Re:                                                                                                 Britannia Bldg Soc
                                                                                                     EUR 300,000,000.00
                                                                                                     MATURING:
18-May-2016
                                                                                                     ISIN: XS0254625998
                                                                                                                          
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 18-Nov-2008 TO 18-Feb-2009 HAS BEEN FIXED AT 4.503000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 18-Feb-2009 WILL AMOUNT TO:
 EUR 575.38 PER EUR 50,000.00 DENOMINATION
    


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