Barclays H1 2022 Results

Outlook Returns Barclays continues to target a RoTE of >10% in 2022 Income Costs Impairment • • Barclays' diversified income streams position the Group well for the current economic and market environment and rising interest rates Given £1.3bn of litigation and conduct charges in Q222 and the appreciation of average USD against GBP, Barclays now expects FY22 total operating expenses to be around £16.7bn¹ versus previous outlook of £15.0bn² While acknowledging macroeconomic uncertainty, the impairment charge is expected to remain below pre-pandemic levels in coming quarters given reduced unsecured lending balances and existing coverage ratios Capital Barclays continues to target a CET1 ratio within the range of 13-14% Capital returns Barclays' capital distribution policy incorporates a progressive ordinary dividend, supplemented with buybacks as appropriate 1 Group cost outlook is based on an average USD/GBP FX rate of 1.23 across H222 and subject to foreign currency movements | 2 Previous FY22 Group cost outlook was based on an average USD/GBP FX rate of 1.31 throughout 2022 | 31 | Barclays H1 2022 Results | 28 July 2022 BARCLAYS

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