REG-Standard LifeBankPLC FRN Variable Rate Fix

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Wed May 27, 2009 3:41am EDT 

LONDON--(Business Wire)--

 As Agent Bank, please be advised of the following rate determined on: 26/05/09                                                                           
 Issue                            | Standard Life Bank plc - Series 2008-2 - GBP 600,000,000 Covered Bond due 26 August 2011                             
                                                                                                                                                         
 ISIN Number                      | XS0399590032                                                                                                         
 ISIN Reference                   | 39959003                                                                                                             
 Issue Nomin GBP                  | 600,000,000                                                                                                          
 Period                           | 26/05/09 to 26/08/09                                                   Payment Date 26/08/09                       
 Number of Days                   | 92                                                                                                                   
 Rate                             | 1.87875                                                                                                             
 Denomination GBP                 | 100,000                   | 600,000,000                                                            |             
                                                                                                                                                        
 Amount Payable per Denomination  | 473.55                    | 2,841,287.67                                                           |             
                                                                                                                                                        
 Bank of New York                                                                                                                                       
 Rate Fix Desk                                                 Telephone                                  | 44 1202 689580                            
 Corporate Trust Services                                       Facsimile                                  | 44 1202 689601                            


Standard LifeBankPLC 

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