Barclays PLC
11 March 2002
11 March 2002
Notification of directors' interests: Companies Act 1985 s.329
1. The trustee of the Barclays Qualifying Employee Share Ownership Trust
(the 'Quest') notified the Company on 8 March 2002 that it subscribed for a
total of 35,370 Barclays PLC ordinary shares on 8 March 2002 at a price of 2190p
per share. Following this transaction, the trustee of the Quest held a total of
35,370 Barclays PLC ordinary shares in which the following directors of Barclays
PLC had an interest as potential beneficiaries: Sir Peter Middleton, Mr M W
Barrett, Mr C J Lendrum, Mr J M Stewart and Mr J S Varley. (The Quest is a
trust which distributes shares to employees of the Barclays Group on the
exercise of options granted under the Barclays PLC 1991 SAYE Share Option
Scheme, the Barclays Group SAYE Share Option Scheme and the Woolwich plc
Sharesave Scheme (the 'Schemes')).
The trustee of the Quest also notified the Company on 8 March 2002 that it had
transferred 35,370 Barclays PLC ordinary shares on 8 March 2002 to participants
in the Schemes following the exercise of their options. Following this
transaction, each of the directors listed above ceased to have an interest in
such shares.
2. The independent trustee of the Barclays Group (ESAS) Employees' Benefit
Trust, (the 'trust') notified the Company on 11 March 2002 that it had between 1
March and 8 March 2002 exercised its discretion and released 191,463 ordinary
shares in Barclays PLC at prices ranging from 2011p to 2214p to participants in
the Executive Share Award Scheme ('ESAS'). The participants to whom shares were
released are not directors of Barclays PLC.
Following these transactions, the trustees of all the Barclays Group employees'
benefit trusts hold a total of 14,521,152 ordinary shares in Barclays PLC. Sir
Peter Middleton, Mr M W Barrett, Sir Andrew Large, Mr C J Lendrum, Mr J M
Stewart and Mr J S Varley, directors of Barclays PLC, are amongst the potential
beneficiaries under these trusts and are therefore regarded for Companies Act
purposes as being interested in the Barclays PLC ordinary shares held in them.
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