Northern Rock PLC
06 February 2008


Northern Rock plc - Notice to Noteholders

To the holders of the outstanding U.S.$100,000,000 8 per cent. Undated
Subordinated Notes (the 'Notes') issued by Northern Rock plc (the 'Issuer')
under a U.S.$25,000,000,000 Euro Medium Term Note Programme.

ISIN: XS0097551526

NOTICE IS HEREBY GIVEN to the holders of the Notes that, pursuant to Condition 5
(f) of the Terms and Conditions of the Notes (the 'Terms and Conditions'):

(i) the Interest Date falling on 15 March 2008 will be an Optional Interest
Payment Date; and

(ii) the Issuer has elected to pay interest due on such Optional Interest
Payment Date.

Capitalised terms used herein shall bear the meanings ascribed to them in the
Terms and Conditions.

For further information, please contact:

ISSUER

Northern Rock plc
Northern Rock House
Gosforth
Newcastle upon Tyne
NE3 4PL

Antony Swalwell Tony Laggan
Capital Markets Settlements
Tel: +44 (0)191 279 4553 Tel: +44 (0) 191 279 6109

ISSUING AND PRINCIPAL PAYING AGENT

Citibank, N.A.
21st Floor
Canada Square
Canary Wharf
London 
E14 5LB

TRUSTEE

The Law Debenture Trust Corporation plc
Fifth Floor
100 Wood Street
London 
EC2V 7EX






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