Britannia Building


RE: BRITANNIA BLDG SOC
    EUR 300,000,000.00
    MATURING: 18-May-2016
    ISSUE DATE: 18-May-2006
    ISIN: XS0254625998

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Feb-2007 TO 18-May-2007 HAS BEEN FIXED AT 4.105000 PCT

DAY BASIS 88/360

INTEREST PAYABLE VALUE 18-May-2007 WILL AMOUNT TO:
EUR 501.72 PER EUR 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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