News Releases

Singapore – Barclays Capital, the investment banking division of Barclays Bank PLC and a leading provider of retail structured products globally, has launched the Global Stimulus Fund in Singapore.

The Fund aims to provide long-term capital appreciation by investing in a diversified pool of exchange traded funds (“ETFs”) comprising the Global Stimulus Portfolio (“Portfolio”). The selected ETFs represent sectors and/or markets that are expected to appreciate in the long-term, including as a result of economic policies of governments globally.

Following the financial crisis, governments around the world have introduced large fiscal stimulus packages to aid in the recovery of the global economy. These packages include tax cuts and investments in various sectors to encourage continued workforce employment and consumer spending.

The Global Stimulus Fund’s investors have the potential opportunity to participate in the global recovery story. Barclays Capital estimates that global growth approached 4% in Q3 2009 and forecasts 4%-plus growth to be sustained in Q4 2009 and Q1 2010. This would represent one of the fastest periods of sustained growth in the past two decades.

The Fund’s broad coverage of ETFs under various sectors will provide investors with diversified portfolio risk and the advantages of continuous liquidity and transparency in pricing.

Indicative initial weights of sectors and/ or markets in the Portfolio

Sector / Market	Initial Weight
Infrastructure	19%
Financials	19%
Health Care	19%
Energy	19%
Asia	19%
Gold	5%
TOTAL	100%

Commenting on the launch of the Fund, Yongsheng Tan, Barclays Capital’s Director of Investor Solutions in Singapore said, “This fund will enable investors to gain exposure to the global recovery story via ETFs."

The Fund is available to investors in SGD, USD and AUD classes. The Initial Offer Period of the Fund in the SGD, USD and AUD classes is from 5 October 2009 to 13 November 2009, with an Initial Issue Price of SGD1.00, USD1.00 and AUD1.00, respectively. The Minimum Initial Investment is SGD1,000, USD1,000 and AUD1,000, respectively. The Fund is being distributed in Singapore through Citibank.

Barclays Capital is a recognised global leader in structured products and derivatives, having been named the Commodity and Energy Derivatives House of the Year consecutively for two years in 2008 and 2009 by RISK and Best Structured Products House 2008 by Euromoney.

Regionally, Barclays Capital won the coveted Wealth Management House of the Year 2009 in the AsiaRisk awards. In the FinanceAsia Structured Product Awards 2009 the firm was named Best FX House (also in 2008) and picked up the Best Commodities Structured Product Award and in The Asset Asian Awards 2008 Barclays Capital won Best Structured Products House: Retail and the Best Commodities Structured Product award.

ENDS

For further information please contact:

Jonathan Williams, Barclays Capital Communications
Tel: +65 6308 3490

Notes to editors:

About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs 20,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.
Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.