February 10, 2010 11:16 AM Eastern Time

FRN Variable Rate Fix

Re:	Britannia Bldg Soc
	GBP 1250000
	MATURING: 09-Nov-2010
	ISIN: XS0235549929

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
09-Feb-2010 TO 10-May-2010 HAS BEEN FIXED AT 0.710310 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 10-May-2010 WILL AMOUNT TO:
GBP 87.57 PER GBP 50000 DENOMINATION