positions where the underlying assets are also predominantly securitisation positions.

‘Reserve

Capital

Instruments

(RCIs)’

Hybrid

issued

capital

securities

which

may

debt

equity

accounted,

depending

the

terms.

‘Residential Mortgage-Backed Securities (RMBS)’

Securities that represent interests in

a group of residential mortgages. Investors

these securities have the right to cash received from future mortgage

payments (interest and/or principal).

‘Residual maturity’

The remaining contractual term of a credit obligation associated

with a credit exposure.

‘Restructured loans’

Comprises loans where, for economic or legal reasons related

to the debtor’s financial difficulties, a concession

has been granted

to the debtor

that would

not otherwise be

considered. Where

the concession results

in the expected

cash flows

discounted at the original effective interest

rate being less than the loan’s

carrying value, an impairment allowance will be raised.

Glossary of Terms

Barclays PLC

‘Retail Loans’

Loans to individuals or

small and medium sized

enterprises rather than

to financial institutions and

larger businesses.

includes

both

secured

and

unsecured

loans

such

mortgages

and

credit

card

balances,

well

loans

certain

smaller

business customers, typically with exposures up to £3m or with a turnover up to £5m.

‘Return on average Risk Weighted

Assets’

Statutory profit after tax as a proportion of average

RWAs.

‘Return on

average

tangible shareholders’

equity’ (RoTE)

Annualised

profit after

tax attributable

to ordinary

equity holders

of the

parent, as

a proportion

of average

shareholders’ equity

excluding non-controlling

interests and

other equity

instruments adjusted

for the deduction of intangible assets and goodwill.

‘Return on average

allocated tangible

equity’ Annualised

profit after

tax attributable

to ordinary equity

holders of the

parent, as

proportion of average allocated tangible equity.

‘Risk

appetite’

The

level

risk

that

Barclays

prepared

whilst

pursuing

its

business

strategy,

recognising

range

possible outcomes as business plans are implemented.

‘Risk weighted

assets (RWAs)’

A measure

of a

bank’s

assets adjusted

for

their associated

risks. Risk

weightings are

established

accordance with the Basel rules as implemented by CRR and local regulators.

‘Risks

not

VaR

(RNIVS)’

Refers

all

the key

market

risks

which

are

not

captured

not

well

captured

within

the

VaR

model

framework.

‘Sarbanes-Oxley

requirements’

The

Sarbanes-Oxley

Act

2002

(SOX),

which

was

introduced

the

Government

safeguard

against corporate governance scandals such as Enron,

WorldCom and Tyco.

All US-listed companies must comply with SOX.

‘Second Lien’

Debt that is

issued against the

same collateral

as higher lien

debt but that

is subordinate

to it. In

the case of

default,

compensation for

this debt will

only be

received after

the first

lien has

been repaid

and thus

represents a

riskier investment

than

the first lien.

‘Secondary Stress Tests’

Secondary stress tests

are used in

measuring potential losses

arising from illiquid

market risks

that cannot

be hedged or reduced within the time period covered in Primary Stress Tests.

‘Secured Overnight Financing Rate

(SOFR)’

A broad measure of

the cost of

borrowing cash overnight

collateralized by

U.S. Treasury

securities in the repurchase agreement (repo) market.

‘Securities

Financing

Transactions

(SFT)’

the

context

RWAs,

any

the

following

transactions:

repurchase

transaction,

securities or commodities

lending or

borrowing transaction,

or a margin

lending transaction

whereby cash

collateral is

received or

paid in respect of the transfer of a related asset.

‘Securities

financing

transactions

adjustments’

the

context

leverage

ratio,

regulatory

add-on

calculated

exposure

less

collateral, taking into account master

netting agreements.

‘Securities lending arrangements’

Arrangements whereby securities

are legally transferred

to a third party

subject to an agreement

return

them at

future

date.

The

counterparty

generally

provides

collateral

against

non

performance

the form

cash or

other assets.

‘Securitisation’

Typically,

a process by which debt

instruments such as mortgage

loans or credit card balances

are aggregated into

pool, which

is used

to back

new securities.

A company

sells assets

to a

special purpose

vehicle (SPV)

which then

issues securities

backed by the assets. This allows

the credit quality of the assets to

be separated from the credit

rating of the original borrower

and

transfers risk to external investors.

‘Set-off clauses’

In the context

of Counterparty credit

risk, contract

clauses that allow

Barclays to

set off

amounts owed to

us by a

counterparty against amounts owed by us to the counterparty.

