Source - BUS

FRN Variable Rate Fix

Sandwell Commercial Finance No. 1 Plc

Re: SANDWELL COMMERCIAL FINANCE NO.1 PLC

GBP 10,000,000.00

MATURING: 11-May-2039

ISIN: XS0191373686

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 11-Feb-2019 TO 13-May-2019

HAS BEEN FIXED AT 2.13 PCT

DAY BASIS: ACTUAL/365(GBP)

INTEREST PAYABLE VALUE 13-May-2019 WILL AMOUNT TO:

GBP 268.34 PER GBP 50,649.97 DENOMINATION