During the auction of EUR 1,250 mln of 13W T-Bills conducted today, the total bids reached EUR 2,060 mln and the amount finally accepted was EUR 1,625 mln.

On top of that, Primary Dealers can additionally submit non-competitive bids up to 30% of the amount initially auctioned until April 18, 2013 (12 p.m local time)

Settlement date is April 19, 2013. The results of the auction are as follows:

                                                                      AUCTION   RESULTS

A U C T I O N

Today

Previous

13W T – BILLS

April 16, 2013

(amounts in mln euro)

March 19, 2013

(amounts in mln euro)

1.- Amount Auctioned

1,250

1,000

2.- Total amount offered

2,060

1,655

3.- Coverage ratio

1.65

1.66

4.- Amount Accepted

1,625

1,300

5.- Uniform yield

4.05%

4.05%

6.- Cut-off  price

98.987

98.986

7.- Cut – off ratio

100%

100%