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Press release

CASH VALUES FOR NS&I’S INFLATION-BEATING SAVINGS IN MARCH 2008

12 February 2008

Retail Price Index now at 4.1% (Up from 4.0%)

The link below provides the March 2008 cash values for Index-linked Savings Certificates held for one year or more. The charts refer to all certificates bought by investors since their first launch in 1975.

The charts show the exact value of a £100 Certificate including supplements, bonuses and extra interest.

The calculator and tables can be accessed at www.nsandi.com/products/ilsc/calculator.jsp

Retail Prices Index

For working out these values in March the Retail Price Index figure is 209.8. The increase in the Index over the year is 4.1%.

Inflation-beating savings rates of return

Because Index-linked Savings Certificates offer a tax-free1 return that beats inflation, it makes them particularly attractive for basic as well as higher rate taxpayers.

Issues available

Rate p.a./ AER

5-year (Issue 42)
Guaranteed compound rate over 5 years

1.35% + RPI

3-year (Issue 15)
Guaranteed compound rate over 3 years

1.35% + RPI

ENDS

Notes to Editors

1. All returns are free of UK Income Tax and Capital Gains Tax.

2. RPI (Retail Prices Index) is the measure of inflation NS&I uses to calculate measures in the value of its Index-linked Savings Certificates. The RPI is compiled and published monthly by the Office of National Statistics. The RPI can go up or down.

3. The rate of RPI in January 2007 (announced 12 February 2008) will apply to investments in Inflation-beating Savings from 1 March 2008.

4. Valuations for the 2-year, 3-year and 5-year Certificates are shown in separate tabs of the attached document. They are for indicative purposes only.

5. Customers requiring more information or an exact valuation of a certificate can call National Savings and Investments on 0845 964 5000. Maximum call charges from a BT landline are 4p per minute. Charges from other service providers will vary. For your security and to maintain the highest levels of service, calls may be recorded.

6. NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments products to 27 million customers. All products offer 100% capital security, because we are backed by HM Treasury.

7. Subscribe to the NS&I RSS newsfeed. Simply copy and paste this link www.nsandi.com/mediacentre.xml into your RSS reader to receive regular news alerts from NS&I.

Media team
NS&I has a number of spokespeople available for interviews and our experienced radio team is available via our ISDN line: 020 7602 4522.

The numbers below are for media use only. Customers wishing to contact NS&I can find details here.

Gareth Headon		020 7348 9494
		gareth.headon@nsandi.com
Gill Stephens		020 7348 9449
		gill.stephens@nsandi.com
Iman Asante		020 7348 9301
		iman.asante@nsandi.com
Monica Del-Villar		020 7348 9654
		monica.del-villar@nsandi.com
ISDN for interviews		020 7602 4522
Out of hours		All numbers above diverted to staffed mobile phones

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