Barclays, Base Prospectus 2006

(iii) Payments of interest to certain Noteholders
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Interest on the Notes may also be paid without withholding or deduction for or on account of
United Kingdom tax where interest on the Notes is paid to a person who belongs in the United
Kingdom and, at the time the payment is made, the Issuer reasonably believes (and any person
by or through whom interest on the Notes is paid reasonably believes) that either:
(a) the person beneficially entitled to the interest payable on the Notes is within the charge to
United Kingdom corporation tax as regards the payment of such interest; or
(b) the payment is made to one of the classes of exempt bodies or persons set out in section
349B(3) of the Act,
provided that HMRC has not given a direction (in circumstances where it has reasonable
grounds to believe that it is likely that none of the conditions specified in section 349B of the
Act will be satisfied in respect of such payment of interest at the time the payment is made) that
the interest should be paid under deduction of tax.
(iv) Notes with a maturity of less than 365 days
Interest on the Notes may also be paid without withholding or deduction for or on account of
United Kingdom tax where the maturity of the Notes is less than 365 days.
(v) Other withholdings
In all other cases, an amount may have to be withheld from payments of interest on the Notes
for or on account of United Kingdom income tax at the lower rate (currently 20 per cent.),
subject to any direction to the contrary by HMRC under an applicable double taxation treaty.
(vi) Information Reporting
Noteholders who are individuals may wish to note that HMRC has power to obtain information
(including the name and address of the beneficial owner of the interest) from any person in the
United Kingdom who either pays interest (or other similar income) to or receives interest (or
other similar income) on behalf of another person. HMRC may communicate this information to
the tax authorities of other jurisdictions.
Reference is made to "EU Directive on the Taxation of Savings Income" at paragraph 3 of this
"Taxation" section. The United Kingdom is one of the EU Member States that will provide to the tax
authorities of another Member State (and certain non-EU countries and associated territories referred to
in that directive) the details of payments of interest or other similar income paid or secured by a person
(as a paying agent or a receiving agent) within the United Kingdom to an individual (and certain other
non-corporate, residual entities) resident in that other Member State (or non-EU country or associated
territory).