Permanent Master Issuer



Re:  PERMANENT MASTER ISSUER PLC
     USD 35,800,000.00
     MATURING: 15-Jul-2042
     ISIN: US71419GAE08

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Oct-2007 TO 15-Jan-2008 HAS BEEN FIXED AT 5.44 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 15-Jan-2008 WILL AMOUNT TO:
USD 497,928.28 PER USD 35,800,000.00 DENOMINATION
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