Permanent Master Issuer


RE: PERMANENT MASTER ISSUER PLC
    USD 1,500,000,000.00
    MATURING: 15/Jul/2033
    ISSUE DATE: 17/Oct/2006
    ISIN: US71419GAG55

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
16/Jul/2007 TO 15/Oct/2007 HAS BEEN FIXED AT 5.470000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 15/Oct/2007 WILL AMOUNT TO:
USD 20,740,416.67 PER USD 1,500,000,000.00 NOMINAL.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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