Bonus Announcement

The Society has now declared Bonus rates for the year ending 31st December 2007. We are delighted to report that we have been able to announce strong reversionary bonus rates which I am confident will keep us near the top in terms of With Profit bonus declarations. In addition for maturing 5 year bonds the terminal bonus has been held at 10%.

Our Reversionary bonus rates for 2007 are as follows:

Tax Exempt Savings Plan - 4.5%
Tax Exempt Savings Plan with Life Assurance - 4.5%
Regular Savings Plan - 3.5%
Mini Stocks & Shares / Insurance ISA - 7%
5 Year Bond - 4.5%
Investment Bond -4.5%
Income Bond - 4.5%
Pension Bond - 5.5%

Research of the market will show that there are very few with profit providers that can match our bonus levels on any product. This announcement demonstrates stability and strength in a low to medium risk environment.

The assets under management have grown to a figure in excess of £21.4m. Our free asset ratio is currently 24% giving you even greater confidence to recommend Sheffield Mutual.

Asset allocation:-
Equities - 32.33%
Gilts & Fixed Interest - 9.91%
Commercial Property - 36.98%
Commercial Mortgages - 15.55%
Cash - 5.22%