Nationwide Building Society

RE: NATIONWIDE BUILDING SOCIETY
    USD 15,000,000.00  
    MATURING: 26/Jan/2009
    ISSUE DATE: 26/Jan/2004
    ISIN: XS0184491370

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26/Jan/2006 TO 26/Apr/2006 HAS BEEN FIXED AT 4.710000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 26/Apr/2006 WILL AMOUNT TO
USD 117.75 PER USD 10,000.00 DENOMINATION.
-------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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