BRITANNIA BUILDING SOCIETY


Re:  BRITANNIA BUILDING SOCIETY
     GBP 7,200,000.00
     MATURING: 18-Jun-2009
     ISIN: XS0149901513

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
18-Dec-2007 TO 18-Mar-2008 HAS BEEN FIXED AT 6.536250 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 18-Mar-2008 WILL AMOUNT TO:
GBP 1,629.59 PER GBP 100,000.00 DENOMINATION
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