Northern Rock Grows its Children's Account Family With a Market Leading Rate

GOSFORTH, England, August 4, 2010 - Northern Rock has announced the launch of its 'Little Rock' Fixed Rate
Bond.

Following the successful introduction of the Little Rock Instant Access
Account in April 2010, the Little Rock Fixed Rate Bond is the latest member
of Northern Rock's family of children's savings accounts (
www.northernrock.co.uk/savings/branch-and-postal-accounts/little-rock-instant-access/).

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The new Fixed Rate Bond
(www.northernrock.co.uk/savings/fixed-rate-bonds/)
offers a market leading rate of interest for a minimum
deposit of only GBP1. As well as a great rate, every 'little rocker' who
opens an account will receive a choice of free gifts from their new friend,
Little Rock. The account can be opened through Northern Rock's branch network
and by post from 2 August 2010.

The Little Rock Fixed Rate Bond (FRB) is available to customers aged
under 16, with an appropriate adult named on the account as trustee.

The account offers 5.00% gross* p.a., fixed until 1 September 2013, with
interest paid annually on 31 July. This can be added to the account or paid
into another account, or that of another bank or building society. A monthly
interest option is also available to provide a regular income should that be
required.

Strictly a limited issue, Little Rock FRB (Issue 1) can be opened by
cash, cheque or by transfer. The account has a maximum balance limit of
GBP20,000, and no withdrawals are permitted before the account reaches
maturity on 1 September 2013.

Northern Rock's Marketing Director Anthony Mooney said: "Little Rock
received a fantastic reception when we introduced it back in April, and this
Little Rock Bond for children is a great addition to the range.

"It will give parents even more of what they want - a simple,
straightforward product with a competitive rate, to help their children save
for their future."

In keeping with Northern Rock's commitment to providing openness,
transparency, and fair treatment of customers, full product details for
Northern Rock accounts are available on application in the Terms and
Conditions.

Notes to Editors:

Little Rock Fixed Rate Bond:

*GROSS is the rate of interest paid to eligible non-taxpayers without
deduction of tax. Please note interest will be paid net of tax unless you are
eligible to receive interest gross and submit the required registration form
to us.

**AER stands for Annual Equivalent Rate and shows what the interest rate
would be when interest is paid and added to the capital balance each year.

Northern Rock Savings Pledge:

Northern Rock's Savings Pledge continues to ensure that its savers are
kept fully informed of any changes to their accounts. Northern Rock writes to
its savers every time it changes the interest rate on their account. In
addition, if the account is a notice account and rates are to be reduced, the
advance notice will be at least the same as the notice period.

About Northern Rock:

Northern Rock (www.northernrock.co.uk/) plc is a new bank,
authorised by the FSA as a deposit taker and mortgage lender from 1 January
2010. It holds and services around GBP19 billion of savings balances and
GBP10 billion of mortgage accounts. It offers new savings (
www.northernrock.co.uk/savings/) and mortgage products.

Northern Rock plc Registered in England and Wales under company number
6952311.

Registered Office: Northern Rock House, Gosforth, Newcastle upon Tyne,
NE3 4PL.

Authorised and regulated by the Financial Services Authority.

    Media Contacts:
    Nigel Charlesworth
    Communications Manager
    Northern Rock House
    Gosforth
    Newcastle upon Tyne
    NE3 4PL
    +44(0)191-279-4676
    www.northernrock.co.uk

Media Contacts: Nigel Charlesworth, Communications Manager, Northern Rock House, Gosforth, Newcastle upon Tyne, NE3 4PL, +44(0)191-279-4676