Barclays Bank To Begin Trading The iPath Long Enhanced S&P 500 VIX Mid-Term FuturesTM ETN (II) (VZZB) Monday July 11th

Barclays Bank will begin trading its new “iPath Long Enhanced S&P 500 VIX Mid-Term FuturesTM ETN (II)” (NYSE:VZZB) Monday, July 11, 2011. The iPath® Long Enhanced S&P 500 VIX Mid-Term Futures Exchange Traded Notes (II) (the “ETNs”) that Barclays Bank PLC may issue from time to time are linked to a leveraged participation in the performance of the S&P 500® VIX Mid-Term FuturesTM Total Return Index (the “Index”). The ETNs do not pay any interest during their term and do not guarantee any return of principal at maturity or upon redemption. Instead, you will receive a cash payment in U.S. dollars at maturity or upon redemption based on a leveraged participation in the performance of the Index, less a daily financing charge and less a daily investor fee (each of which accrues over time through the calculation of the financing level) (and, in the case of holder redemption, less a redemption charge) applied by Barclays Bank PLC, as described further herein. In addition, the ETNs will be automatically redeemed if an automatic termination event occurs, which will be triggered if the intraday indicative note value (as defined below) is less than or equal to $10.00 for each ETN. The principal terms of the ETNs are as follows:

Issuer: Barclays Bank PLC

Series: Global Medium-Term Notes, Series A

Principal Amount per ETN: $30

Inception and Issue Dates: The ETNs were first sold on July 8, 2011 (the “inception date”) and are expected to be first issued on July 13, 2011 (the “issue date”).

Maturity Date: July 12, 2021.

Automatic Redemption Value: The automatic redemption value will be equal to the closing indicative note value on the automatic termination date. The automatic redemption value shall not be greater than 33.33% of the principal amount per ETN, or $10.00 for each ETN, and shall not be less than $0 per ETN.

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