FRN Variable Rate Fix

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Portman Building Society



Re:  Portman Building Society
     GBP 950000
     MATURING: 12-Jul-2012
     ISIN: XS0261721442

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14-Jul-2008 TO 13-Oct-2008 HAS BEEN FIXED AT 5.886250 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 13-Oct-2008 WILL AMOUNT TO:
GBP 733.77 PER GBP 50000 DENOMINATION

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