Rule 8 - Barclays PLC

Barclays PLC
26 September 2000


                                  Date of Disclosure    26/09/00

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing       25/09/00

Dealing in     Barclays PLC     (name of company)

1)  Class of securities (eg ordinary shares)  Ordinary shares

2)  Amount bought                Amount sold             Price per unit

          1,551                   11,166                 See below

Dealings executed by Barclays Stockbrokers Limited on behalf of Barclays Bank
Trust Company Limited's discretionary clients.

3)  Resultant total of the same class owned or controlled 
    (and percentage of class)          7,282,222        (0.49%)


4) Party making disclosure     Offeror - Barclays PLC


5)  EITHER (a) Name of purchaser/vendor (Note 1)    
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation

        Barclays Stockbrokers Limited/Barclays Bank Trust Company Limited

6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                       YES
                    (ii) offeree company                        NO

Specify which category or categories of associate (1-8 overleaf)Category 1 
                                                                associate 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  NO

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)             S Waine

Telephone and extension number             0207 699 4018


BARCLAYS ORD GBP1                       QUANTITY       PRICE

25/09/2000   Discretionary   Purchase       54         17.915
                             Total          54


Dealt       Discretionary    Buy/Sell  Quantity    Price    Stock

25-Sep-00   Discretionary    B              102    17.9375  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B              217    17.89    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B              106    17.89    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               85    17.885   BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               71    17.9     BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               80    17.86    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               74    17.875   BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B              120    17.87    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               82    17.9025  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B              366    17.885   BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B              111    17.97    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    B               83    17.82    BARCLAYS ORD GBP1

                             TOTAL        1,497

25-Sep-00   Discretionary    S
25-Sep-00   Discretionary    S            2,100    17.9125  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S            1,814    17.8875  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S            1,814    17.8875  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S              306    17.88    BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S              464    17.875   BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S            1,180    17.8875  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S               81    17.895   BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S            3,010    18.0025  BARCLAYS ORD GBP1
25-Sep-00   Discretionary    S              397    17.7325  BARCLAYS ORD GBP1
                             TOTAL       11,166 

Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026