Barclays PLC — Capital/Financing Update 2012

Jul 12, 2012

Final Terms

BARCLAYS

BARCLAYS BANK PLC

(Incorporated with limited liability in England and Wales)

BARCLAYS CAPITAL (CAYMAN) LIMITED

(Incorporated with limited liability in the Cayman Islands)

GLOBAL STRUCTURED SECURITIES PROGRAMME

for the issue of Securities

BARCLAYS BANK PLC

30,000,000 Index Linked Warrants due July 2017 (the "Warrants")

Series NX000103079

under the Global Structured Securities Programme

Issue Price: GBP 1.00 per Warrant

This document constitutes the final terms of the Warrants (the "Final Terms") described herein for the purposes of Article 5.4 of Directive 2003/71/EC (the "Prospectus Directive") and is prepared in connection with the Global Structured Securities Programme established by Barclays Bank PLC (the "Bank") and Barclays Capital (Cayman) Limited ("BCCL") and is supplemental to and should be read in conjunction with the Base Prospectus dated 14 June 2012, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Prospectus Directive. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing during normal business hours at the registered office of the Issuer and the specified office of the Issue and Paying Agent for the time being in London, and copies may be obtained from such office. Words and expressions defined in the Base Prospectus and not defined in this document shall bear the same meanings when used herein.

The Issuer accepts responsibility for the information contained in these Final Terms. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in these Final Terms is in accordance with the facts and does not contain anything likely to affect the import of such information.

Investors should refer to the sections headed "Risk Factors" in the Base Prospectus for a discussion of certain matters that should be considered when making a decision to invest in the Securities.

Barclays

Final Terms dated 12 July 2012

The distribution of this document and the offer of the Securities in certain jurisdictions may be restricted by law. Persons into whose possession these Final Terms come are required by the Bank to inform themselves about and to observe any such restrictions. Details of selling restrictions for various jurisdictions are set out in "Purchase and Sale" in the Base Prospectus. In particular, the Securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and are subject to US tax law requirements. Trading in the Securities has not been approved by the US Commodity Futures Trading Commission under the US Commodity Exchange Act of 1936, as amended. Subject to certain exceptions, the Securities may not at any time be offered, sold or delivered in the United States or to US persons, nor may any US persons at any time trade or maintain a position in such Securities.

Index Disclaimers

FTSE disclaimer

The Warrants are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE") or by the London Stock Exchange Plc (the "Exchange") or by The Financial Times Limited ("FT") and neither FTSE nor Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE 100 (the "FTSE Index") and/or the figure at which the said FTSE Index stands at any particular time on any particular day or otherwise. The FTSE Index is compiled and calculated by FTSE. However, neither FTSE nor Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the FTSE Index and neither FTSE or Exchange or FT shall be under any obligation to advise any person of any error therein.

"FTSE®", "FT-SE®" and "Footsie®" are trade marks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. "All-World", "All-Share" and "All-Small" are trade marks of FTSE International Limited.

S&P 500 disclaimer

The Warrants are not sponsored, endorsed, sold or promoted by Standard & Poor's Financial Services LLC ("S&P") or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of the Warrants or any member of the public regarding the advisability of investing in securities generally or in the Warrants particularly or the ability of the S&P 500 (the "S&P Index") to track general stock market performance. S&P's and its third party licensor's only relationship to the Issuer is the licensing of certain trademarks and trade names of S&P and the third party licensors and of the S&P Index which is determined, composed and calculated by S&P or its third party licensors without regard to the Issuer or the Warrants, S&P and its third party licensors have no obligation to take the needs of the Issuer or the owners of the Warrants into consideration in determining, composing or calculating the S&P Index. Neither S&P nor its third party licensors is responsible for and has not participated in the determination of the prices and amount of the Warrants or the timing of the issuance or sale of the Warrants or in the determination or calculation of the equation by which the Warrants is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Warrants.

NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY. TIMELINESS OR COMPLETENESS OF THE S&P INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS. THE S&P INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.

The Standard & Poor's®", "S&P®", "S&P 500 Index are trademarks of Standard & Poor's Financial Services LLC, and have been licensed for use by the Issuer.

Part A

Terms and Conditions of the Securities

The Securities shall have the following terms and conditions, which shall complete, modify and/or amend the Base Conditions and/or any applicable Relevant Annex(es) set out in the Base Prospectus dated 14 lune 2012.

