Re:                                                                                             Portman Building
Society
                                                                                                 GBP 950000
                                                                                                 MATURING: 12-Jul-2012
                                                                                                 ISIN: XS0261721442
                                                                                                                         
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 12-Jan-2009 TO 14-Apr-2009 HAS BEEN FIXED AT 2.387500 PCT
  
 DAY BASIS: ACTUAL/365(FIX)
  
 INTEREST PAYABLE VALUE 14-Apr-2009 WILL AMOUNT TO:
 GBP 300.89 PER GBP 50000 DENOMINATION
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