Permanent Master Issuer PLC


Re:  PERMANENT MASTER ISSUER PLC
     USD 1,350,000,000.00
     MATURING: 15-Oct-2033
     ISIN: US71419GAL41

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Apr-2008 TO 15-Jul-2008 HAS BEEN FIXED AT 2.793130 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 15-Jul-2008 WILL AMOUNT TO:
USD 9,531,556.13 PER USD 1,350,000,000.00 DENOMINATION
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