Investments

NATIONWIDE LAUNCHES NEW GUARANTEED EQUITY BOND WITH PARTICIPATION RATE OF 65%

With effect from Monday 18 June 2007, Nationwide Building Society is to launch a new tranche of its Guaranteed Equity Bond (GEB) with a participation rate of 65%. The five year bond guarantees to
return the original investment, plus 10% or up to 65% of any growth, whichever is greater, in the value of the FTSE 100, Nikkei 225 and DJEuroSTOXX 50 indices.

Nationwide is also offering an early investor bonus for customers who invest in the new GEB. The bonus increases any investment made between 18 June 2007 and 11 August 2007 by up to 0.80% (see notes
to editors for further details).

Robin Bailey, Nationwide's divisional director investments, said: "The Nationwide GEB is ideal for anyone who wishes to make a risk-free investment in the stock market. It enables investors to
benefit from the performance of some of the world's top companies - listed on the stock markets of the UK, Europe and Japan - without taking any risks with their original capital and providing the
opportunity to receive even greater returns.

"Anyone investing in a Nationwide GEB will be guaranteed to receive their original investment back at the end of the term, including any early investor bonus. In addition to this, they will benefit
from a minimum 10% growth over the five year term with the added potential of even greater returns of up to 65% of any growth in the value of the three worldwide indices. Therefore, the return is
always more than the original amount invested."