AS63 Lloyds Bcm 26

    Permanent Financing No 1 PLC

RE: PERMANENT FINANCING (NO.1) PLC
    GBP 52,000,000.00
    MATURING: 10/Jun/2042
    ISSUE DATE: 14/Jun/2002
    ISIN: XS0148361362

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10/Mar/2006 TO 12/Jun/2006 HAS BEEN FIXED AT 1.880000 PCT

DAY BASIS 94/365

INTEREST PAYABLE VALUE 12/Jun/2006 WILL AMOUNT TO:
GBP 653,518.90 PER 52,000,000.00 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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