LONDON--()--
| Re: | PERMANENT MASTER ISSUER PLC |
| GBP 400000000 | |
| MATURING: 15-Jul-2042 | |
| ISIN: XS0484703862 | |
| PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD | |
| 04-Feb-2010 TO 15-Apr-2010 HAS BEEN FIXED AT 1.870670 PCT | |
| DAY BASIS: ACTUAL/365(PROP) | |
| INTEREST PAYABLE VALUE 15-Apr-2010 WILL AMOUNT TO: | |
| GBP 1435034.52 PER GBP 400000000 DENOMINATION | |

