In accordance with the conditions of issue of 3% Treasury Stock as set out in the prospectus dated 23 February 1946 issued by the Bank of England, the United Kingdom Debt Management Office hereby gives notice that all of 3% Treasury Stock will be redeemed at par on 8 May 2015. 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 non-standard interest payment will be payable on 8 May 2015, to or in accordance with the instructions of, the persons registered as holders on 28 April 2015 at the rate of £0.271233 per £100 nominal.

Redemption monies will be payable on 8 May 2015 to, or in accordance with the instructions of, persons registered as holders on 28 April 2015, after which no further transfers will be registered. The latest date on which postal transfers will be accepted for registration is 23 April 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

6 February 2015