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Sandwell Commercial Finance No2



Re:  SANDWELL COMMERCIAL FINANCE NO.2 PLC
     GBP 17,150,000.00
     MATURING: 30-Sep-2037
     ISIN: XS0229030712

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
30-Jun-2008 TO 30-Sep-2008 HAS BEEN FIXED AT 6.496250 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 30-Sep-2008 WILL AMOUNT TO:
GBP 797.68 PER GBP 48,849.43 DENOMINATION

Sandwell 2 'c' (LSE:81RD)
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