Issue of Debt

LONDON--(BUSINESS WIRE)-- 

	The Minster Building 21 Mincing Lane London EC3R 7AG	Tel [phone]   www.dmo.gov.uk     14 May 2026
PRESS NOTICE

AUCTION OF BRITISH GOVERNMENT STOCK

Auction Details
Auction Date	Thursday, 21 May 2026
Issue and Settlement Date	Friday, 22 May 2026
Bidding Convention	Fully paid Bid Price (see Note 1)
Accrued Interest payable with bid	£ 0.498273480663 per £100 nominal
Auction Open	9:00am London Time
Auction Close	10:00am London Time
Post Auction Option Facility Open	12:30pm London Time
Post Auction Option Facility Close	1:00pm London Time

Details of Security
Title	4⅞% Treasury Gilt 2036
Amount (nominal) for auction	£4,000 million (fungible with previous issue) (see Note 3)
Nominal outstanding after auction	£19,000.0 million
Maturity Date	31 July 2036 at par
Interest Payment Dates	31 January and 31 July
ISIN Code	GB00BWBR1N39
SEDOL Code	B-WBR-1N3
Strippable	No (see Note 4)
Interest Payable	Gross (see Note 2)
Next Interest Payment Date	31 July 2026 - £1.440953 per £100 nominal (Short First Coupon)

Note 1: Bids may be made on either a competitive or a non‑competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Gilt‑edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 9.00 am on Thursday, 21 May 2026 and not later than 10.00 am on Thursday, 21 May 2026.

Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.

Note 3: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum as supplemented by the prospectus.

Note 4: The Gilt may not be stripped and reconstituted until so specified in a notice issued by the DMO.

Documentation
Prospectus for auction of £4,000 million of 4⅞% Treasury Gilt 2036   DMO : 14 May 2026	Available on the DMO’s Gilt Market Publications webpage at: https://www.dmo.gov.uk/publications/
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock   DMO : 10 March 2026	https://www.dmo.gov.uk/media/zj2p0lab/infmemadd100326.pdf
Formulae for Calculating Gilt Prices from Yields   DMO : 18 December 2024	https://www.dmo.gov.uk/media/334d05fo/yldeqns_v4.pdf

Applications from Members of the Approved Group of Investors

For this auction applications may not be made by members of the Approved Group.

Gilt sales in 2026-27

A table showing the progress of gilt sales in the current financial year is published in the ‘Responsibilities – Financing Remit’ section of the DMO website at: https://www.dmo.gov.uk/dmo_static_reports/currentremit.pdf. The table is updated after the conclusion of every gilt sales operation.