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RNS Number:7049S
HSBC Bank plc
14 October 2005

14th October 2005

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                            Portman Building Society

                              Stabilisation Notice


HSBC Bank plc (Co-ordinating Stabilising Manager) (contact: Stephanie Rawles;
telephone: 020 7991 5856) hereby gives notice that no stabilisation (within the
meaning of the rules of the Financial Services Authority) was undertaken by the
Stabilising Manager named below in relation to the offer of the following
securities.


Issuer:                              Portman Building Society

Guarantor (if any):

Aggregate nominal amount:            US$ 750,000,000

Description:                         Floating Rate Note due 18th October 2010 - 
                                     XS0231643296

Stabilising Managers:                HSBC Bank plc
                                     UBS


The notice refers to FSA rules rather than the Regulation as some stabilisation
may occur before application is made for admission to the regulated market.

2 The Co-ordinating Stabilising Manager is likely to prefer to restrict the
information on stabilisation to that given to it by the Stabilising Managers.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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