Sandwell Commercial Finance No.2 PLC



Re:  SANDWELL COMMERCIAL FINANCE NO.2 PLC
     GBP 18900000
     MATURING: 30-Sep-2037
     ISIN: XS0229030472

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
30-Sep-2008 TO 31-Dec-2008 HAS BEEN FIXED AT 6.640000 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 31-Dec-2008 WILL AMOUNT TO:
GBP 788.76 PER GBP 48011.03 DENOMINATION
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