Britannia Building Society

RE: BRITANNIA BUILDING SOCIETY
GBP 2,550,000.00
MATURING: 09-Nov-2011
ISSUE DATE: 15-Nov-2005
ISIN: XS0235550349

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
09-May-2006 TO 09-Aug-2006 HAS BEEN FIXED AT 4.808750 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 09-Aug-2006 WILL AMOUNT TO:
GBP 606.03 PER GBP 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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