REG-UK Debt Management Office Issue of Debt

LONDON--(Business Wire)--

44/09 24 March 2009
PRESS NOTICE

AUCTION OF UK GOVERNMENT SECURITY (GILT)

Auction Details
Auction Date Thursday, 2 April 2009
Issue and Settlement Date Friday, 3 April 2009
Bidding Convention Fully paid Bid Price (see Note 1)
Accrued Interest payable with bid £0.335301 per £100 nominal
Auction Close 10:30am London Time

Details of Security
Title 4¼% Treasury Gilt 2039
Amount (nominal) for issue £2,250 million (fungible with previous issue)
Nominal outstanding after issue £4,500 million
Maturity Date 7 September 2039 at par
Interest Dates 7 March - 7 September
Parent ISIN Code GB00B3KJDS62
Parent SEDOL Code B-3KJ-DS6
Strippable No (see Note 2)
Interest Payable Gross (see Note 3)
Next Interest Date 7 September 2009 - £2.148481 per £100 nominal
(Long First Coupon)

"When Issued" Trading under London Stock Exchange Rule 1530
Commences 3:30pm London Time: 24 March 2009
Closes Close of business: 2 April 2009
"When issued" ISIN Code GB00B666GR22
"When issued" SEDOL Code B-666-GR2
TIDM (for trade reporting) AUC

Note 1: Bids may be made on either a competitive or a non-competitive basis.
Details of the bidding procedures are set out in the prospectus and in the
Information Memorandum. Gilt-edged Market Makers may bid by means of the
Bloomberg Bond Auction System to the DMO not later than 10.30 am on Thursday, 2
April 2009.

Note 2. The Gilt may not be stripped and reconstituted until so specified in a
notice issued by the DMO.

Note 3: Holders may elect to have United Kingdom income tax deducted from
interest payments, should they so wish, on application to the Registrar,
Computershare Investor Services PLC.

Documentation
Prospectus www.dmo.gov.uk/documentview.aspx?docName=/gilts/public/prospectus/prosp240309b.pdf
DMO : 24 March 2009
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock www.dmo.gov.uk/documentview.aspx?docname=publications/operationalrules/infmem200807.pdf
DMO : August 2007
Formulae for Calculating Gilt Prices from Yields www.dmo.gov.uk/documentview.aspx?docname=/giltsmarket/formulae/yldeqns.pdf
DMO : 16 March 2005

Applications from Members of the Approved Group of Investors

Application forms from Approved Group members must be sent to Computershare
Investor Services PLC, who are acting on behalf of the DMO, at the following
address: PO Box 2411, The Pavilions, Bristol, BS99 6WX to arrive not later than
10.00 am on Thursday, 2 April 2009. They may also be lodged by hand at the DMO,
Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD not later than 10.00 am on
Thursday, 2 April 2009.

The amount payable on application in the case of a non-competitive bid made by a
member of the Approved Group is £103.50 per £100 nominal of the Gilt.

Remit 2009-10

Gilt sales of £147.9 billion (cash) are provisionally planned in 2009-10.

UK Debt Management Office

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