82NY Hsbc Bk. 24

    Woolwich PLC

RE: WOOLWICH PLC
ITL 15,000,000,000.00
MATURING: 26-Nov-2007
ISSUE DATE: 08-Oct-1997
ISIN: XS0080965113

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Aug-2004 TO 26-Nov-2004 HAS BEEN FIXED AT 2.242500 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 26-Nov-2004 WILL AMOUNT TO:
ITL 573,083.33 PER ITL 100,000,000.00 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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