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    Westland/Utrecht Hypotheekbank N.V.

RE: WESTLAND/UTRECHT HYPOTHEEKBANK BANK N.V.
    GBP 15,000,000.00
    MATURING: 22/Aug/2006
    ISSUE DATE: 22/Aug/2001
    ISIN: XS0134492957

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23/May/2005 TO 22/Aug/2005 HAS BEEN FIXED AT 4.972500 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 22/Aug/2005 WILL AMOUNT TO:
GBP 12,397.19 PER GBP 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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