POB.L Regulatory News (POB)

13 Jul 2005 16:00

Barclays Capital13 July 2005 13th July Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. PORTMAN BUILDING SOCIETY Stabilisation Notice Barclays Capital (contact: Mark Geller; telephone: 0207 773 9098) hereby givesnotice that the Stabilising Managers named below may stabilise the offer of thefollowing securities in accordance with Commission Regulation (EC) No. 2273/2003implementing the Market Abuse Directive (2003/6/EC). The securities: Issuer: Portman Building Society Guarantor (if any): Aggregate nominal amount: €600,000,000 Description: Senior, unsecured, unsubordinated Offer price: 99.863 Stabilisation: Stabilising Manager(s): Barclays Capital of 5, the North Colonnade, London E14 4BB. Dresdner Kleinwort Wasserstein of 20 Fenchurch Street, London EC3P 3DB Stabilisation period expected 13 July 2005to start on: Stabilisation period expected 1 September 2005 (30 days after the proposed to end no later than: issue date of the securities) Maximum size of over-allotment 5% of the aggregate nominal amount stated above.facility: Prospectus: A prospectus dated 8 July relating to these securities is available. In connection with the offer of the above securities, the Stabilising Managersmay over-allot the securities or effect transactions with a view to supportingthe market price of the securities at a level higher than that which mightotherwise prevail. However, there is no assurance that the Stabilising Managerswill take any stabilisation action and any stabilisation action, if begun, maybe ended at any time. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Issuer in any jurisdiction. To the extent that the offer of the securities is made in any EEA Member Statethat has implemented Directive 2003/71/EC (together with any applicableimplementing measures in any Member State, the "Prospectus Directive") beforethe date of publication of a prospectus in relation to the securities which hasbeen approved by the competent authority in that Member State in accordance withthe Prospectus Directive (or, where appropriate, published in another MemberState and notified to the competent authority in that Member State in accordancewith the Prospectus Directive), the offer is only addressed to qualifiedinvestors in that Member State within the meaning of the Prospectus Directive orhas been or will be made otherwise in circumstances that do not require theIssuer to publish a prospectus pursuant to the Prospectus Directive. This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offer of securities in the United States. This information is provided by RNS The company news service from the London Stock Exchange