Barclays Bank PLC Announces Extension of Cash Tender Offer and Consent Solicitation for its iPath S&P GSCI Crude Oil Total Return Index ETNs (ticker OILNF) - Seite 2

Because the Closing Indicative Note Value is calculated based on the closing level (the “Closing Index Level”) of the S&P GSCI Crude Oil Total Return Index (Bloomberg ticker: SPGSCLTR) (the “Index”), if the Closing Index Level has declined as of the Expiration Date, the Purchase Price may be significantly less than it would otherwise have been had the Purchase Price been determined at a time prior to such decline or after the level of the Index has recovered. In addition, the Notes may trade at a substantial premium to or discount from the Closing Indicative Note Value. Accordingly, the Purchase Price may be lower than the trading price of the Notes on the Expiration Date.

Unless the Offer is extended or early terminated by the Issuer, the Purchase Price will be publicly announced by the Issuer by press release and will be available at www.ipathetn.com/oilnf at or prior to approximately 4:30 p.m., New York City time, on the Expiration Date. In addition, on each Trading Day while the Offer remains open, the indicative Purchase Price, as well as the Closing Index Level and the Closing Indicative Note Value for that Trading Day, will be published by 5:00 p.m., New York City time, at www.ipathetn.com/oilnf. In the event that publication of the Closing Index Level on any Trading Day is delayed, the Issuer will publish such information as soon as practicable following the publication of the Closing Index Level. The indicative Purchase Price on any Trading Day will be equal to 103% of the Closing Indicative Note Value on that Trading Day.

The Issuer reserves the right, in its sole and absolute discretion, not to accept any tender instructions, not to purchase Notes or to extend, re-open, withdraw or terminate the Offer and Consent Solicitation and to amend or waive any of the terms and conditions of the Offer and Consent Solicitation in any manner, subject to applicable laws and regulations.

For Further Information

A complete description of the terms and conditions of the Offer is set out in the Statement. Copies of the Statement are available at www.ipathetn.com/oilnf. Further details about the transaction can be obtained from:

The Dealer Manager

Barclays Capital Inc.
745 Seventh Avenue
New York, New York 10019
United States
Telephone: [phone]
Attn: Barclays ETN Desk
Email: [e-mail]

The Tender Agent

The Bank of New York Mellon
160 Queen Victoria Street
London EC4V 4LA
United Kingdom
Attn: Debt Restructuring Services
Telecopy no. [phone]
Email: [e-mail]