FRN Variable Rate Fixes

WOOLWICH PLC
24 August 1999


RE:   WOOLWICH PLC
      GBP 10,000,000 SERIES 71 EMTN
      DUE  NOVEMBER 2001
      ISSUED 26 NOVEMBER 1996
      ISIN: XS0071589989

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 24AUG99 TO 24NOV99 HAS BEEN FIXED AT  5.25906  PCT PER ANNUM.


THE COUPON AMOUNT DUE 24NOV99 WILL AMOUNT TO:
GBP 1,325.57  PER GBP 100,000 DENOMINATION.
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RE:   WOOLWICH PLC
      ITL 15,000,000,000 SERIES 85 EMTN
      DUE  NOVEMBER 2007
      ISSUED 08 OCTOBER 1997
      ISIN: XS0080965113

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 26AUG99 TO 26NOV99 HAS BEEN FIXED AT  2.81563  PCT PER ANNUM.


THE COUPON AMOUNT DUE 26NOV99 WILL AMOUNT TO:
ITL  719,550  PER ITL 100,000,000 DENOMINATION.
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