BS10 Blend 38

    Nationwide Building Society

RE: NATIONWIDE BUILDING SOCIETY
    CAD 250,000,000.00
    MATURING: 04/Aug/2006
    ISSUE DATE: 04/Aug/2004
    ISIN: XS0197926685

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
06/Feb/2006 TO 04/May/2006 HAS BEEN FIXED AT 3.837140 PCT.

DAY BASIS 87/365

INTEREST PAYABLE VALUE 04/May/2006 WILL AMOUNT TO
CAD 91.46 PER CAD 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.

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