National Savings

PREMIUM SAVINGS BONDS—NOTICE OF NEW RATE AND CHANGE TO VALUE BANDS

On and from 1st April 1999 the rate of interest specified for determining the amount of the prize fund will go down from 4.5 per cent per annum to 4 per cent per annum. The monthly prize fund will be shared between the Higher, Medium and Lower value bands in the ratio 10 per cent, 10 per cent, and 80 per cent respectively (subject to any adjustments required by paragraphs 7 to 10 of the current prospectus). Issued by National Savings on behalf of the Treasury.