Join Date: Oct 2007
Location: West Yorkshire, United Kingdom
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You need to get the bolt you have circled undone, unless you can do this, you won't be able to adjust the brake.
To adjust, loosen the bolt circled, pull the cable taut and do up bolt, this is the initial setup, then it will need minor adjustment for pad clearance.
You will also need cable cutters to cut off the excess cable, a cable ferrule to cap it, and something (like pliers) to crimp the ferrule.