31WK Statnett 25

        
 As Agent Bank, please be advised of the following rate determined            on: 17-Nov-2008
 Issue                             � Skipton Building Society - Series 54
                                   EUR 50,000,000.00 FRN Due 19-Nov-2014
 ISIN Number                       � XS0206124520
 Common Code / 144A ISIN           �
 Issue Nomin EUR                   � 50,000,000.00
 Period                            � 19-Nov-2008 to 19-Feb-2009              Payment Date 19-Feb-2009
 Number of Days                    � 92
 Rate                              � 4.391
 Denomination EUR                  � 100,000.00            �                                    �
                                                                                                     
 Amount Payable per Denomination   � 1,122.14              �                                    �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    

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