Issuer:	Barclays Bank PLC
Guarantor:	N/A
Manager:	Barclays Bank PLC
Determination Agent:	Barclays Capital Securities Limited
Issue and Paying Agent:	The Bank of New York Mellon
Stabilising Manager:	N/A
Registrar:	The Bank of New York Mellon (Luxembourg) S.A
CREST Agent:	N/A
Italian Securities Agent:	N/A
Paying Agents:	N/A
Transfer Agent:	The Bank of New York Mellon (Luxembourg) S.A
Exchange Agent:	N/A
Additional Agents:	N/A

THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). SUBJECT TO CERTAIN EXCEPTIONS, THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ("REGULATION S")). THESE FINAL TERMS HAVE BEEN PREPARED BY THE ISSUER FOR USE IN CONNECTION WITH THE OFFER AND SALE OF THE SECURITIES OUTSIDE THE UNITED STATES TO NON-US PERSONS IN RELIANCE ON REGULATION S AND FOR LISTING OF THE SECURITIES ON THE RELEVANT STOCK EXCHANGE. IF ANY, AS STATED HEREIN. FOR A DESCRIPTION OF THESE AND CERTAIN FURTHER RESTRICTIONS ON OFFERS AND SALES OF THE SECURITIES AND DISTRIBUTION OF THESE FINAL TERMS AND THE BASE PROSPECTUS, SEE "PURCHASE AND SALE" AND "CLEARANCE, SETTLEMENT AND TRANSFER RESTRICTIONS - TRANSFER RESTRICTIONS FOR REGISTERED SECURITIES" IN THE BASE PROSPECTUS.

EACH PURCHASER OF REGISTERED SECURITIES WILL BE DEEMED, BY ITS ACCEPTANCE OF PURCHASE OF ANY SUCH REGISTERED SECURITIES, TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS INTENDED TO RESTRICT THE RESALE OR OTHER TRANSFER OF SUCH REGISTERED SECURITIES AS SET OUT IN "CLEARANCE, SETTLEMENT AND TRANSFER RESTRICTIONS - TRANSFER RESTRICTIONS FOR REGISTERED SECURITIES".

THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE US SECURITIES AND EXCHANGE COMMISSION. ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER US REGULATORY AUTHORITY, AND NONE OF THE FOREGOING AUTHORITIES HAS PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF SECURITIES OR THE ACCURACY OR THE ADEQUACY OF THESE FINAL TERMS AND THE BASE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

1	Series:		NX000103079
2	Currency:		Pound Sterling ("GBP")
3		Number of Warrants or Exercisable Certificates being issued:	30,000,000
4	(i)	Minimum Tradable Amount:	N/A
	(ii)	Calculation Amount as at the Issue Date:	GBP 1.00
			For the purposes hereof, all references in the Conditions to "Calculation Amount per Security" shall be construed as references to "Calculation Amount" as defined in these Final Terms.
5	Form:
	(i)	Global/Definitive/	Global Registered Securities:
		Uncertificated and dematerialised:	Regulation S Global Security
	(ii)	NGN Form:	N/A
	(iii)	Held under the NSS:	N/A
	(iv)	CGN Form:	Applicable
	(v)	CDIs:	N/A
6	Trade Date:		28 June 2012
7	Issue Date:		12 July 2012
8	Issue Price:		GBP 1.00 per Security
9		Relevant Stock Exchanges:	London Stock Exchange
10	The following Relevant Annexes shall apply to the Securities:		Equity Linked Annex
11	Interest:		N/A
12		Interest Amount:	N/A
13		Interest Rate:	N/A
14		Screen Rate Determination:	N/A
15		ISDA Determination:	N/A
16	Margin:		N/A
17		Minimum/Maximum Interest Rate:	N/A
18		Interest Commencement Date:	N/A
19	Interest Determination Date:		N/A

