Permanent Master Issuer PLC



Re:  PERMANENT MASTER ISSUER PLC
     USD 43,000,000.00
     MATURING: 15-Jul-2042
     ISIN: US71419GAN07

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Jan-2008 TO 15-Apr-2008 HAS BEEN FIXED AT 4.427500 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 15-Apr-2008 WILL AMOUNT TO:
USD 481,244.65 PER USD 43,000,000.00 DENOMINATION
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