DLBL
Timothy Breedon - Non-Executive Independent Director of iPath US Treasury Long Bond Bull ETN

Timothy Breedon

Non-Executive Independent Director since 2012

Total compensation: $220,000
Age: 59

Timothy J. Breedon is Non-Executive Independent Director of Barclays PLC., effective November 1, 2012. He joined Barclays after a distinguished career with Legal & General, where, among other roles, he was the group chief executive until June 2012. Tim’s experience as a CEO enables him to provide challenge, advice and support to the Executive on performance and decision-making. Tim brings to the Board extensive ?nancial services experience, knowledge of risk management and UK and EU regulation, as well as an understanding of the key issues for investors. Other current appointments Marie Curie Cancer Care; Chairman, Apax Global Alpha Limited; Chairman, The Northview Group.

The investment seeks to replicate, net of expenses, the performance of the Barclays Capital Long Bond US Treasury Futures Targeted Exposure index.
The index seeks to produce returns that track movements in response to an increase or decrease, as applicable, in the yields available to investors purchasing long dated U.S. Treasury bonds. The level of the index is designed to increase in response to a decrease in long dated Treasury bond yields and to decrease in response to an increase in long dated Treasury bond yields.

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