Paragon Mortgages (No12) PLC

RE: Paragon Mortgages (No12) PLC
GBP 145,000,000.00
MATURING: 15-Nov-2038
ISSUE DATE: 20-Jul-2006
ISIN: XS0261646136

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jul-2006 TO 15-Nov-2006 HAS BEEN FIXED AT 4.888010 PCT

DAY BASIS 118/365

INTEREST PAYABLE VALUE 15-Nov-2006 WILL AMOUNT TO:
GBP 790.12 PER GBP 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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