Re:                                                                                             BRITANNIA BLDG SOC
                                                                                                 GBP 5500000
                                                                                                 MATURING: 22-Dec-2010
                                                                                                 ISIN: XS0209198257
                                                                                                                      
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Dec-2008 TO 23-Mar-2009 HAS BEEN FIXED AT 3.065000 PCT
  
 DAY BASIS: ACTUAL/365(FIX)
  
 INTEREST PAYABLE VALUE 23-Mar-2009 WILL AMOUNT TO:
 GBP 76.42 PER GBP 10000 DENOMINATION
    
    


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