First Flexible No.5 plc



As Agent Bank, please be advised of the following rate determined on: 01-Jul-2008
Issue              � First Flexible No 5 Plc - Class M
                     GBP 22,500,000.00 FRN Due 01-Jun-2034
ISIN Number        � XS0149246554
Common Code / 144A � 14924655
 ISIN
Issue Nomin GBP    � 22,500,000.00
Period             � 01-Jul-2008 to 01-Aug-2008            Payment Date 01-Aug-2008
Number of Days     � 31
Rate               � 6.29375
Denomination GBP   � 10,000.00             �                      �

Amount Payable per � 53.31                 �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601



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