Source - BUS

FRN Variable Rate Fix

Sandwell Commercial Finance No. 1 Plc

Re: SANDWELL COMMERCIAL FINANCE NO.1 PLC

GBP 5,000,000.00

MATURING: 11-May-2039

ISIN: XS0191373926

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

HAS BEEN FIXED AT 5.88 PCT

DAY BASIS: ACTUAL/365(GBP)

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

GBP 7,323.63 PER GBP 500,000.00 DENOMINATION