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
19-Nov-2003 TO 19-Feb-2004 HAS BEEN FIXED AT 4.356250 PCT

INTEREST PAYABLE VALUE 19-Feb-2004 WILL AMOUNT TO:
GBP 109.50 PER GBP 10,000.00 DENOMINATION
GBP 1,095.01 PER GBP 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881