‘Settlement

balances’

Are

receivables

payables

recorded

between

the date

(the

trade

date)

financial

instrument

(such

bond) is sold,

purchased or

otherwise closed out,

and the date

the asset

is delivered

by or

to the entity

(the settlement

date) and

cash is received or paid.

‘Settlement risk’

The risk that settlement in a transfer

system will not take

place as expected, usually owing to

a party defaulting on

one or more settlement obligations.

‘Significant

Increase

Credit

Risk

(SICR)’

Barclays

assesses

when

significant

increase

credit

risk

has

occurred

based

quantitative and qualitative assessments.

‘Slotting’

Slotting is

a Basel 2

approach that

requires a

standard set

of rules

to be

used in the

calculation of

RWAs, based

upon an

assessment

factors

such

the

financial

strength

the

counterparty.

The

requirements

for

the

application

the

Slotting

approach are detailed in BIPRU 4.5.

‘Sovereign exposure(s)’

Exposures to central governments, including holdings in government

bonds and local government bonds.

‘Specific market

risk’

A risk

that is

due to

the individual

nature of

an asset

and can

potentially be

diversified or

the risk

of a

price

change in an investment due to factors

related to the issuer or,

in the case of a derivative, the issuer of the underlying investment.

Glossary of Terms

Barclays PLC

‘Spread risk’

Measures the

impact

of changes

to the

swap spread,

i.e. the

difference

between swap

rates

and government

bond

yields.

‘SRB ALRB’

The systemic risk buffer (SRB) additional leverage

ratio buffer (ALRB) is firm specific requirement

set by the PRA using its

powers under section 55M

of the Financial Services and

Markets Act (2000).

Barclays is required

to hold an amount

of CET1 capital

that is equal to or greater than its ALRB.

‘Stage 1’

This represents financial

instruments where the credit

risk of the financial instrument

has not increased significantly

since

initial recognition. Stage 1 financial instruments are required to

recognise a 12 month expected credit loss allowance.

‘Stage

2’

This

represents

financial

instruments

where

the

credit

risk

the

financial

instrument

has

increased

significantly

since

initial recognition. Stage 2 financial instruments are required to

recognise a lifetime expected credit loss allowance.

‘Stage 3’

This represents financial

instruments where the financial

instrument is considered impaired.

Stage 3 financial instruments

are required to recognise a lifetime expected credit

loss allowance.

‘Standard & Poor’s’

A credit rating agency.

‘Standby

facilities,

credit

lines

and

other

commitments’

Agreements

lend

customer

the

future,

subject

certain

conditions. Such

commitments are

either made

for a

fixed

period, or

have

no specific

maturity but

are cancellable

by the

lender

subject to notice requirements.

‘Statutory’

Line items

of income,

expense, profit

or loss,

assets, liabilities or

equity stated

in accordance

with the

requirements of

the UK Companies Act 2006 and the requirements of International Financial Reporting Standards (IFRS).

‘Statutory return on average

shareholders’ equity’

Statutory profit after tax

attributable to ordinary shareholders as a

proportion of

average shareholders’ equity.

‘STD’ / ‘Standardised Approach’

A method of calculating RWAs

that relies on a mandatory

framework set by the regulator

to derive

risk weights based on counterparty type and a credit rating provided by an External

Credit Assessment Institute.

‘Sterling Over

Night Index

Average

(SONIA)’

Reflects bank

and building

societies’ wholesale

overnight funding

rates in

the sterling

unsecured market administrated and calculated

by the Bank of England.

‘Stress Testing’

A process

which involves

identifying possible

future adverse

events or

changes in

economic conditions

that could

have

unfavourable

effects

the

Barclays

Group

(either

financial

non-financial),

assessing

the

Barclays

Group’s

ability

withstand such changes, and identifying management actions to mitigate the impact.

‘Stressed

Value

Risk

(SVaR)’

estimate

the

potential

loss

arising

from

12-month

period

significant

financial

stress

calibrated to 99% confidence level over a 10-day

holding period.

‘Structured entity’

An entity in which voting or similar

rights are not the dominant factor

in deciding control. Structured

entities are

generally created to achieve a narrow

and well defined objective with restrictions around their ongoing activities.

‘Structural

hedge’

‘hedging’

interest

rate

hedge

place

reduce

earnings

volatility

and

smoothen

the

income

over

medium/long term

on positions

that exist

within the

balance sheet

and do

not re-price

in line

with market

rates. See

also ‘Equity

structural hedge’ and ‘Product structural hedge’.

‘Structural model of

default’

A model based on

the assumption that

an obligor will

default when its

assets are insufficient

to cover

its liabilities.