20	Interest Calculation Periods:		N/A
21	Interest Payment Dates:		N/A
22		Day Count Fraction:	N/A
23	Fallback provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest, if different from those set out in the Base Conditions:		N/A
24	(i)	Exercise Style:	Bermudan Style
	(ii)	Multiple Exercise Securities:	N/A
25		Call/Put Securities:	N/A
26	Units:		The Securities must be exercised in Units. Each Unit consists of 1 Security.
27	Exercise Price:		N/A
28	Exercise Date(s):		Each Potential Exercise Business Date
29	Exercise Parameters:		N/A
30		Potential Exercise Business Dates:	The dates specified under the heading "Potential Exercise Business Date" in Schedule 1. If the Index Observation Date(i) in relation to a Potential Exercise Business Date(i) is postponed to a later date, then such Potential Exercise Business Date(i) shall be deemed to also be postponed to such later date.
31		Exercise Business Day:	N/A
32	Exercise Period:		The period from and including the Issue Date to and including the Expiration Date
33	Expiration Date:		28 June 2017 (the "Final Exercise Date"), provided the Expiration Date may be brought determined under "Relevant forward as Percentage" definition in paragraph 45(i).
34		Automatic Exercise:	Applicable in whole
35	Requirement:	Minimum Number Exercise	N/A
36		Maximum Daily Number:	N/A
37		Nominal Call Event:	N/A
38		Settlement Method:	Physical Settlement
39		Settlement Currency:	GBP
40		Settlement Number:	As defined in Condition 24 of the Base Conditions

41 Terms relating to Cash Settled Securities:

Amount:	Cash	Settlement N/A
Exercise Date:	Cash	Settlement
Early Amount:	Cash
Call Option:			N/A
Terms relating to Physically Delivered Securities:
									the
(i)	(ii) (iii) (iv)	Early Exercise Trigger Event: Entitlement:	Early Cancellation Date: Specified Early Cancellation Event: Exercise Physical Settlement		N/A Conditions Conditions N/A N/A Applicable following:		Asset calculated	in accordance	Settlement As defined in Condition 24 of the Base As defined in Condition 24 of the Base In respect of each Warrant an amount of Gilt with Gilt Amount x Relevant Percentage

Where:

"Gilt Amount" means, in respect of an Exercise Physical Settlement Date(i), the amount of Gilt Asset that could be purchased at 10:00 a.m. London time on the corresponding Gilt Observation Date(i) for the Calculation Amount, as determined by the Determination Agent in good faith and in a commercially reasonable manner.

"Gilt Asset" means UK Gilt Treasury 7 September 2019 3.75% (ISIN GB00B4YRFP41), subject to the Entitlement Substitution set out below and to Condition 7.2 of the Conditions as set out in the Base Prospectus.

"Gilt Observation Date" means each date specified under the heading "Gilt Observation Date" in Schedule 1 provided that if an Index Observation Date(i) is postponed in accordance with the Disrupted Day provisions of the Equity Linked Conditions. the respective Gilt Observation Date shall be postponed by the corresponding number of days.

If the Determination Agent is unable to

determine the market value of the Gilt Asset on any Gilt Observation Date(i), then the Determination Agent may (a) postpone the Gilt Observation Date (i) to the first date on which it is able to obtain the market value of the Gilt Asset; or (b) determine that an Entitlement Substitution Event has occurred and the Issuer may deliver substitute assets in accordance with paragraph 45(v) below.

Where

"Index Performance" is calculated as follows:

$$
100\% \times min\left(\frac{Index\ 1Level}{Index\ 1\ Initial}, \frac{Index\ 2 Level}{Index\ 2\ Initial}\right)
$$

"Index 1 Initial" means the Index Level of Index 1 published by the relevant Index Sponsor at the Valuation Time on the Initial Valuation Date, being 5493.06.

"Index 2 Initial" means the Index Level of Index 2 published by the relevant Index Sponsor at the Valuation Time on the Initial Valuation Date, being 1329.04.

"Index 1 Level" means, in respect of determining the Index Performance on an Index Observation Date(i), the Index Level of Index 1 on such Index Observation Date(i).

"Index 2 Level" means, in respect of determining the Index Performance on an Index Observation Date(i), the Index Level of Index 2 on such Index Observation Date(i).

"Index Observation Date(i)" means each date specified under the heading "Index Observation Date" as set out in Schedule 1.

"i" means each iteration corresponding to an Index Observation Date, Potential Exercise Business Date, Gilt Observation Date and Exercise Physical Settlement Date, as set out in Schedule $1₁$

"Initial Valuation Date" means 28 lune 2012.

"Relevant Percentage" means, in respect of each Index Observation Date(i), as set out below:

(A) On Index Observation Date (1), if the Index Performance is greater than or equal to 100 per

cent., then the Expiration Date will be brought forward to Potential Exercise Business Date (1) and, following Automatic Exercise, the Issuer will deliver the relevant Exercise Physical Settlement Entitlement on the Exercise Physical Settlement Date (1) in relation to such Index Observation Date.

Where:

The Relevant Percentage shall be 119.22 per cent.

