As Agent Bank, please be advised of the following rate determined            on: 02-Jan-2009
 Issue                             � First Flexible No. 5 plc - Class M
                                   GBP 22,500,000.00 FRN Due 01-Jun-2034
 ISIN Number                       � XS0149246554
 Common Code / 144A ISIN           � 14924655
 Issue Nomin GBP                   � 22,500,000.00
 Period                            � 02-Jan-2009 to 02-Feb-2009              Payment Date 02-Feb-2009
 Number of Days                    � 31
 Rate                              � 2.91375
 Denomination GBP                  � 10,000.00             �                                    �
                                                                                                     
 Amount Payable per Denomination   � 24.75                 �                                    �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    
    


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