ResearchServices Brochure Dec2021

1 December 2021 MacroESGC reditEquity Barclays ResearchOur analysts deliver differentiated market insights, actionable ideas and collaborative research across asset classes, through publications, global conferences, one-to-one analyst interactions and Premier more information, please contact Barclays Research Services: #themesPremier EventsStay up to date with the most relevant #themes across markets and asset for your needsProvides timely commentaryand analysis Delivers deeper, sharpened analysisand high conviction callsDelivers truly differentiated perspectivesthat challenge conventional wisdomCOREFOCUSSIGNATUREB arclays Research hosts approximatelyBarclays Data and Investment Sciences teams use alternative data, machine learning, and advancedempirical methods to provide institutional clients with next level insights and actionable investors align investments with Environment, Social & Governance (ESG)

2 Considerations, Barclays Research is systematically integrating ESG into our research across asset classes, with a focus on materiality and forward-looking ESG ResearchData ScienceAnalystsPolicymakersIndustry ExpertsCross-Asset ExpertiseCorporate Management TeamsPROVIDING EXCLUSIVE ACCESS ConferencesInvestor Field TripsCorporate EventsInvestor Events each year across asset classesThe Flip SideThis podcast series features lively debates between Barclays Research analysts on important topics facing economies and businesses around the globe. 2 | December 2021 Will COVID-19 pills be a game changer for the economy?The Flip Side podcast: Is the US ready for a carbon tax?BARCLAYS RESEARCHB arclays Research#PricePressures#DigitalMoneyESGT ransition#investmentsciences#climatechan geSubscribe to The Flip Side podcast series on:#benchmarkreform#energyrevolution06 Impact SeriesOil in 3D: the demand outlook to 2050 Barclays investigates the world s continued reliance on oil in the next few decades, and considers consumption in three potential scenarios Barclays Capital Inc.

3 And/or one of its a iliates does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could a ect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. This research report has been prepared in whole or in part by equity research analysts based outside the US who are not registered/qualified as research analysts with FINRA. Please see analyst certifications and important disclosures beginning on page Research 10 November Thematic Mission Possible: How Synbio Can Drive Sustainability & Disrupt Manufacturing Synthetic biology is underpinning some of the biggest manufacturing disruptions across sectors, and yet its role could be flying under the radar of investors. Thematic Galya Laskar +1 212 526 7052 BCI, US For full list of authors, see page LiveThe client-facing web portal of Barclays Research franchise consistently voted #1 in Web-Based Analytical Tools by Institutional Investor All-America from 2008 to Live AppWork seamlessly on your phone,tablet and desktopWatchlistCustomized research andcharts in your tilesSuggested research andpersonalized reading listsAnalyticsRelative value analysis, yield curves, historical market data, and quantitative modelsMarketsMonitor market data across asset classesMultimediaInfographics, reportsand videosFlagship PublicationsEquity Gilt StudyNow in its 66th year, the Equity Gilt Study provides multi-disciplinary commentary on longer-term market trends, analyzing asset returns across different marketsand OutlookPublished quarterly.

4 The Global Outlook provides an assessment of macro themes across all major economies and outlines their likely implications for global financial 18 November 2021 Global Outlook More good than bad We are still positive on the global recovery, despite a steady drumbeat of negative news. We remain overweight risk assets over core fixed income. Foreword We enter 2022 in an optimistic frame of mind, given a US rebound from the Q3 slowdown, continued central bank credibility on medium-term inflation, and further progress on tackling COVID. Macro Outlook More good than bad.. 5 Growth is likely to be strong in 2022, with advanced economies leading the way as China slows considerably. Inflation should gradually decelerate and longer bond yields stay anchored. A positive surprise may come from medical treatments that end COVID s pandemic phase and allow a full reopening. This document is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt research reports prepared for retail investors under FINRA Rule 2242.

5 Barclays trades the securities covered in this report for its own account and on a discretionary basis on behalf of certain clients. Such trading interests may be contrary to the recommendations o ered in this report. * This author is a debt research analyst in the Fixed Income, Currencies and Commodities Research department and is neither an equity research analyst nor subject to all of the independence and disclosure standards applicable to analysts who produce debt research reports under FINRA Rule 2242. Please see analyst certifications and important disclosures beginning on page 123 .SIGNATUREAjay Rajadhyaksha +1 212 412 7669 BCI, US Completed: 18-Nov-21, 01:18 GMTR eleased: 18-Nov-21, 05:00 GMTR estricted - ExternalCollaborative ResearchOur Signature Research delivers truly differentiated perspectives that challenge conventional wisdom. These are collaborative efforts across US and European Capital Inc.

6 And/or one of its affiliates does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. This research report has been prepared in whole or in part by equity research analysts based outside the US who are not registered/qualified as research analysts with FINRA. This is a Special Report that is not an equity or a debt research report under FINRA Rules 2241-2242. FOR ANALYST CERTIFICATION(S) PLEASE SEE PAGE 18 FOR IMPORTANT FIXED INCOME RESEARCH DISCLOSURES, PLEASE SEE PAGE 18 FOR IMPORTANT EQUITY RESEARCH DISCLOSURES, PLEASE SEE PAGE Equity Gilt Study 2021 25 May 2021 Completed: 25-May-21, 02:04 GMTR eleased: 25-May-21, 04:00 GMTR estricted - ExternalReleased: 25-May-21, 04:00 GMTC ompleted: 25-May-21, 02:04 GMTC ompleted: 25-May-21, 02:04 GMTR eleased: 25-May-21, 04:00 GMTR estricted - ExternalCompleted: 25-May-21, 02:04 GMTR eleased: 25-May-21, 04:00 GMTR estricted - ExternalYou Might LikeImpact SeriesThis series of in-depth reports explores the social impact of economic, demographic and disruptive changes affecting markets, sectors and society at more information, please contact Barclays Research Services.

