Perpetual Trustee Company 2002-1E SWAN Trust


As Agent Bank, please be advised of the following rate determined on:11-Jul-2008
Issue                   : PERPETUAL TRUSTEE COMPANY 2002-1E SWAN Trust
                     USD 550,000,000 Class A Mortgage Backed FRN Due 13 Jul 2033
ISIN Number             : XS0151375333
Interest Rate           : 2.968130%
Base Rate               : 2.788130%
Interest Period         : 14-Jul-08 to 14-Oct-08
Day Count Method        : Actual/260
Number of Days in Period: 92
Payment Date            : 14-Oct-08
Next Pool Factor        : 0.118196221818

Denomination :               Coupon:
    100,000.00               USD  89.65


Bank of New York
Rate Fix Desk                           Telephone      44 1202 689580
Corporate Trust Services                Facsimile      44 1202 689601



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