Permanent Master Issuer Plc


RE: Permanent Master Issuer Plc
    USD 1,750,000,000.00
    MATURING: 15-Oct-2015
    ISSUE DATE: 17-Oct-2006
    ISIN: US71419GAB68

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
16-Jan-2007 TO 16-Apr-2007 HAS BEEN FIXED AT 5.400000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 16-Apr-2007 WILL AMOUNT TO:
USD 23,625,000.00 PER USD 1,750,000,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881



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