AG54 Citi Fun 26

    Paragon Personal & Auto Finance No.2 Plc

RE: PARAGON PERSONAL AND AUTO FINANCE NO.2 PLC
    GBP 26,900,000.00
    MATURING: 15-Jan-2033
    ISSUE DATE: 12-Dec-2001
    ISIN: XS0140279802

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Apr-2004 TO 15-Jly-2004 HAS BEEN FIXED AT 7.120000 PCT

INTEREST PAYABLE VALUE 15-Jly-2004 WILL AMOUNT TO:
GBP 177.03 PER GBP 10,000.00 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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