7 | 3 BARCLAYS RESEARCHMACRO RESEARCH4 | December 2021 Global OutlookGlobal Economics WeeklyEmerging Markets WeeklyFX and EM Macro Strategy form the backbone of the Barclays global macro ResearchAn integrated offering across economics, rates, FX, commodities, and public policy combining short-term daily commentary with long-term thematic ideas across developed and emerging PublicationsResearch #themes#virus#vaccine#ReformingEU#PriceP ressures #DigitalMoney#chinadebt#RateRiskEconomic sInterest RatesEmerging MarketsForeign ExchangeCommoditiesPublic PolicyMacro Research60+economists, rates, FX and commodities strategistsMOST POPULAR EVENTSP remier EventsRegulatory Policy Update with Barclays Government RelationsDiscussion with BanRep Governor, ECOPET CFO and Moody s analystsMexico Series: Mexico and Pemex 2021 ChallengesEurope: Together but ApartRising rates: The impact on the bank capitalInterest Rate Volatility: Cause and Effect for Credit Markets121 MacroEventsJan 2021 Dec 2021 Conference Calls and Research Marketing We offer quarterly Global Outlook calls and timely updates on major themes and developments impacting markets.

8 Clients can also subscribe to receive our latest market insights, differentiated research, new products and analytics. Global Rates WeeklyThoughts for the Week Ahead#UKspendtrendsBarclays Live Sales and support teams provide 24-hour assistance, personalized tutorials, group teach-ins and email updates on how to use Barclays Live to monitor and analyse the Interest Rates, FX, Inflation-Linked, and Securitized Products multi-currency curvesand historical charts acrossfinancial markets for pre-traderelative value : chartOASISI dentify opportunities and themes in FX volatility andperform complex analysis across multiple asset : oasisVolTAnalyze foreign exchange trade volume and positioning : voltMarket Matrix ReportsIsolate richness and cheapness across products and view historical pricing in one click Keyword: marketmatrix Inflation-Linked Toolkit Monitor inflation-linked analytics through our suite of calculators and curve/charting tools.

9 Keyword: inflationMACRO RESEARCHFor more information, please contact Barclays Research Services: | 5 Credit ResearchOffering strategy and fundamental research with thematic views, trade ideas and Premier Events across a wide range of credit products and Credit AlphaCDS Index Credit AlphaCDS Index Option DashboardAAA InvestorBarclays Tuesday Credit CallDaily Research SummaryGlobal Credit OutlookEmerging Markets WeeklyEM Corporate Credit Top PicksUS High Yield: Best Ideas: Loans, Bonds & CDSUS Investment Grade Research: Top Catalyst Ideas Research #themesOur suite of daily, weekly, bi-weekly, and quarterly publications provides thematic research and trade | December 2021 CREDIT RESEARCHF lagship Publications#EnergyRevolution#vaccine#Ri singStars#ESGT ransition #Price Pressures#ClimateChanges#retailtippingpo int#virus83 Analyst Coverage (as of 3 December 2021)credit analysts and strategists cover914US: 446 ( )Asia: 76 ( )Europe:266 ( )Sovereigns:44 ( )LatAm + EEMEA: 82 ( )issuers globallyMOST POPULAR EVENTSP remier EventsFederal Lands: What the Moratorium Means.

10 Update with Katie Bays of FiscalNote MarketsChile and Codelco Outlook: Discussion with Moody s analystsMuni Focus: Texas FreezeChina Property Outlook 2021 Barclays View on No Surprise Act IFR IIRed Hot Rental Summer: Discussion with Barclays Analysts on Avis / HertzHigh GradeHigh YieldEM CorporateMunicipalsDerivativesSovereigns Credit Research214 CreditEventsJan 2021 Dec 2021 Barclays Live Updates and Conference CallsSales and support teams provide 24-hour assistance, personalized tutorials, group teach-ins and email updates on how to use Barclays Live to monitor and analyse the credit Marketing provides conference calls and updates on topical credit themes, initiations, differentiated reports, new products and relevant analytics. ChartAccess multi-currency relative value curves and historical time series across financial markets for pre-trade analysis. Keyword: chartCredit CenterAccess all relevant analytics and research across a single issuer and its sector peers in one : ccBond Screening ToolMulti-input bond screener for easy identification of the bonds fitting your customized : BSTC redit Analytic ToolsFull suite of credit analytic tools including charting tools, calculators, market monitors and screenersFor more information, please contact Barclays Research Services: | 7 CREDIT RESEARCHC redit StrategyWe cover hybrid capital, loans, CLO, EM corporate, cross-currency relative value, derivatives and select securitized products across investment grade and high Barclays Capital Inc.