TIDM81RC 
 
Re:  SANDWELL COMMERCIAL FINANCE NO.2 PLC 
     GBP 18,900,000.00 
     MATURING: 30-Sep-2037 
     ISIN: XS0229030472 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
31-Mar-2011 TO 30-Jun-2011 HAS BEEN FIXED AT 1.16 PCT 
DAY BASIS: ACTUAL/365(PROP) 
INTEREST PAYABLE VALUE 30-Jun-2011 WILL AMOUNT TO: 
GBP 167.65 PER GBP 36,635.53 DENOMINATION
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