Skipton Building Society


                       RATE FIX NOTICE
Issue Name:                 Skipton Building Society
                            Series 54
                            EUR 50,000,000 Floating Rate Notes
                            due 19 November 2014
ISIN Code:                  XS0206124520
Interest Rate:              5.166000%
Base Rate:                  4.966000%
Interest Period:            19-Aug-08 to 19-Nov-08
Day Count Method:           Actual/360
Number of Days in Period:   92
Payment Date:               19-Nov-08

Denomination:               Coupon:
--------------------------- --------------------------------
                 100,000.00 EUR                     1,320.20



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