Barclays Capital Appoints Senior High Yield Credit Analysts

Daniel Rekrut, Karine Elias and Thomas Southon join the European High Yield Credit Research Team

LONDON (20 October 2010) – Barclays Capital today announced three senior appointments in its award-winning credit research franchise. Daniel Rekrut, Karine Elias and Thomas Southon join the European High Yield Credit Research Team based in London.

“We are pleased to have three new senior analysts joining our team,” said Robert Jones, Head of European Fundamental Credit Research. “With them on board and coupled with existing analysts we will offer a full coverage of names across the European high yield market and continue to deliver in-depth, industry-specific and relevant credit research.”

Mr Rekrut will become head of European High Yield Research and focus on European high yield telecommunication, media and technology (TMT) companies. He joins Barclays Capital after time as an executive director covering European high yield TMT companies at UBS.

Ms Elias will cover the European high yield consumer and retail sector. She joins from Nomura, where she was an executive director on the high yield credit research desk.

Mr Southon will cover the European high yield manufacturing and industrials sectors. Prior to joining the firm, he was a high yield analyst at RBS.

“We are delighted to welcome Daniel, Karine and Thomas to the team,” said Eric Miller, Head of Credit Research at Barclays Capital. “The experience and knowledge they bring will help ensure that we continue to deliver on our commitment to bringing our clients leading analysis across research divisions, asset classes and regions.”

For further information, please contact:

Schuyler Clemente
+44 (0)20 777 34175
schuyler.clemente@barclayscapital.com

Seth Martin
+1 (212) 412 7565
seth.martin@barclayscapital.com

About Barclays Capital Research

Barclays Capital is committed to bringing our clients a best-in-class, global research franchise. The firm has a team of approximately 800 professionals covering every Research discipline, every asset class and every region. In 2010, Barclays Capital ranked #1 among Greenwich Quality Leaders for U.S. Fixed Income Research Quality, ranked #1 for Overall Trade Ideas, #1 for Sovereigns Research, and #1 for Supranational and Agencies Research in the Euromoney Fixed Income Research Poll, ranked #1 for Commodities Derivatives Research, #1 for Oil & Gas Products Research, and #1 for Metals Research in AsiaRisk’s Commodity Rankings, and was named Best Bank for High Grade Research, ABS Research, Derivatives Research, and Best Index Provider in the Credit Annual European Awards.

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 25,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.

Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.