Woolwich PLC

RE: WOOLWICH BUILDING SOCIETY PLC
    GBP 1,500,000.00
    MATURING: 15-Sep-2005
    ISSUE DATE: 15-Sep-2000
    ISIN: XS0117758614

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Dec-2003 TO 15-Mar-2004 HAS BEEN FIXED AT 4.071250 PCT.

INTEREST PAYABLE VALUE 15-Mar-2004 WILL AMOUNT TO
GBP 1,012.77 PER GBP 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.