(B) On Index Observation Date (2) if the Index Performance is greater than or equal to 95 per cent., then the Expiration Date will be brought forward to Potential Exercise Business Date (2) and, following Automatic Exercise, the Issuer will deliver the relevant Exercise Physical Settlement Entitlement on the Exercise Physical Settlement Date (2) in relation to such Index Observation Date.

Where:

The Relevant Percentage shall be 128.83 per cent.

(C) On Index Observation Date (3) if the Index Performance is greater than or equal to 90 per cent., then the Expiration Date will be brought forward to Potential Exercise Business Date (3) and, following Automatic Exercise, the Issuer will deliver the relevant Exercise Physical Settlement Entitlement on the Exercise Physical Settlement Date (3) in relation to such Index Observation Date.

Where:

The Relevant Percentage shall be 138.44 per cent.

(D) If any of the above does not apply and the Expiration Date is not brought forward, then on the Index Observation Date (4), following Automatic Exercise on the Final Exercise Date, the Issuer will deliver the relevant Exercise Physical Settlement Entitlement on Exercise Physical Settlement Date (4) in relation to such Index Observation Date:

(a) If Index Performance on Index Observation

Date (4) is equal to or greater than 85 per cent., then the Relevant Percentage shall be 148.05 per cent. (b) Otherwise, if Index Performance on Index Observation Date (4) is equal to or greater than 50 per cent., then the Relevant Percentage shall be 100 per cent. (c) Otherwise, if Index Performance on Index Observation Date (4) is less than 50 per cent... then the Relevant Percentage shall be calculated as follows: min(Index Performance, 100 per cent.) $(ii)$ Exercise Physical Settlement The dates specified under the heading "Exercise Date: Physical Settlement Date" as set out in Schedule 1 provided that if a Gilt Observation Date(i) is postponed in accordance with the provisions contained in the definition thereof, the respective Exercise Physical Settlement Date shall be postponed by the corresponding number of days. Early Physical Cancellation $N/A$ $(iii)$ Entitlement: $N/A$ $(iv)$ Early Physical Cancellation $Date(s):$ Entitlement Substitution: The Issuer has the right, in its sole and absolute $(v)$ discretion, to deliver to investors upon exercise an amount of such other UK government gilts, as determined by the Determination Agent as having the same monetary value as the Exercise Physical Settlement Entitlement, acting in good faith and in a commercially reasonable manner. $(vi)$ Relevant Settlement Day: As defined in Condition 24 of the Base Conditions $(vi)$ Disruption Cash Settlement As defined in Condition 24 of the Base Price: Conditions 46 $N/A$ Multiplier: 47 Additional Disruption Events in addition $N/A$ to those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex: Share Linked Securities: 48 $N/A$

49	only):	Index Linked Securities (Equity notices	Applicable
	(i)	Index/Indices (each a "Reference Asset"):	The basket of indices as set out in Schedule 2 each an "Index" and together, the "Basket of Indices")
	(ii)	Future Price Valuation:	N/A
	(iii)	Exchange-traded Contract:	N/A
	(iv)	Exchanges:	In respect of each Index, as set out in Schedule 2.
	(v)	Related Exchanges:	In respect of each Index, All Exchanges
	(vi)	Exchange Rate:	N/A
	(vii)	Weighting for each Reference Asset comprising the Basket of Reference Assets:	N/A
	(viii)	Index Levels of each Reference Asset:	The level of the Index published by the relevant Index Sponsor at the Valuation Time on any Scheduled Trading Day.
	(ix)	Valuation Date:	Each Index Observation Date(i) as set out in Schedule 1
	(x)	Valuation Time:	As per the Equity Linked Annex
	(xi)	Averaging:	N/A
	(xii)	Additional Disruption Event in respect of Index Linked Securities:	N/A
	(xiii)	FX Disruption Event:	N/A
	(xiv)	FX Inbound Valuation Disruption Event:	N/A
	(xv)	ODI Early Redemption Event:	N/A
	(xvi)	FINI Early Redemption Event:	N/A
	(xvii)	Local Jurisdiction Taxes and Expenses:	N/A
	(xviii)	Other adjustments:	N/A
50		Inflation Linked Securities:	N/A
51		FX Linked Securities:	N/A
52		Credit Linked Securities:	N/A
53		Commodity Linked Securities:	N/A
54	Debt Components:		N/A

