FRN Variable Rate Fix

Barclays Bank PLC
                  

Issue Name:                 Barclays Bank Plc £4,000,000 Programme, Series 11
                            £300,000,000 Floating Rate Subordinated Notes due   
                            2012                           
ISIN Code:                  XS00074095679                          
Interest Rate:              5.06%
3 Month Libor Rate:         4.86%
Interest Period:            13-Dec-04 to 14-Mar-05

Period 1:                   13-Dec-2004 to 31-Dec-04
Calculation Basis:          A/366
Days in Period:             19
Rate per GBP 10,000:        26.27
Rate per GBP 100,000:       262.68

Period 2:                   01-Jan-05 to 14-Mar-05
Calculation Basis:          A/365
Days in Period:             72
Rate per GBP 10,000:        99.81
Rate per GBP 100,000:       998.14

Interest Payment Date:      14-Mar-05
Rate per GBP 10,000.00:     126.08
Rate per GBP 100,000.00:    1260.82