Chelsea Building Society



Fixing Date                          � 5/2/2008

Issue                                � Chelsea Building Society
                                        Series 56

ISIN                                 � xs0283244720

Pursuant to our appointment as Agent for the above stated issue,
please be advised of the following interest rate determination:

Date from                            � 4/18/2008
Date to                              � 7/18/2008
Total Rate                           � 6.00375%
Day count/Day Basis                  � Act/365
Denomination                         � GBP 50,000.00
Nominal Amount                       � GBP 15,000,000.00
Coupon Amount                        � GBP 224,523.80
Pool factor                          � 1



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