Permanent Master Issuer PLC


RE: PERMANENT MASTER ISSUER PLC
    USD 43,000,000.00
    MATURING: 15/Jul/2042
    ISSUE DATE: 01/Mar/2007
    ISIN: US71419GAM24

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
16/Jul/2007 TO 15/Oct/2007 HAS BEEN FIXED AT 5.410000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 15/Oct/2007 WILL AMOUNT TO
USD 588,036.94 PER USD 43,000,000.00 NOMINAL.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866.
Email: rate.fixing@citigroup.com
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