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% Annuities 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.

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.

United Kingdom Debt Management Office

London

2 April 2015