NS&I ANNUAL REPORT 2019-20

NS&I delivered £11.6 billion of Net Financing to the Government in 2019-20 and in total, met 9 out of 11 of its Service Delivery Measures (SDMs). Attracting younger savers : NS&I has increased the number of its active customers under the age of 16 by more than 90,000. Premium Bonds : more than 94,000 customers have invested at the new minimum investment amount of £25 since it was lowered from £100 in February 2019. Business- to-business services :

PREMIUM BONDS WINNERS IN INNER LONDON AND GLOUCESTERSHIRE

The £1 million Premium Bonds prize winners for May come from Inner London and Gloucestershire. May’s first millionaire is a man from Inner London. His winning Bond number is 344ZE146007 and he has the maximum Premium Bond holding of £50,000. The winning Bond was purchased in November 2018. The win makes the man the fifth Premium Bonds millionaire from Inner London.

NS&I SUPPORTS SAVERS IN THIS UNPRECEDENTED TIME

Planned interest rate reductions on NS&I variable rate products, including Premium Bonds, will not now be implemented. The cancellation of these interest rate reductions will support savers during the coronavirus pandemic. Customers do not need to take any specific action as a result of this announcement. NS&I is urging customers to go online to nsandi.com if they wish to invest or if they need help to manage their savings during the coronavirus pandemic.

NS&I PROVISIONAL Q3 2019-20 RESULTS AND 2020-21 NET FINANCING TARGET

Q3 2019-20 Net Financing of £3.2 billion 2019-20 Net Financing full year forecast: £10.1 billion, in line with the target of £11 billion (within a range of £8 billion to £14 billion) 2020-21 Net Financing target: £6 billion (within a range of £3 billion to £9 billion). NS&I has today published its unaudited quarterly results for the third quarter (October to December 2019) of the financial year 2019-20. NS&I delivered £3.2 billion of Net Financing in Q3 2019-20, giving a year-to-date…

ERNIE MARCHES INTO SPRING WITH JACKPOT WINNERS IN NORWICH AND CAMBRIDGESHIRE

Two lucky people in Norwich and Cambridgeshire will be waking up with a spring in their step this morning following a visit from Agent Million informing them that they have won £1 million each. The first eligible Bond number drawn this month - 250KD320334 – belongs to a woman based in Norwich. She has a total holding of £50,000 and purchased her winning Bond in July 2015. She is just the third jackpot winner from the East Anglian city.

NS&I ANNOUNCES REDUCTION IN INTEREST RATES

NS&I today announces interest rate reductions across its fixed and variable savings products, effective from 1 May 2020 Changes will ensure NS&I’s interest rates are positioned appropriately against those of its competitors and help NS&I to strike a balance between the needs of its savers, taxpayers and broader market stability The interest rate changes, effective from 1 May 2020, reflect the fact that due to exceptionally low gilt yields, the measure NS&I uses for tracking the…