National Savings

National Savings and Investments

SAVE AS YOU EARN IS CLOSING

Notice is herby given that National Savings and Investments Save As You Earn contracts will be terminated on 18 April 2008.

The value of all remaining holdings after 18 April 2008 will be transferred to a Director of Savings Residual Account. The Residual Account will earn interest at a variable rate and will be taxable. However, the interest will be paid without deduction of tax, so customers who are taxpayers will need to declare it to HM Revenue & Customs each year.

The rate of interest applicable as at 18 April and notice of subsequent changes will be notified in the London, Edinburgh and Belfast Gazettes.

Issued by National Savings and Investments on behalf of the Treasury