Permanent Master Issuer PLC


Re:  PERMANENT MASTER ISSUER PLC
     GBP 650,000,000.00
     MATURING: 15-Oct-2033
     ISIN: XS0288093957

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Jan-2008 TO 15-Apr-2008 HAS BEEN FIXED AT 5.766880 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 15-Apr-2008 WILL AMOUNT TO:
GBP 9,319,971.37 PER GBP 650,000,000.00 DENOMINATION
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