FRN Variable Rate Fixes

Woolwich PLC
24 February 2000

RE:   WOOLWICH PLC 
      ITL 15,000,000,000 SERIES 85 EMTN
      DUE NOVEMBER 2007
      ISIN: XS0080965113

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 28FEB00 TO 26MAY00 HAS BEEN FIXED AT 3.75688 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 26MAY00 WILL AMOUNT TO:
ITL 918,348 PER ITL 100,000,000 DENOMINATION.
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RE:   WOOLWICH PLC 
      GBP 10,000,000 SERIES 71 EMTN
      DUE NOVEMBER 2001
      ISIN: XS0071589989

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 24FEB00 TO 24MAY00 HAS BEEN FIXED AT 6.28875 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 24MAY00 WILL AMOUNT TO:
GBP 1,546.41 PER GBP 100,000 DENOMINATION.


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