LONDON--()--
| Re: | PARAGON MORTGAGES (NO.14) PLC 144A |
| USD 1,500,000,000.00 | |
| MATURING: 15-Sep-2039 | |
| ISIN: US69913FAA57 | |
| PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD | |
| 15-Nov-2012 TO 17-Dec-2012 HAS BEEN FIXED AT 0.408000 PCT | |
| DAY BASIS: ACTUAL/360 | |
| INTEREST PAYABLE VALUE 17-Dec-2012 WILL AMOUNT TO: | |
| USD 25.28 PER USD 69,717.17 DENOMINATION | |


