REG-Chelsea Building Society FRN Variable Rate Fix

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Tue May 20, 2008 12:49pm EDT 

LONDON--(Business Wire)--

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Fixing Date                          ¦ 19/05/2008

Issue                                ¦ Chelsea Building Society
                                        Series 75

ISIN                                 ¦ xs0362725037

Pursuant to our appointment as Agent for the above stated issue,
please be advised of the following interest rate determination:

Date from                            ¦ 07/05/2008
Date to                              ¦ 07/08/2008
Total Rate                           ¦ 6.59313%
Day count/Day Basis                  ¦ Act/365
Denomination                         ¦ GBP 100,000.00
Nominal Amount                       ¦ GBP 5,000,000.00
Coupon Amount                        ¦ GBP 83,091.50
Pool factor                          ¦ 1
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Chelsea Building Society

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