FRN Variable Rate Fix

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Permanent Financing (No.4)


Re:  PERMANENT FINANCING (NO.4) PLC
     USD 55,400,000.00
     MATURING: 10-Jun-2042
     ISIN: US71419QAK40

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10-Mar-2008 TO 10-Jun-2008 HAS BEEN FIXED AT 3.790000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 10-Jun-2008 WILL AMOUNT TO:
USD 536,579.78 PER USD 55,400,000.00 DENOMINATION

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