Woolwich PLC

RE: WOOLWICH PLC
    GBP 150,000,000.00
    MATURING: 12/Feb/2012
    ISSUE DATE: 12/Feb/1997
    ISIN: XS0073220625

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23/Feb/2006 TO 23/May/2006 HAS BEEN FIXED AT 4.947500 PCT.

DAY BASIS 89/365

INTEREST PAYABLE VALUE 23/May/2006 WILL AMOUNT TO:
GBP 120.64 PER GBP 10,000.00 DENOMINATION.
GBP 1,206.38 PER GBP 100,000.00 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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