Barclays Bank PLC announced today the listing of the Barclays ETN+ Shiller CAPE™ Exchange Traded Note (ETN) on the NYSE Arca stock exchange under the ticker symbol CAPE. The ETN seeks to provide a notional long exposure to four relatively undervalued US equity sectors that also exhibit relatively strong price momentum. The index underlying the ETN uses the frequently cited cyclically adjusted price-to-earnings (CAPE™) ratio as a metric for the valuation of US equity sectors. “I found the collaboration with Barclays most productive. We have learned that applying the CAPE™ ratio concept to sectors within the US stock market offers a new, and powerful, approach to value investing,” said Professor Shiller. “The ETN utilizes Professor Shiller’s frequently cited CAPE™ ratio applied for the first time to sectors to create a value-oriented sector strategy developed through research conducted by Barclays and Professor Shiller over the course of a year-long collaboration,” said Laurence Black, a Director in Equity and Funds Structured Markets (EFS) at Barclays. “We are pleased to expand our product offering in the ETN+ platform,” said Ian Merrill, Head of Investor Solutions Product Origination, Americas, at Barclays. “The Barclays ETN+ Shiller CAPE™ ETN offers investors access to a unique value-based strategy with potential for long-term equity investing.” The new ETN is linked to the Shiller Barclays CAPE™ US Core Sector Index (the “Index”), which is part of the Shiller Barclays CAPE Index family. The Index incorporates a modified CAPE™ ratio to assess equity market valuations of nine sectors in the S&P 500 ®. The Index then selects the top four undervalued sectors that possess relatively stronger price momentum over the past twelve months and allocates an equally weighted notional long position in the total return version of the relevant S&P Select Sector Indices. The ETN prospectus can be found on EDGAR, the SEC website at: www.sec.gov, and will be available on the product website at www.etnplus.com. Barclays ETN+ are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC. Barclays Bank PLC is the issuer of Barclays ETN+ and Barclays Capital Inc. is the issuer’s agent.