Woolwich PLC

RE: WOOLWICH PLC
    GBP 4,000,000.00     
    MATURING: 23-Jun-2005
    ISSUE DATE: 23-Jun-2000
    ISIN: XS0113377328

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23-Sep-2003 TO 23-Dec-2003 HAS BEEN FIXED AT 3.773590 PCT.

INTEREST PAYABLE VALUE 23-Dec-2003 WILL AMOUNT TO
GBP 940.81 PER GBP 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON

TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.