07 November 2008
    Issue: Principality Building Society
    Series 2
    XS0219199188
    Pursuant to our appointment as Agent for the above stated issue, please be
    advised of the following interest rate determination:
    Date From: 11 November 2008
    Date To: 11 February 2009
    Value Date: 11 February 2009
    Benchmark Rate: 4.474%
    Margin: 0.19%
    Total Rate: 4.664%
    Number of Days: 92
    Day Count: Actual / 360
    Interest Frequency: Quarterly
    Denomination: EUR 100,000.00
    Amount per Denomination:
    EUR 1,191.91
    Total Amount Due:
    EUR 238,382.22
    Pool Factor: 1
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