FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

Re:	Paragon Mortgages (No12) PLC
	USD 1,500,000,000.00
	MATURING: 15-Nov-2038
	ISIN: US69913BAA44
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Nov-2012 TO 17-Dec-2012 HAS BEEN FIXED AT 0.448000 PCT
DAY BASIS: ACTUAL/360
INTEREST PAYABLE VALUE 17-Dec-2012 WILL AMOUNT TO:
USD 23.80 PER USD 59,765.04 DENOMINATION