Notice of Amendment (2751I)

TIDM56VM

RNS Number : 2751I

Permanent Financing (No.7) PLC

10 June 2011

PERMANENT FINANCING (NO. 7) PLC

(the "Seventh Issuer")

NOTICE OF AMENDMENT TO THE AMENDMENT DOCUMENTS

THIS ANNOUNCEMENT CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE EXISTING NOTES (AS DEFINED BELOW).

THIS ANNOUNCEMENT IS MADE FURTHER TO THE ANNOUNCEMENT RELATING TO THE NOTICE OF MEETINGS OF NOTEHOLDERS MADE BY THE SEVENTH ISSUER ON 31 MAY 2011 REGARDING THE PROPOSAL TO MAKE CERTAIN AMENDMENTS TO THE PROGRAMME.

FURTHER INFORMATION REGARDING THE MATTERS REFERRED TO IN THIS ANNOUNCEMENT IS AVAILABLE IN THE NOTICE OF MEETINGS (THE "NOTICE") ISSUED BY THE SEVENTH ISSUER ON 31 MAY 2011, INCLUDING THE EXPLANATORY MEMORANDUM ATTACHED THERETO, AND YOU ARE ENCOURAGED TO READ THIS ANNOUNCEMENT IN CONJUNCTION WITH THE SAME.

Permanent No.7 GBP500,000,000 Series 5 Class A Residential Mortgage Backed Notes due 2032 (ISIN: XS0215356485)

(the "Existing Notes")

Capitalised terms in this announcement shall, except where the context otherwise requires and save where otherwise defined herein, bear the meanings ascribed to them in the Notice.

Notice is hereby given by the Seventh Issuer that, in accordance with the Notice, certain of the Amendment Documents have been amended in line with the Proposed Amendments as previously notified to Noteholders and blacklined copies (showing the changes from the originally available Amendment Documents) and clean versions of the same will be available for inspection, at the specified office of the Principal Paying Agent and in the Data Room.

Permanent Financing (No. 7) PLC

Dated: 10 June 2011

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