TIDM40YB 
 
 
Re:  Paragon Mortgages (No12) PLC 
     GBP 25000000 
     MATURING: 15-Nov-2038 
     ISIN: XS0261647886 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
16-May-2011 TO 15-Aug-2011 HAS BEEN FIXED AT 1.061880 PCT 
DAY BASIS: ACTUAL/365(FIX) 
INTEREST PAYABLE VALUE 15-Aug-2011 WILL AMOUNT TO: 
GBP 132.37 PER GBP 50000 DENOMINATION
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