Permanent Financing (No. 5) plc



Re:  PERMANENT FINANCING NO.5 PLC
     EUR 43,500,000.00
     MATURING: 10-Jun-2042
     ISIN: XS0197061764

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10-Jun-2008 TO 10-Sep-2008 HAS BEEN FIXED AT 5.297000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 10-Sep-2008 WILL AMOUNT TO:
EUR 588,849.83 PER EUR 43,500,000.00 DENOMINATION
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