REG-Chelsea Building Society FRN Variable Rate Fix

LONDON--(Business Wire)--

13 July 2009

Issue: Chelsea Building Society

Series 32

XS0217145183

Pursuant to our appointment as Agent for the above stated issue, please be

advised of the following interest rate determination:

Date From: 13 July 2009

Date To: 13 October 2009

Value Date: 13 October 2009

Benchmark Rate: 1.02125%

Margin: 0.15%

Total Rate: 1.17125%

Number of Days: 92

Day Count: Actual / 365 (Fixed)

Interest Frequency: Quarterly

Denomination: GBP 100,000.00

Amount per Denomination:

GBP 295.22

Total Amount Due:

GBP 14,761.00

Pool Factor: 1

Chelsea Building Society

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