‘Structured credit’

Includes legacy

structured

credit

portfolio primarily

comprising

derivative

exposure

and financing

exposure

structured credit vehicles.

‘Structured finance/notes’

A structured note is an investment

tool that pays a return

linked to the value or

level of a specified asset

or index

and sometimes

offers

capital

protection

if the

value

declines. Structured

notes can

be linked

to equities,

interest

rates,

funds, commodities and foreign currency.

‘Sub-prime’

Sub-prime

defined

loans

borrowers

typically

having

weakened

credit

histories

that

include

payment

delinquencies

and

potentially

severe

problems

such as

court

judgments

and

bankruptcies.

They

may

also

display

reduced

repayment capacity as measured by credit scores, high debt-to-income

ratios, or other criteria indicating heightened risk of default.

‘Subordinated liabilities’

Liabilities which,

in the

event of

insolvency or

liquidation of

the issuer,

are subordinated

to the

claims of

depositors and other creditors of the issuer.

‘Supranational bonds’

Bonds issued

by an

international organisation,

where membership

transcends national

boundaries (e.g.

the

European Union or World Trade

Organisation).

‘Synthetic Securitisation Transactions’

Securitisation transactions effected through the use of derivatives.

‘Systemic

Risk

Buffer’

CET1

capital

that

may

be required

be held

part

the Combined

Buffer

Requirement

increasing

the

capacity of UK banks to absorb stress and limiting the damage to the economy as a result of

restricted lending.

Glossary of Terms

Barclays PLC

‘Tangible net

asset value’

Shareholders’ equity

excluding

non-controlling

interests

adjusted for

the deduction

of intangible

assets

and goodwill.

‘Tangible

net

asset

value

per

(TNAV)’

Calculated

dividing

shareholders’

equity,

excluding

non-controlling

interests

and

other equity instruments, less goodwill and intangible assets, by the number of issued ordinary shares.

‘Tangible shareholders’

equity’

Shareholders’ equity

excluding non-controlling

interests and

other equity

instruments adjusted

for

the deduction of intangible assets and goodwill.

‘Term premium’

Additional interest required by investors

to hold assets with a longer period to maturity.

‘The Fundamental Review

of the Trading

Book (FRTB)’

Is a comprehensive

suite of capital

rules developed by

the Basel Committee

on Banking Supervision as part of Basel III applicable to banks’ wholesale trading activities.

‘The Standardised

Approach (TSA)’

Under the

TSA, banks

are required

to hold

regulatory

capital for

operational

risk equal

to the

annual average, calculated over a rolling

three-year period, of the relevant income indicator

(across all business lines), multiplied by

a supervisory defined percentage factor by business lines.

‘The three

lines of

defence’

The

three lines

of defence

operating

model enables

Barclays

to separate

risk management

activities

between those client facing areas

of the Barclays Group

and associated support functions responsible

for identifying risk, operating

within applicable limits

and escalating

risk events

(first line);

colleagues in

Risk and Compliance

who establish

the limits,

rules and

constraints

under which

the first

line operates

and monitors

their performance

against those

limits and

constraints

(second line);

and,

colleagues

Internal

Audit

who

provide

assurance

the

Board

and

Executive

Management

over

the

effectiveness

governance,

risk

management

and

control

over

risks

(third

line).

The

Legal

function

does

not

sit

any

the

three

lines,

but

supports them

all. The

Legal function

is, however,

subject to

oversight

from Risk

and Compliance

with respect

to operational

and

conduct risks.

‘Tier 1 capital’

The sum of the Common Equity Tier 1 capital and Additional Tier 1 capital.

‘Tier 1 capital ratio’

The ratio which expresses Tier 1 capital as a percentage of

RWAs under CRR.

‘Tier 2

(T2)

capita

l’

type of

capital

defined

the CRR

principally

composed

capital

instruments,

subordinated

loans

and

share premium accounts where qualifying conditions have been met.

‘Tier 2 (T2) securities’

Securities that are treated as Tier 2 (T2) capital in the context

of CRR.

‘Total capital ratio’

Total Regulatory

capital as a percentage of RWAs.

‘Total Loss

Absorbing Capacity (TLAC)’

A standard published

by the FSB

which is applicable to

G-SIBs and requires

a G-SIB to

hold a

prescriptive

minimum

level

instruments

and

liabilities

that

should

readily

available

for

bail-in

within

resolution

absorb

losses and recapitalise the institution.

‘Total outstanding balance’

In retail banking,

total outstanding

balance is defined as

the gross month-end

customer balances on

all

accounts including accounts charged off to recoveries.

