In accordance with the powers conferred by virtue of the Finance Act 2015, the United Kingdom Debt Management Office hereby gives notice that all of 2½% Consolidated Stock will be redeemed at par on 5 July 2015. This coincides with the gilt’s interest payment date. Arrangements for the repayment of holdings of the gilt are set out below.

2½% Consolidated Stock in registered form

Registers of the gilt are kept by Computershare Investor Services PLC. The final interest payment will be payable on 5 July 2015 to, or in accordance with the instructions of, the persons registered as holders on 25 June 2015 at the rate of £0.625 per £100 nominal.

Redemption monies will be payable on 5 July 2015 to, or in accordance with the instructions of, persons registered as holders on 25 June 2015, after which no further transfers will be registered. The latest date on which postal transfers will be accepted for registration is 22 June 2015.

Redemption forms will be issued to registered holders of the gilt in due course by Computershare Investor Services PLC.

2½% Consolidated Stock in bearer form

The final interest payment in respect of each bearer bond at the rate of £0.625 per £100 nominal will be payable on 5 July 2015 (or if later, on the date of presentation as referred to below) against presentation and surrender of the coupon dated 5 July 2015.

The redemption monies in respect of each bearer bond will be payable on 5 July 2015 (or, if later, on the date of presentation as referred to below) against presentation and surrender of such bearer bond (together with all coupons bearing dates subsequent to 5 July 2015). In each case, the presentation and surrender should be to British Government Stocks (Gilts), Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZW. Delivery of bonds and coupons to Computershare Investor Services PLC shall be at the risk and expense of the relevant holders.

United Kingdom Debt Management Office

London

2 April 2015