RNS Number:2852D
Portman Building Society
19 May 2006

Portman Building Society have issued a GBP 50m FRN, rated A2/A+ by Moody's/
Fitch.  Due 19tth May 2009 with a pay date 19th May 2006, the deal pays a coupon
of 3 month LIBOR -8bp and has an issue price of 100.00.  National Australia Bank
are Lead Manager for the deal, which will be listed in London.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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