90IX Euro.bk.24

    Britannia Building Society

RE: Britannia Bldg Soc
    GBP 2,550,000.00
    MATURING: 09/Nov/2011
    ISSUE DATE: 15/Nov/2005
    ISIN: XS0235550349

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
09/Aug/2006 TO 09/Nov/2006 HAS BEEN FIXED AT 5.062500 PCT.

DAY BASIS 92/365

INTEREST PAYABLE VALUE 09/Nov/2006 WILL AMOUNT TO
GBP 638.01 PER GBP 50,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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