AS63 Lloyds Bcm 26

    Permanent Financing No 1 PLC

RE: Permanent Financing (No.1) Plc
    GBP 52,000,000.00
    MATURING: 10-Jun-2042
    ISSUE DATE: 14-Jun-2002
    ISIN: XS0148362337

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-Dec-2005 TO 10-Mar-2006 HAS BEEN FIXED AT 5.841250 PCT

DAY BASIS 88/365

INTEREST PAYABLE VALUE 10-Mar-2006 WILL AMOUNT TO:
GBP 732,316.71 PER GBP 52,000,000.00 DENOMINATION

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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