Britannia Building


RE: BRITANNIA BUILDING SOCIETY
    USD 750,000,000.00
    MATURING: 14-Mar-2011
    ISSUE DATE: 14-Mar-2006
    ISIN: XS0247000036

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14-Mar-2007 TO 14-Jun-2007 HAS BEEN FIXED AT 5.455000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 14-Jun-2007 WILL AMOUNT TO:
USD 1394.06 PER USD 100,000.00 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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