87GG Investec Bnk 23

     Re:                                                                                             Derbyshire Building
Society
                                                                                                 EUR 325000000
                                                                                                 MATURING: 27-Jun-2012
                                                                                                 ISIN: XS0307087840
                                                                                                                            
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 29-Dec-2008 TO 27-Mar-2009 HAS BEEN FIXED AT 3.144000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 27-Mar-2009 WILL AMOUNT TO:
 EUR 384.27 PER EUR 50000 DENOMINATION
    
    

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