Corporate Action

Woolwich PLC
24 October 2000

SCHEME OF ARRANGEMENT 
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *WWH
SEDOL CODE              *975-506
NOTES *The scheme will now be implemented as a cancellation scheme and Woolwich
will seek a High Court sanction at hearings on 24th and 25th October.  The
scheme is now expected to become effective on 25th or 26th October.  Dealings in
resulting Barclays shares are expected to commence on the following day.  The
provisional scheme ex date of 25-10-00 has been withdrawn.