Permanent Financing No 4

RE: PERMANENT FINANCING NO.4 PLC
GBP 32,000,000.00
MATURING: 10-Jun-2042
ISSUE DATE: 12-Mar-2004
ISIN: XS0187602155

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-Jun-2006 TO 11-Sep-2006 HAS BEEN FIXED AT 5.220000 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 11-Sep-2006 WILL AMOUNT TO
GBP 416,455.89 PER GBP 32,000,000.00 NOMINAL.

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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