‘Total

return swap’

An instrument

whereby the seller

of protection

receives the full

return of

the asset, including

both the income

and change in the capital value of the asset. The buyer of the protection in return receives

a predetermined amount.

‘Total balances on forbearance

programmes coverage

ratio’

Impairment allowance held against

Forbearance balances expressed

a percentage of balance in forbearance.

‘Traded Market Risk’

The risk of a reduction to earnings or capital due to volatility of trading book positions.

‘Trading book’

All positions in financial instruments and commodities

held by an institution either with

trading intent, or in order

hedge positions held with trading intent.

‘Traditional

Securitisation Transactions’

Securitisation transactions

in which

an underlying

pool of

assets generates

cash flows

service payments to investors.

‘Transitional’

When a

measure

presented

described as

being

on a

transitional

basis, it

is calculated

accordance

with the

transitional provisions set out in Part Ten

of CRR.

‘Treasury and Capital Risk’

This comprises of Liquidity Risk, Capital Risk and Interest Rate Risk in the Banking Book.

‘Twelve month

expected credit

losses’

The portion

of the

lifetime ECL

arising if

default occurs

within 12

months of

the reporting

date (or shorter period if the expected life is less than 12 months), weighted by the

probability of said default occurring.

‘Twelve month PD’

The likelihood of accounts entering default within 12 months of the reporting date.

‘Unencumbered’

Assets not used to secure liabilities or otherwise pledged.

‘United Kingdom (UK)’

Geographic segment where Barclays operates

comprising the UK. Also see ‘Europe’.

‘UK Bank levy’

A levy that applies

to UK banks, building

societies and the UK

operations of foreign

banks. The levy is

payable based

on a percentage of the chargeable equity and liabilities of the bank on its balance sheet date.

Glossary of Terms

Barclays PLC

‘UK

leverage

exposure’

calculated

per

the

PRA

rulebook,

where

the

exposure

calculation

also

includes

the

FPC’s

recommendation to

allow banks

to exclude

claims on

the central

bank from

the calculation

of the

leverage exposure

measure, as

long as these are matched by deposits denominated in the same currency and of identical or longer maturity.

‘UK

leverage

ratio’

As per

the PRA

rulebook, means

a bank’s

tier 1

capital

divided by

its

total

exposure

measure,

with this

ratio

expressed as a percentage.

‘Unfunded credit

protection’

Is a

technique of

credit risk

mitigation

where the

reduction of

the credit

risk on

the exposure

of an

institution

derives

from

the

obligation

third

party

pay

amount

the

event

the

default

the

borrower

the

occurrence of other specified credit events.

‘US

Partner

Portfolio’

Co-branded

credit

card

programs

with

companies

across

various

sectors

including

travel,

entertainment,

retail and financial sectors.

‘US Residential Mortgages’

Securities that represent interests in a group

of US residential mortgages.

‘Valuation

weighted

Loan

Value

(LTV)

Ratio’

the

context

credit

risk

disclosures

secured

home

loans,

means

calculating marked to market

LTVs

derived by comparing total outstanding

balance and the value of

total collateral we

hold against

these

balances.

Valuation

weighted

loan

value

calculated

using

the

following

formula:

LTV

total

outstandings

portfolio/total property values of total outstandings

in portfolio.

‘Value at Risk

(VaR)’

A measure of the potential

loss of value arising

from unfavourable

market movements at

a specific confidence

level and within a specific timeframe.

‘Weighted

off

balance

sheet

commitments’

Regulatory

add-ons

the

leverage

exposure

measure

based

credit

conversion

factors used in the Standardised Approach to credit

risk.

‘Wholesale loans’ / ‘lending’

Lending to larger businesses, financial institutions and sovereign entities.

‘Write-off (gross)’

The point where

it is determined

that an asset

is irrecoverable,

or it is

no longer considered

economically viable

to try

to recover

the asset

or it

is deemed

immaterial

or full

and final

settlement

is reached

and the

shortfall written

off.

In the

event of write-off,

the customer balance is removed from the balance

sheet and the impairment allowance held against

the asset is

released. Net write-offs represent gross write-offs

less post write-off recoveries.

‘Wrong-way

risk’

Arises,

trading

exposure,

when

there

significant

correlation

between

the

underlying

asset

and

the

counterparty, which in the event

of default would lead to a significant mark to market

loss. When assessing the credit exposure of a

wrong-way

trade,

analysts

take

into

account

the

correlation

between

the

counterparty

and

the

underlying

asset

part

the

sanctioning process.