REG-UK Debt Management Office Issue of Debt

LONDON--(Business Wire)--

DMO SCREEN ANNOUNCEMENT

MINI-TENDER: 4¼% TREASURY STOCK 2032

The UK Debt Management Office (DMO) announces the sale by tender of up to £1,250
million (nominal) of 4¼ % Treasury Stock 2032 on Thursday 16 July 2009.

Details of this tender are as follows:

- It will be conducted on a single price basis, with no non-competitive bidding
or post-auction option facility;

- GEMM firms may each submit an unlimited number of bids via Bloomberg Auction
System, either for their own account or on behalf of customers, to two decimal
places and in multiples of round £ millions (nominal);

- Bidding will close at 10:30am precisely;

- There shall be no individual maximum allocation limits for GEMMs or investors,
but all bids are accepted at the DMO's discretion. The DMO also reserves the
right not to accept bids deemed to be at an unacceptable discount to the
prevailing secondary market price. Any unallocated residual will not be issued.

The results of this tender operation will be announced on the DMO's wire
services pages and website as soon as practicable after the
bidding deadline on 16 July 2009. Settlement will be on the following day,
Friday 17 July 2009, for which the DMO's standard settlement arrangements will
apply.

14 July 2009

UK Debt Management Office

Copyright Business Wire 2009