REG-UK Debt Management Office Issue of Debt

http://www.businesswire.com/news/home/20091112005456/en

LONDON--(Business Wire)--

RESULT OF THE SALE BY AUCTION OF £1,000 MILLION OF 1¼% INDEX-LINKED TREASURY GILT 2032

The United Kingdom Debt Management Office ("DMO") announces that the auction of £1,000 million of
1¼% Index-linked Treasury Gilt 2032 has been allocated as follows:

(Note: all prices in this notice are quoted in pounds and pence)
1. All bids which have been accepted at the striking price have been allotted approximately 15.0% of the amount bid for.

Competitive bids made at prices above the striking price have been allotted in full. Competitive bids made at prices below the striking price have been rejected.
Real Inflation-adjusted Real Yield
Clean Price Clean Price*
2. Striking Price £114.23 £112.981466 0.588%

3. The total amounts allotted and bids received were as follows:
Amount allotted to competitive bids £915.250 million
Amount allotted to non-competitive bids
Gilt-edged Market Makers £84.600 million
Others £0.150 million
£1,000.000 million
Total bids received £1,655.636 million
Times covered 1.66 times
4. An additional amount of the Stock totalling up to £100 million will be made available to successful bidders for purchase at the non-competitive allotment price, in accordance with the terms of the Information Memorandum.

5. Cheques may be presented for payment. Refund cheques, where appropriate, will be sent as soon as possible by post. Stock allotted to members of CREST will be credited to their accounts by member-to-member deliveries on the relevant settlement date if they so requested.
* The inflation-adjusted clean price should not be rounded. It is displayed to 6dp for illustrative purposes only.

UK Debt Management Office

Copyright Business Wire 2009