Permanent Master Issuer PLC



RE: PERMANENT MASTER ISSUER PLC
    USD 43,000,000.00
    MATURING: 15-Jul-2042
    ISSUE DATE: 01-Mar-2007
    ISIN: US71419GAM24

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
01-Mar-2007 TO 16-Apr-2007 HAS BEEN FIXED AT 5.382070 PCT

DAY BASIS 46/360

INTEREST PAYABLE VALUE 16-Apr-2007 WILL AMOUNT TO:
USD 295,714.85 PER USD 43,000,000.00 NOMINAL.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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