Press Release

NS&I ANNUAL RESULTS FOR YEAR ENDING 31 MARCH 2007

21 August 2007

Record £78.90bn total funds invested, up 7.6% from £73.34bn in 2005-06
• £14.17bn sales, up 18.2% on 2005-06
• Net financing (contribution to government) of £5.56bn, up from £4.86bn in 2005-06
• Value added (savings to taxpayer) of £337m delivered, up from £260m in 2005-06

NS&I, the government-backed savings and investments provider, today announces its results for the year to 31 March 2007, which include its strongest ever annual sales.

Sales for the year reached £14.17bn, due primarily to major promotional activity introduced to celebrate the 50th anniversary of the launch of Premium Bonds in November 1956, alongside rapid growth in sales of NS&I’s Inflation-beating Savings and Direct ISA.

Highlights of the year
Financial

• NS&I grew by £5.56bn, exceeding its net financing target for the year due to the exceptional success of the 50th anniversary of Premium Bonds.
• NS&I met its 5 year net financing target of £15bn and closed Direction 2007, its previous five year strategy a year early
• NS&I saved the taxpayer £336.7m by reducing the cost of government borrowing (Value Added – see notes)
• Gross sales of all NS&I products increased from £11.9bn to £14.1bn this year.

Year of results