TIDM64RR 
 
 
Re:  SANDWELL COMMERCIAL FINANCE NO.1 PLC 
     GBP 10,000,000.00 
     MATURING: 11-May-2039 
     ISIN: XS0191373686 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
11-May-2012 TO 13-Aug-2012 HAS BEEN FIXED AT 2.258750 PCT 
DAY BASIS: ACTUAL/365(GBP) 
INTEREST PAYABLE VALUE 13-Aug-2012 WILL AMOUNT TO: 
GBP 2,900.58 PER GBP 500,000.00 DENOMINATION
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