Barclays Temporarily Suspends Further Sales and Issuance of iPath(R) Dow Jones-UBS Platinum Subindex Total Return(SM) Exchange T

Posted on: Thu, 15 Oct 2009 15:46:00 EDT


Symbols: BCS, PGM
NEW YORK, Oct 15, 2009 (BUSINESS WIRE) --
PGM | Quote | Chart | News | PowerRating -- Barclays Bank PLC announced today that it has temporarily suspended any
further sales from inventory and any further issuances of iPath(R)
Dow Jones-UBS Platinum Subindex Total Return(SM)Exchange
Traded Notes (the "Notes"). The Notes trade on the NYSE Arca stock
exchange under the ticker symbol "PGM". This suspension may cause
fluctuations in the trading value of such Notes. Daily redemptions at
the option of the holders of the Notes will not be affected by this
suspension. Barclays Bank PLC's lending activities from inventory with
respect to the Notes will also not be affected by this suspension.

As disclosed in the pricing supplement relating to the Notes under the
heading "Risk Factors--The Market Value of Each Series of Securities May
Be Influenced by Many Unpredictable Factors", the market value of the
Notes may be influenced by, among other things, the levels of supply and
demand for the Notes. It is possible that the suspension, as described
above, may influence the market value of the Notes. Barclays Bank PLC
believes that the limitations on issuance and sale implemented may cause
an imbalance of supply and demand in the secondary market for the Notes,
which may cause the Notes to trade at a premium or discount in relation
to their indicative value. Therefore, any purchase of the Notes in the
secondary market may be at a purchase price significantly different from
their indicative value.

In light of current market dynamics and ongoing regulatory review, the
factors underlying the temporary suspension of the Notes may impact
other commodity-linked iPath(R) ETNs in the future.

The pricing supplement relating to the Notes can be found on EDGAR, the
SEC website at: www.sec.gov,
as well as on the product website at www.iPathETN.com.

About Barclays

Barclays is a major global financial services provider engaged in retail
and commercial banking, credit cards, investment banking, wealth
management and investment management services, with an extensive
international presence in Europe, the Americas, Africa and Asia. With
over 300 years of history and expertise in banking, Barclays operates in
over 50 countries and employs over 140,000 people. Barclays moves,
lends, invests and protects money for over 49 million customers and
clients worldwide. For further information about Barclays, please visit
our website www.barclays.com.

iPath ETNS

For further information about the iPath ETNs go to: http://www.iPathETN.com.

An investment in iPath ETNs involves risks, including possible loss
of principal. For a description of the main risks see "Risk
Factors" in the applicable prospectus.

Barclays Bank PLC has filed a registration statement (including a
prospectus) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus and
other documents Barclays Bank PLC has filed with the SEC for more
complete information about the issuer and this offering. You may
get these documents for free by visiting www.iPathETN.com
or EDGAR on the SEC website at www.sec.gov.
Alternatively, Barclays Bank PLC will arrange for Barclays Capital
Inc. to send you the prospectus if you request it by calling toll-free
1-877-76-iPATH, or you may request a copy from any other dealer
participating in the offering.

Barclays Global Investors Fund Distribution Company, an affiliate of
Barclays Global Investors, N.A. ("BGINA"), assists in the promotion of
the Securities. Barclays Global Investors, N.A. and Barclays Capital
Inc. ("BCI") are affiliates of Barclays Bank PLC.

iPath ETNs (the "Securities") are unsecured obligations of Barclays
Bank PLC and are not secured debt. The Securities are riskier
than ordinary unsecured debt securities and have no principal protection.
Risks of investing in the Securities include limited portfolio
diversification, trade price fluctuations, uncertain principal
repayment, and illiquidity. Investing in the Securities is not
equivalent to direct investment in index or index components. The
investor fee will reduce the amount of your return at maturity or on
redemption, and as a result you may receive less than the principal
amount of your investment at maturity or upon redemption of your
Securities even if the value of the relevant index has increased. An
investment in iPath ETNs may not be suitable for all investors.

"Dow Jones(R)", "DJ" "UBS", "Dow Jones-UBS Commodity Index(SM)",
"DJ-UBSCI(SM)", "Dow Jones-UBS Commodity Index Total Return(SM)",
" and "Dow Jones-UBS Platinum Subindex Total Return(SM)" are
service marks of Dow Jones & Company, Inc. ("Dow Jones") and UBS AG
("UBS AG"), as the case may be, and have been licensed for use for
certain purposes by Barclays Bank PLC. The Securities based on the Dow
Jones--UBS Commodity Index Total Return(SM) and its related
sub-indices are not sponsored, endorsed, sold or promoted by Dow Jones,
UBS AG, UBS Securities LLC ("UBS Securities"), or any of their
respective subsidiaries or affiliates and none of Dow Jones, UBS AG, UBS
Securities, or any of their respective subsidiaries or affiliates makes
any representation regarding the advisability of investing in such
Securities.

(C) 2009 Barclays Bank PLC. All rights reserved. iPath, iPath ETNs
and the iPath logo are registered trademarks of Barclays Bank PLC. All
other trademarks, servicemarks or registered trademarks are the
property, and used with the permission, of their respective owners.

SOURCE: Barclays Bank PLC


Barclays Bank PLC
Kristin Friel, 212-412 7521
kristin.friel@barclayscapital.com
or
Christine Hudacko, 415-597 2687
christine.hudacko@barclaysglobal.com

For full details on Barclays Plc Adr (BCS) BCS. Barclays Plc Adr (BCS) has Short Term PowerRatings at TradingMarkets. Details on Barclays Plc Adr (BCS) Short Term PowerRatings is available at This Link.

For full details on iPath Dow Jones AIG Platinum Total Return Sub Index (PGM) PGM. iPath Dow Jones AIG Platinum Total Return Sub Index (PGM) has Short Term PowerRatings at TradingMarkets. Details on iPath Dow Jones AIG Platinum Total Return Sub Index (PGM) Short Term PowerRatings is available at This Link.

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