Statement re Enron

Barclays PLC 20 March 2007 20th March 2007 BARCLAYS PLC In the Enron class action litigation that has been pending against Barclays in Houston since 2002 (commonly known as the Newby litigation), The United States Court of Appeals for the 5th Circuit yesterday issued an order reversing the district court's ruling that the case against Barclays and two other financial institutions could properly proceed. The Court of Appeals held that because no proper claim against Barclays and the others had been alleged by the plaintiffs, the case could not proceed against them. The plaintiffs have said they will likely seek further appellate review of this decision, including by the United States Supreme Court. - ENDS - Contacts: Media Enquiries Investor Enquiries Stephen Whitehead/Alistair Smith Mark Merson/James S Johnson Tel: +44 (0) 20 7116 6060/6132 Tel: +44 (0) 20 7116 5752/2927 About Barclays Barclays Bank 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. With over 300 years of history and expertise in banking, Barclays operates in over 60 countries and employs around 120,000 people, we move, lend, invest and protect money for over 25 million customers and clients worldwide. For further information about Barclays PLC please visit our website www.barclays.com. 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 to certain of Barclays plans and its current goals and expectations relating to its future financial condition and performance, in particular with respect to Barclays Capital. 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, global as well as US 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. This information is provided by RNS The company news service from the London Stock Exchange

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