55	Interest Rate Components:	N/A
56	(a) Barclays Commodity Index Linked Securities (Section 2 of the Barclays Index Annex):	N/A
	(b) Barclays Equity Index Securities (Section 3 of the Barclays Index Annex):	N/A
	(c) Barclays FX Index Linked Securities (Section 4 of the Barclays Index Annex):	N/A
	(d) Barclays Interest Rate Index Linked Securities (Section 5 of the Barclays Index Annex):	N/A
	(e) Barclays Emerging Market Index Linked Securities (Section 6 of the Barclays Index Annex):	N/A
57	Fund Linked Securities:	N/A
58	Settlement in respect of APK Registered Securities, Swedish Registered Securities, Italian Securities or other Securities:	N/A
59	Additional provisions relating to payment of Exercise Price:	N/A
60	Additional provisions relating to Taxes and Settlement Expenses:	N/A
61	Definition of In-The-Money:	For the purposes of Condition 6.4, In-The-Money shall mean that the Exercise Physical Settlement Entitlement hereunder exceeds zero
62	Business Days:	As defined in Condition 24 of the Base Conditions
	Additional Business Centre(s):	N/A
63	Non-US Selling Restrictions:	As described in the Base Prospectus
64	Applicable TEFRA exemption:	N/A
65	Other:	N/A
66	Business Day Convention:	Following
67	Relevant Clearing Systems:	Euroclear
		Clearstream
68	If syndicated, names of Managers:	N/A
69	Relevant securities codes:	ISIN: GB00B8N4X271
		Common Code: 80184336
70	Modifications to the Master Subscription Agreement and/or Master Agency	N/A

Agreement (as amended from time to time):

$N/A$

Additional Conditions and/or $71\,$ modification to the Conditions of the Securities:

Part B

Other Information

$\mathbf{1}$ LISTING AND ADMISSION TO TRADING

(i)	Listing:	London
(ii)	Admission to trading:	Application is expected to be made by the Issuer (or on its behalf) for the Securities to be admitted to trading on the London Stock Exchange's Regulated Market on or around the Issue Date.
(iii)	Estimate of total expenses related to admission to trading:	N/A

RATINGS $2^{\circ}$

Ratings:

The Securities have not been individually rated.

NOTIFICATION $\overline{3}$

$N/A$ .

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE OFFER $\overline{4}$

Save as discussed in "Purchase and Sale", so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer.

5 REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i)	Reasons for the offer:	General funding
(ii)	Estimated net proceeds:	N/A
(iii)	Estimated total expenses:	N/A

FIXED RATE SECURITIES ONLY - YIELD 6

Indication of yield:	N/A
----------------------	-----

$\overline{7}$ FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES

$N/A$

PERFORMANCE OF REFERENCE ASSET(S) OR OTHER VARIABLE, EXPLANATION OF EFFECT ON 8 VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE REFERENCE ASSET(S) AND/OR OTHER UNDERLYING

Information on the FTSE 100 Index and the S&P 500 Index including past performance and volatility can be obtained from Bloomberg.

Historical performance should not be taken as an indication of future performance.

PERFORMANCE OF RATE OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF 9 INVESTMENT

$N/A$

10 OPERATIONAL INFORMATION

Any clearing system(s) other than Euroclear	N/A
Bank S.A./N.V. and Clearstream Banking,
société anonyme (together with their
addresses) and the relevant identification
number(s):
Delivery:	Delivery free of payment
Name and address of Swedish Issue and Paying Agent:	N/A
Intended to be held in a manner which would allow Eurosystem eligibility:	No.

11 OFFER INFORMATION

The Issue Price includes a commission element to be shared with a third party which shall not exceed 4.00 per cent. of the Issue Price determined in respect of each Warrant on the Issue Date, further details of which are available upon request.

Schedule 1

	Index Observation Date	Potential Exercise	Gilt Observation Date	Exercise Physical Settlement Date
	(subject to Disrupted Day provisions)	Business Date
	30-June-2014	30-June-2014	14-July-2014	17-July-2014
$\mathcal{P}$	29-June-2015	29-June-2015	13-July-2015	16-July-2015
3	28-June-2016	28-June-2016	12-July-2016	15-July-2016
$\overline{4}$	The Final Exercise Date	The Final
		Exercise Date	12-July-2017	17-July-2017

Schedule 2

Basket of Indices

	Index	Bloomberg (for reference purposes only)	Exchange	Related Exchange	Index Sponsor
$\mathbf{1}$	FTSE 100 (the "Index $1$ ")	UKX	London Stock Exchange	All Exchanges	FTSE International Limited
2	S&P 500 (the "Index $2$ ")	SPX	Multi-exchange Index	All Exchanges	Standard and Poor's Financial Services LLC