Britannia Building Society

RE: BRITANNIA BUILDING SOCIETY
    GBP 250,000,000.00
    MATURING: 25/Jul/2006
    ISSUE DATE: 25/Jul/2001
    ISIN: XS0132469122

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
25/Apr/2006 TO 25/Jul/2006 HAS BEEN FIXED AT 4.776880 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 25/Jul/2006 WILL AMOUNT TO:
GBP 119.09 PER GBP 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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