35ZV Abu Dhabi 28 A

    Britannia Building

RE: BRITANNIA BUILDING SOCIETY
GBP 5,500,000.00
MATURING: 22-Dec-2010
ISSUE DATE: 30-Dec-2004
ISIN: XS0209198257

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Jun-2006 TO 22-Sep-2006 HAS BEEN FIXED AT 4.876880 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 22-Sep-2006 WILL AMOUNT TO:
GBP 122.92 PER GBP 10,000.00 DENOMINATION

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

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