TIDM87JO 
 
 
Re:  PARAGON MORTGAGES (NO.14) PLC 
     GBP 51,900,000.00 
     MATURING: 15-Sep-2039 
     ISIN: XS0291724044 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
15-Mar-2012 TO 15-Jun-2012 HAS BEEN FIXED AT 1.398690 PCT 
DAY BASIS: ACTUAL/365(FIX) 
INTEREST PAYABLE VALUE 15-Jun-2012 WILL AMOUNT TO: 
GBP 176.27 PER GBP 50,000.00 DENOMINATION
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