Barclays H1 2022 Results

Costs: H122 operating costs (which exclude L&C) +2% YoY H122 vs. H121 total costs YoY (Em) 9,127 57 Structural cost actions -82% Key drivers of £0.5bn increase in base costs ⇧ 1,029 Performance costs -6% Inflation / FX: £0.3bn • 7,308 321 1,857 L&C within base costs¹ • 1,092 176 6,184 5,719 Base costs¹ (excl. L&C) +£0.5bn / +8% Efficiency savings: £(0.2)bn Inflation +£0.2bn, mainly due to wage inflation FX +£0.1bn (stronger USD is net P&L positive) Operational automation & digitisation • Process optimisation Procurement simplification Real estate and location strategy H121 H122 H122 total costs up 25% YoY primarily driven by higher L&C charges relating to Over-issuance of Securities Operating costs (which exclude L&C) up 2% YoY o Structural cost actions materially lower YoY in line with guidance o Total base costs increased by £2.1bn to £8.0bn ⇧ Investments in strategic priorities, growth and resilience: £0.4bn • • Business growth driving broad-based income momentum Focused investments, linked to our strategic priorities Improving resiliency through enhancements to technology, cybersecurity and controls 1 Costs excluding structural cost actions and performance costs | Note: 2021 financial metrics have been restated to reflect the impact of Over-issuance of Securities. Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | 19 | Barclays H1 2022 Results | 28 July 2022 BARCLAYS

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