Permanent Financing (No.4)


RE: PERMANENT FINANCING (NO.4) PLC
    GBP 54,000,000.00
    MATURING: 10-Jun-2042
    ISSUE DATE: 12-Mar-2004
    ISIN: XS0187602403

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
11-Dec-2006 TO 12-Mar-2007 HAS BEEN FIXED AT 6.173750 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 12-Mar-2007 WILL AMOUNT TO:
GBP 831,172.81 PER GBP 54,000,000.00 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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