Permanent Master Issuer PLC



Re:  PERMANENT MASTER ISSUER PLC
     GBP 41,300,000.00
     MATURING: 15-Jul-2042
     ISIN: XS0288100836

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Oct-2007 TO 15-Jan-2008 HAS BEEN FIXED AT 6.42 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 15-Jan-2008 WILL AMOUNT TO:
GBP 668,361.03 PER GBP 41,300,000.00 DENOMINATION
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