Source - BUS

FRN Variable Rate Fix

Citibank

Re: PERMANENT MASTER ISSUER PLC

    GBP  1,750,000,000.00

    MATURING: 15-Jul-2058

    ISIN: XS1515233663

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 15-Oct-2019 TO 15-Jan-2020

HAS BEEN FIXED AT  1.56 PCT

DAY BASIS: ACTUAL/365(PROP)

INTEREST PAYABLE VALUE 15-Jan-2020 WILL AMOUNT TO:

GBP  6,883,217.21 PER GBP  1,750,000,000.00 DENOMINATION