Permanent Financing (No.4) plc 

RE: PERMANENT FINANCING NO. 4 PLC
    EUR 1,500,000,000.00
    MATURING: 10/Mar/2034
    ISSUE DATE: 12/Mar/2004
    ISIN: XS0187595516

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12/Jun/2006 TO 11/Sep/2006 HAS BEEN FIXED AT 3.140000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 11/Sep/2006 WILL AMOUNT TO
EUR 11,905,833.33 PER EUR 1,500,000,000.00 NOMINAL.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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