Statement re Legal Proceeding

Barclays PLC
03 November 2006




                                                                 3 November 2006

                                  BARCLAYS PLC

                        STATEMENT RE: LEGAL PROCEEDINGS


Barclays PLC and Enron Corp. have reached an agreement to settle the litigation
arising from Enron's bankruptcy estate in the U.S. Bankruptcy Court for the
Southern District of New York.

Under the terms of the settlement, which follows similar settlements between
Enron and many of its creditors after the company declared bankruptcy, Barclays
will make a payment of $144 million in cash to Enron to settle all claims
asserted against it by Enron in the litigation and Enron will allow Barclays
claims filed in the bankruptcy totalling $310 million.

Barclays has agreed to a negotiated settlement of the claims in this matter
because this is preferable to the time, expense and unpredictability of
litigation. Barclays believes that it is in the best interests of shareholders
that the litigation is resolved. The resolution reflects Barclays lesser role
relative to others involved in the litigation surrounding Enron's bankruptcy.
The settlement will have no impact on Barclays earnings in 2006 as an adequate
provision had already been made for the likely cost in prior periods.

In reaching the settlement, Barclays has denied any wrong-doing or liability.
The settlement is subject to the approval of the United States Bankruptcy Court
in the Southern District of New York and other conditions.

This action, which was brought by the Enron estate, is a separate action from
the principal class action pending in the federal court in Houston, Texas, from
which Barclays has been dismissed, and the other actions that have been
consolidated and coordinated therewith.


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