54PW Nat.grd.e.em52

    Westland Utrecht

RE: WESTLAND/UTRECHT HYPOTHEEKBANK FLOATING RATE EMTN
    EUR 41,000,000.00
    MATURING: 14/Mar/2011
    ISSUE DATE: 14/Mar/2001
    ISIN: XS0126073930

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14/Jun/2006 TO 14/Sep/2006 HAS BEEN FIXED AT 3.133000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 14/Sep/2006 WILL AMOUNT TO
EUR 8,006.56 PER EUR 1,000,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.

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