Credit Report		Nationwide
		2005	2004	2003	2002
Balance Sheet
Liquid Assets	£000	14,740,300	15,259,100	17,425,400	16,985,200
Loans secured on Residential Property & Land	£000	97,637,600	89,603,700	78,195,700	63,773,700
Total Loans and Advances	£000	101,347,600	92,721,900	80,706,200	65,733,400
Total Assets	£000	120,586,000	111,596,800	101,428,400	85,417,700
Shares held by individuals	£000	80,910,200	72,575,500	65,927,700	60,930,200
Other Shares and Borrowings	£000	29,243,100	29,908,900	26,788,500	17,399,700
Total Shares and Borrowings	£000	110,153,300	102,484,400	92,716,200	78,329,900
Subordinated Debt	£000	1,446,300	1,439,800	925,600	594,000
Subscribed Capital	£000	741,200	692,200	691,700	296,400
Total Reserves	£000	5,031,400	4,563,600	4,553,000	4,186,100
Capital Funds	£000	7,218,900	6,695,600	6,170,300	5,076,500
Mortgage Arrears > 12 Months	£000	5,200	5,400	5,400	8,900
Balance Sheet Ratios
Liquid Assets / Total Assets	%	12.22	13.67	17.18	19.88
Loans sec. on Res.Prop /Shares held by individ.	%	120.67	123.46	118.61	104.67
Total Reserves /Total Shares and Borrowing	%	4.57	4.45	4.91	5.34
Total Loans & Advances / Total Reserves		20.14	20.32	17.73	15.70
Total Loans & Advances / Capital Funds		14.04	13.85	13.08	12.95
Loans sec. On Res.Prop /Total Loans & Advances	%	96.34	96.64	96.89	97.02
Other Shares & Borrow's /Total Shares & Borrow's	%	26.55	29.18	28.89	22.21
Debt in Arrear / Mortgage Debt	%	0.01	0.01	0.01	0.01
Profit & Loss
Total Interest Receivable	£000	5,799,900	5,211,200	3,870,800	3,547,000
Total Income	£000	6,436,000	5,822,300	4,259,100	3,813,100
Total Interest Payable	£000	4,565,600	4,019,600	2,772,100	2,515,900
Net Interest Income+Other Income & Charges	£000	1,659,100	1,547,500	1,375,900	1,209,800
Administrative Expenses (inc Depreciation)	£000	991,200	940,300	865,600	807,100
Provision for Losses	£000	44,500	(100)	3,700	49,400
Profit Before Tax	£000	559,200	513,900	426,800	353,300
Profit For Financial Year	£000	397,200	367,000	317,900	262,700
Profit & Loss Ratios
Profit Before Tax / Total Assets	%	0.46	0.46	0.42	0.41
Profit For Financial Year / Total Reserves	%	7.89	8.04	6.98	6.28
Cost / Income Ratio	%	59.74	60.76	62.91	66.71
Credit Report		Nationwide
		Society	Industry	Society	Industry
Balance Sheet Changes		2005/04	2005/04	2005/2001	2005/2001
Liquid Assets	%	(3.40)	12.02	(1.77)	38.57
Loans secured on Residential Property & Land	%	8.97	10.88	77.06	65.29
Total Loans and Advances	%	9.30	11.08	78.85	66.26
Total Assets	%	8.06	11.80	61.96	60.68
Shares held by individuals	%	11.48	12.34	45.93	44.76
Other Shares and Borrowings	%	(2.23)	8.76	128.65	114.79
Total Shares and Borrowings	%	7.48	11.25	61.44	60.28
Subordinated Debt	%	0.45	12.39	859.72	313.02
Subscribed Capital	%	7.08	12.00	150.24	120.67
Total Reserves	%	10.25	8.02	29.39	27.93
Capital Funds	%	7.82	9.16	66.51	53.82
Mortgage Arrears > 12 Months	%	(3.70)	7.33	(57.38)	(64.50)
Balance Sheet Ratio Changes
Liquid Assets / Total Assets	%	(10.60)	0.19	(39.35)	(13.76)
Loans sec. on Res.Prop /Shares held by individ.	%	(2.26)	(1.30)	21.33	14.18
Total Reserves /Total Shares and Borrowing	%	2.57	(2.91)	(19.85)	(20.18)
Total Loans & Advances / Total Reserves	%	(0.86)	2.83	38.23	29.96
Total Loans & Advances / Capital Funds	%	1.38	1.75	7.42	8.09
Loans sec. On Res.Prop / Total Loans & Advances	%	(0.31)	(0.18)	(1.00)	(0.58)
Other Shares & Borrow's /Total Shares & Borrow's	%	(9.03)	(2.24)	41.63	34.01
Debt in Arrear / Mortgage Debt	%	(11.63)	(3.20)	(75.93)	(78.52)
Profit & Loss Changes
Total Interest Receivable	%	11.30	14.80	51.81	46.77
Total Income	%	10.54	12.83	59.47	49.91
Total Interest Payable	%	13.58	17.38	60.51	51.79
Net Interest Income+Other Income & Charges	%	7.21	6.22	46.40	41.72
Administrative Expenses (inc Depreciation)	%	5.41	6.15	28.59	41.26
Provision for Losses	%	< (1,000)	(404.61)	20.92	(25.31)
Profit Before Tax	%	8.81	3.11	71.69	25.55
Profit For Financial Year	%	8.23	2.49	70.33	23.01
Profit & Loss Ratio Changes
Profit Before Tax / Total Assets	%	0.70	(7.77)	6.01	(21.86)
Profit For Financial Year / Total Reserves	%	(1.83)	(5.12)	31.64	(3.85)
Cost / Income Ratio	%	(1.68)	(0.06)	(12.16)	(0.33)