Permanent Custodians Ltd



Please be advised that the following issues have redeemed early:

ISIN:             XS0139241805
Issuer:           Permanent Custodians LTD (Arms 2 Euro Fund)
Call Date:        13.11.2007
Nominal:          USD 582,000,000 (Cash Value $56,640,589.20)
Call price:       100% + Interest
New amount O/S:   NIL



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