Woolwich PLC

RE: WOOLWICH PLC
    GBP 3,000,000.00     
    MATURING: 04-Aug-2005
    ISSUE DATE: 04-Aug-2000
    ISIN: XS0115745563

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
04-Nov-2003 TO 04-Feb-2004 HAS BEEN FIXED AT 4.040000 PCT.

INTEREST PAYABLE VALUE 04-Feb-2004 WILL AMOUNT TO
GBP 1,017.27 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.