November 2, 2006

Enron Corp. announced today that it has reached an agreement with Barclays PLC to settle Barclays portion of the Enron bankruptcy litigation.  According to the terms of the agreement, Barclays will pay Enron $144 million in cash and Enron will allow Barclays claims filed in the bankruptcy totalling $310 million.

Commenting on the settlement, John J. Ray III, Enron’s Board Chairman, said “The Barclays agreement is the ninth settlement reached with the financial institutions.  Today’s announcement reflects our determination to resolve the litigation and continue to deliver value to creditors as quickly as possible, and reflects the lesser role played by Barclays relative to others involved in the litigation.”

The agreement remains subject to the approval of the United States Bankruptcy Court for the Southern District of New York and other conditions.   Financial institutions yet to settle with Enron include Citigroup Inc. and Deutsche Bank AG.

The settlement remains subject to the execution of definitive agreements and the approval of the United States Bankruptcy Court for the Southern District of New York.

Enron is represented in this matter by Susman Godfrey LLP; Togut, Segal & Segal; and Venable LLP.