Notice to Covered Bondholders

BARCLAYS BANK UK PLC

1 Churchill Place

London E14 5HP

( the Issuer)

€35,000,000,000 Global Covered Bond Programme

unconditionally and irrevocably guaranteed as to payments of interest and principal by

Barclays Covered Bonds LLP

(a limited liability partnership incorporated in England and Wales)

(the Programme)

 16 October 2020

To the holders of:

Series 2010-2 Regulated €1,300,000,000 Covered Bonds due March 2022

(Common Code: 049100965, ISIN: XS0491009659 )

( the Series 2010-2 Covered Bonds)

Series 2011-1 Regulated €1,000,000,000 Covered Bonds due January 2021

(Common Code: 057679794, ISIN: XS0576797947 )

( the Series 2011-1 Covered Bonds)

Series 2012-1 Regulated £1,000,000,000 Covered Bonds due January 2022

(Common Code: 072989520, ISIN: XS0729895200 )

( the Series 2012-1 Covered Bonds)

Series 2018-1 Regulated £1,250,000,000 Covered Bonds due May 2023

(Common Code: 174630658, ISIN: XS1746306585 )

( the Series 2018-1 Covered Bonds and, together with the Series 2010-2 Covered Bonds, the Series 2011-1 Covered Bonds and the Series 2012-1 Covered Bonds, the Covered Bonds)

Transition of the Programme from LIBOR to SONIA

NOTICE IS HEREBY GIVEN by the Issuer that certain amendments have been made to the Programme to accommodate the phasing out of LIBOR by December 2021 and the transition of the Programme to a SONIA benchmark. The Administration Agreement, Cash Management Agreement, Master Definitions Schedule, Mortgage Sale Agreement, the TRS Agreement and the Covered Bond Swap Agreements in relation to the Series listed below (together, the Amended Transaction Documents) have all been amended and restated by the parties thereto in order to incorporate such amendments.

Copies of the Amended Transaction Documents are available for inspection will be available for inspection during normal business hours at the registered office for the time being of the Principal Paying Agent currently located at Citigroup Centre, Canada Square, London, E14 5LB, United Kingdom or can be viewed online at https://home.barclays/investor-relations/fixed-income-investors/prospectus-and-documents/secured-funding-covered-bonds/ in due course.

For further information, please contact

BARCLAYS BANK UK PLC

1 Churchill Place

London E14 5HP

Attention: Barclays UK Treasury - Fiona Chan

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

Likewise, the information contained in the base prospectus relating to the Programme (the Prospectus) may be addressed to and/or targeted at persons who are residents of particular countries specified in the Prospectus only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.