FRN Variable Rate Fix - Amendment

Woolwich PLC
1 June 2000


The issuer has made the following 'amendment to day basis' 
on the 'FRN Variable Rate Fix' announcement released on 
Tuesday, 23 May 2000 at 13:46 hours under RNS No 0583L.


All other details remain unchanged.

The full corrected version is shown below.
-------------------------------------------------------------------

RE:   WOOLWICH PLC 
      GBP 40,000,000 SERIES 109 EMTN
      DUE APRIL 2003
      ISIN: XS0110598991

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 25APR00 TO 25JUL00 HAS BEEN FIXED AT 6.43188 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 25JUL00 WILL AMOUNT TO:
GBP 1,599.18 PER GBP 100,000 DENOMINATION.
--------------------------------------------------------------------


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL:  [phone]/3855 OR FAX:  [phone].


FROM  RATEFIX DESK
      CITIBANK N.A., LONDON