Re:                                                                                             Portman Building Society
                                                                                                 GBP 3750000
                                                                                                 MATURING: 12-Jul-2012
                                                                                                 ISIN: XS0261721103
                                                                                                                         
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 22-Oct-2008 TO 22-Jan-2009 HAS BEEN FIXED AT 6.058750 PCT
  
 DAY BASIS: ACTUAL/365(FIX)
  
 INTEREST PAYABLE VALUE 22-Jan-2009 WILL AMOUNT TO:
 GBP 763.57 PER GBP 50000 DENOMINATION
    


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