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Notes to the accounts
44 Principal subsidiary undertakings
Country of registration
capital held or incorporation		 Company name Nature of Business Percentage
of equity
capital held
%
England Barclays Bank PLC – ordinary shares Banking, holding company 100 *
England Barclays Private Bank Limited Banking 100 *
England Barclays Mercantile Business Finance Limited Commercial finance, holding company, leasing 100
England Barclays Global Investors UK Holdings Limited Holding company 100
England Barclays Life Assurance Company Limited Life and pensions business 100
England Barclays Funds Limited Provider of savings related investment products 100
England Barclays Bank Trust Company Limited Banking, securities industries and trust services 100
England Barclays Stockbrokers Limited Stockbroking 100
England Barclays Capital Securities Limited Securities dealing 100
England Barclays Global Investors Pensions Management Limited Investment management 100 *
England Woolwich plc Banking, holding company 100
England First Plus Financial Group PLC Consumer finance 100 *
England Woolwich Independent Financial Advisory Services Limited Financial advisory services 100 *
Guernsey Barclays Finance Company (Guernsey) Limited Banking 100
Jersey Barclays Bank Finance Company (Jersey) Limited Banking 100
Jersey Barclays Private Bank and Trust Limited Banking, holding company 100 *
Isle of Man Barclays Finance Company (Isle of Man) Limited Investment company 100
Spain Barclays Bank SA Banking 99.7
Botswana Barclays Bank of Botswana Limited Banking 74.9
Egypt Cairo Barclays Bank SAE Banking 60
Ghana Barclays Bank of Ghana Limited Banking 90
Kenya Barclays Bank of Kenya Limited Banking 68.5
Zimbabwe Barclays Bank of Zimbabwe Limited Banking 64.7 *
USA Barclays Capital Inc. Securities dealing 100 *
USA Barclays Global Investors, NA Investments and securities industry business 100 *
Switzerland Barclays Bank (Suisse) SA Banking and trust services 100 *
Cayman Islands Barclays Capital Japan Limited Securities dealing 100
Italy Banca Woolwich SpA Banking 100 *
France Banque Woolwich SA Banking 100 *
In accordance with Section 231(5) of the Companies Act 1985 the above information is provided solely in relation to principal subsidiary undertakings. Full information on all subsidiaries will be included with the Annual Return.

With the exception of Barclays Capital Japan Limited which operates in Japan, the country of registration or incorporation is also the principal area of operation for each of the above undertakings. Investments in these undertakings are held directly by Barclays Bank PLC except where marked *. Barclays Bank PLC also has in issue 17,000,000 (1999 34,920,000) non-cumulative dollar-denominated preference shares of $0.01 each, none of which are held by Barclays PLC.