Barclays, Base Prospectus 2006

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Each Manager who has purchased Notes of a Tranche hereunder (or in the case of a sale of a Tranche
of Notes issued to or through more than one Manager, each of such Managers as to the Notes of such
Tranche purchased by or through it or, in the case of a syndicated issue, the relevant Lead Manager)
shall determine and notify to the Fiscal Agent the completion of the distribution of the Notes of such
Tranche. On the basis of such notification or notifications, the Fiscal Agent has agreed to notify such
Manager/Lead Manager of the end of the restricted period with respect to such Tranche. The Manager
has also represented and agreed (and each additional Manager will also be required to represent and
agree) that, at or prior to confirmation of any sale of Notes, it will have sent to each distributor,
manager or person receiving a selling concession, fee or other remuneration that purchases Notes from
it during the restricted period a confirmation or notice to substantially the following effect: "The
Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the
"Securities Act") and no Manager (or persons covered by Rule 903 (b) (2) (iii)) may offer or sell any
Notes constituting part of its allotment within the United States or to, or for the account or benefit of,
U.S. persons except in accordance with Rule 903 or Rule 904 Regulation S under the Securities Act.
Terms used above have the meanings given to them by Regulation S."
Terms used in the above paragraph have the meanings given to them by Regulation S.
The Manager has represented and agreed (and each additional Manager will be required to represent
and agree) that it has not entered and will not enter into any contractual arrangement with respect to the
distribution or delivery of Notes, except with its affiliates or with the prior written consent of the
Issuer.
Notes, other than Notes with an initial maturity at original issue of one year or less, will be issued in
accordance with the provisions of United States Treasury Regulation §1.163-5(c)(2)(i)(D) (the
"D Rules"), or in accordance with the provisions of United States Treasury Regulation §1.163-
5(c)(2)(i)(C) (the "C Rules"), as specified in the applicable Final Terms. In addition, in respect of
Notes issued in accordance with the D Rules, the Manager has represented and agreed (and each
additional Manager will be required to represent and agree) that:
(a) except to the extent permitted under U.S. Treas. Reg. Section 1.163-5(c)(2)(i)(D), (i) it has not
offered or sold, and during the restricted period will not offer or sell, Notes in bearer form to a
person who is within the United States or its possessions or to a United States person, and (ii)
such Manager has not delivered and will not deliver within the United States or its possessions
definitive Notes in bearer form that are sold during the restricted period;
(b) it has and throughout the restricted period will have in effect procedures reasonably designed to
ensure that its employees or agents who are directly engaged in selling Notes in bearer form are
aware that such Notes may not be offered or sold during the restricted period to a person who is
within the United States or its possessions or to a United States person, except as permitted by
the D Rules;
(c) if such Manager is a United States person, it has represented that it is acquiring the Notes in
bearer form for purposes of resale in connection with their original issuance and if such
Manager retains Notes in bearer form for its own account, it will only do so in accordance with
the requirements of U.S. Treas. Reg. Section 1.163-5(c)(2)(i)(D)(6); and
(d) with respect to each affiliate that acquires from such Manager Notes in bearer form for the
purposes of offering or selling such Notes during the restricted period, such Manager either (i)
has repeated and confirmed the agreements contained in sub-clauses (a), (b) and (c) on such
affiliate's behalf or (ii) has agreed that it will obtain from such affiliate for the benefit of the
Issuer the agreements contained in sub-clauses (a), (b) and (c).
Terms used in the above paragraph have the meanings given to them by the U.S. Internal Revenue
Code and regulations thereunder, including the D Rules.
In addition, where the C Rules are specified in the relevant Final Terms as being applicable to any
Tranche of Notes, Notes in bearer form must be issued and delivered outside the United States and its
possessions in connection with their original issuance. The Manager has represented and agreed (and
each additional Manager will be required to represent and agree) that it has not offered, sold or