Permanent Financing No 4


RE: PERMANENT FINANCING NO 4 PLC
    GBP 32,000,000.00
    MATURING: 10-Jun-2042
    ISSUE DATE: 12-Mar-2004
    ISIN: XS0187602155

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-Mar-2007 TO 11-Jun-2007 HAS BEEN FIXED AT 6.027500 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 11-Jun-2007 WILL AMOUNT TO:
GBP 480,878.90 PER GBP 32,000,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881



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