FRN Variable Rate Fix
| 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-May-2012 TO 13-Aug-2012 HAS BEEN FIXED AT 1.228750 PCT | |
| DAY BASIS: ACTUAL/365(GBP) | |
| INTEREST PAYABLE VALUE 13-Aug-2012 WILL AMOUNT TO: | |
| GBP 268.67 PER GBP 85,136.03 DENOMINATION | |
Sandwell Commercial Finance No.1 Plc
