RBS APPOINTED BOOK RUNNER IN FIRST EVER 50 YEAR INFLATION LINKED BOND

Re the announcement by the DMO today on the first ever 50 year inflation
linked bond please find below some quotes you can use from RBS.
Alternatively, I would be pleased to put you in contact with an appropriate
person with whom you can discuss this.

"We are very pleased that RBS has been appointed book runner on the UK Debt
Management Office's inaugural syndicated issue of the new 50 year index
linked bond." Ian Gaskell, Global Head of Rates

"The UK Debt Management Office has today named 4 joint book-runners for its
2055 Index-Linked Syndication. The book runners are Barclays Capital, Morgan
Stanley, RBS and UBS. The issue is scheduled to be on or around Thursday
22nd September." Ian Gaskell, Global Head of Rates

"With the inaugural syndicated issue of the new 50 year index linked bond
announced today, the UK real yield curve will gain an additional reference
point at the long end of the curve. This will make it of particular interest
to many investors, including many pension funds for whom this represents a
unique hedge to their long dated liabilities." Ian Gaskell, Global Head of
Rates

"RBS is a significant participant in the Sterling Rates and Capital Markets,
both in conventional and inflation linked markets." Ian Gaskell, Global Head
of Rates

"The issue is the first syndicated Sterling Gilt issue by the UK Debt
Management Office, which has adopted this approach due to the unique
circumstances surrounding this particular product, notably because of its
innovative character." Ian Gaskell, Global Head of Rates

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