In accordance with the conditions of issue of 4% Consolidated Loan as set out in the prospectus dated 29 December 1926 issued by the Bank of England, the United Kingdom Debt Management Office hereby gives notice that all of 4% Consolidated Loan will be redeemed at par on 1 February 2015. This is the gilt’s next 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 1 February 2015, to or in accordance with the instructions of, the persons registered as holders on 22 January 2015 at the rate of £2.00 per £100 nominal.

Redemption monies will be payable on 1 February 2015 to, or in accordance with the instructions of, persons registered as holders on 22 January 2015, after which no further transfers will be registered. The latest date on which postal transfers will be accepted for registration is 19 January 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

31 October 2014