Nottingham Building Society
25 August 2005

                     NOTTINGHAM BUILDING SOCIETY ANNOUNCES
                                NEW CHIEF EXECUTIVE


Nottingham Building society has today announced that Ian Rowling, Deputy Chief
Executive, is to become the society's new Group Chief Executive from 1st January
2006 when Stuart Brandreth, who will have held that office for 19 years, will
step down.

David Thompson, chairman, commented: 'Stuart has led the society with great
distinction and has helped to transform it into one of the most efficient and
friendly in the country.  As an enthusiastic promoter of the society's values,
with wide experience of the building society industry, Ian is well able to face,
and greatly looks forward to, the challenges which lie ahead.'

Mr Rowling, aged 53 joined the society in 1977 and was appointed to the board in
1987.  He is married with three adult children.  He is a fellow of the Chartered
Institute of Bankers, and gained an MBA at the University of Nottingham.


Notes:

Nottingham Building Society was established in 1850 and is the 16th largest
building society in the UK.

At 30/6/05 its assets totalled £2.35 Billion.

The society employs approximately 500 staff, including around 100 employed
within the society's estate agency, Nottingham Property Services.

Ian's interests include most sport, especially rugby union, cycling and walking.

For more information contact Stuart Brandreth on 0115 956 4224 or email
stuart.brandreth@thenottingham.com



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