Britannia Building



Re:  Britannia Bldg Soc
     GBP 7,205,000.00
     MATURING: 11-May-2011
     ISIN: XS0219964672

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-May-2008 TO 11-Aug-2008 HAS BEEN FIXED AT 5.850630 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 11-Aug-2008 WILL AMOUNT TO:
GBP 14.59 PER GBP 1,000.00 DENOMINATION
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