Disposal

Barclays PLC
18 June 2007


                                                                  18th June 2007


                                  BARCLAYS PLC

                Barclays and HDFC to sell interest in Intelenet

Barclays Bank PLC ('Barclays') and Housing Development Finance Corporation Ltd
('HDFC') are pleased to announce that they have agreed to sell their entire
shareholding in Intelenet Global Services Pvt Ltd ('Intelenet'), an India-based
business process outsourcing ('BPO') operation, to SKR BPO Services Ltd ('SKR').
SKR is jointly owned by the management of Intelenet and Blackstone GVP Capital
Partners Mauritius V-B Ltd, a member of the Blackstone Capital Partners group, a
leading global private equity investor.

Intelenet provides business processing services to a variety of local and
international customers. Intelenet is a 50/50 joint venture between Barclays and
HDFC which was established in 2004. It has gross assets of US$107 million.

Following the conclusion of the transaction, Intelenet will continue to provide
services to Barclays in relation to certain processes currently offshored to
India. Intelenet has also agreed to assist Barclays in establishing a wholly
owned BPO operation in India which will serve Barclays incremental offshoring
requirements going forward.

David Skillen, Global Operations Principal, Barclays said: 'We are pleased that
we have sold our stake to the Intelenet management. We look forward to working
with them to establish our BPO operation in India and in the continued provision
of services to Barclays.'

Renu S Kamad, Executive Director, HDFC said: 'HDFC launched Intelenet at a time
when the BPO sector was developing rapidly. We are happy to have been associated
with Intelenet in its journey towards growth and leadership in the BPO industry.
The BPO business today needs more focus and we believe that the new arrangement
would provide the right impetus. We see the development as a win-win for all of
us. We wish the management of Intelenet all success.'

                                    - ENDS -

For further information please contact:

Barclays
Investor Relations Media Relations
Mark Merson/James S Johnson              Alistair Smith/Laura Vergani
[phone]/2927                [phone]/8335

HDFC
Mahesh Shah
[phone]


About Barclays
Barclays PLC is a major global financial services provider engaged in retail and
commercial banking, credit cards, investment banking, wealth management and
investment management services. We are one of the largest financial services
companies in the world by market capitalisation. Operating in over 50 countries
and employing 123,000 people, we move, lend, invest and protect money for over
27 million customers and clients worldwide. With over 300 years of history and
expertise in banking, Barclays PLC has six major businesses.

UK Banking delivers banking products and services to over 14 million retail
customers and 780,000 businesses in the UK.

Barclaycard is one of the leading credit card businesses in Europe, and has 9.8
million UK customers and 6.4 million international cards in issue.

Barclays International Retail and Commercial Banking operations have over 2
million international clients, in geographies which currently include France,
Spain, Portugal, Italy, India, Africa and the Middle East. Absa has an
additional 8.3 million retail customers in South Africa.

Barclays Capital, the investment banking division, provides corporate,
institutional and government clients with solutions to their financing and risk
management needs.

Barclays Global Investors is one of the world's largest asset managers and a
leading provider of investment management products and services. Total assets
under management at 31st December 2006 were $1.8 trillion.

Barclays Wealth serves affluent, high net worth and intermediary clients
worldwide, providing private banking, asset management, stockbroking, offshore
banking, wealth structuring and financial planning services. At 31st December
2006, total client assets were £93.0 billion.

About HDFC
Incorporated in 1977, HDFC the pioneer of housing finance in India has assisted
more than 3 million families to own a home of their own, through housing loans
approvals of over Rs.1,450 billion.

HDFC has been described as a model housing finance company for developing
countries with nascent housing finance markets. It has provided technical
assistance in Bangladesh, Sri Lanka and Egypt and has undertaken consultancy
assignments in various countries across Asia, Africa and East Europe.

It has been recognized among India's Best Managed Companies and today has
emerged as a financial conglomerate by promoting a bank, insurance company (for
life and general), an asset management company, a realty company, a credit
bureau, and a real estate venture capital company. The HDFC group has an asset
base of over Rs 1,700 billion and a customer base of over 15 million.

HDFC has a market capitalisation of over USD 11 billion. Foreign Equity Holding
in HDFC is at 80%.

Disclaimer
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 to certain of
Barclays plans and its current goals and expectations relating to its future
financial condition and performance. 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 'aim',
'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal',
'believe', or other words of similar meaning. Examples of forward-looking
statements include, among others, statements regarding Barclays future financial
position, income growth, impairment charges, business strategy, projected levels
of growth in the banking and financial markets, projected costs, estimates of
capital expenditures, and plans and objectives for future operations.

By their nature, forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances, including, but not limited to,
UK domestic and global economic and business conditions, market related risks
such as changes in interest rates and exchange rates, the policies and actions
of governmental and regulatory authorities, changes in legislation, and the
impact of competition - a number of which factors are beyond Barclays control.
As a result, Barclays actual future results may differ materially from the
plans, goals, and expectations set forth in Barclays forward looking statements.
Any forward-looking statements made by or on behalf of Barclays speak only as of
the date they are made. Barclays does not undertake to update forward-looking
statements to reflect any changes in Barclays expectations with regard thereto
or any changes in events, conditions or circumstances on which any such
statement is based. The reader should, however, consult any additional
disclosures that Barclays has made or may make in documents it has filed or may
file with the SEC.



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