38IN Lloyds Bk.

        
 Re:                                                                                             Sandwell
                                                                                                 GBP 19150000
                                                                                                 MATURING: 31-Dec-2032
                                                                                                 ISIN: XS0357088987
                                                                                                                      
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 31-Dec-2008 TO 31-Mar-2009 HAS BEEN FIXED AT 3.970000 PCT
  
 DAY BASIS: ACTUAL/365(PROP)
  
 INTEREST PAYABLE VALUE 31-Mar-2009 WILL AMOUNT TO:
 GBP 489.44 PER GBP 50000 DENOMINATION
    
    
    

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