Permanent Master Issuer plc



Re:  PERMANENT MASTER ISSUER PLC
     GBP 1,375,000,000.00
     MATURING: 15-Jul-2042
     ISIN: XS0359635454

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23-Apr-2008 TO 15-Jul-2008 HAS BEEN FIXED AT 5.965800 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 15-Jul-2008 WILL AMOUNT TO:
GBP 18,602,375.00 PER GBP 1,375,000,000.00 DENOMINATION
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