TIDM64RO 
 
 
Re:  SANDWELL COMMERCIAL FINANCE NO.1 PLC 
     GBP 205,000,000.00 
     MATURING: 11-May-2039 
     ISIN: XS0191369221 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
11-Nov-2011 TO 13-Feb-2012 HAS BEEN FIXED AT 1.226720 PCT 
DAY BASIS: ACTUAL/365(GBP) 
INTEREST PAYABLE VALUE 13-Feb-2012 WILL AMOUNT TO: 
GBP 325.99 PER GBP 103,469.92 DENOMINATION
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