FRN Variable Rate Fix

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Permanent Custodians Ltd



Re:  PERMANENT CUSTODIANS LIMITED
     EUR 580,000,000.00
     MATURING: 10-Nov-2033
     ISIN: XS0157859348

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
11-Aug-2008 TO 10-Nov-2008 HAS BEEN FIXED AT 5.22 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 10-Nov-2008 WILL AMOUNT TO:
EUR 124.21 PER EUR 9,417.26 DENOMINATION

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