BW20030415002113  20030415T170346Z UTC


( BW)(PARAGON-PERS&AUTO-2)(AG54) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--April 15, 2003--

RE: PARAGON PERSONAL AND AUTO FINANCE (NO 2)PLC
    GBP 146,900,000 CLASS A ASSET BACKED FLOATING RATE NOTES
    DUE: 2022
    ISIN: XSO140279471

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15APR03 TO 15JUL03 HAS BEEN FIXED AT 4.05375 PCT

INTEREST PAYABLE VALUE 15JUL03 WILL AMOUNT TO:
GBP 101.07 PER GBP 10,000 DENOMINATION
---------------------------------------------------------------

RE: PARAGON PERSONAL AND AUTO FINANCE (NO 2)PLC
    GBP 70,900,000 CLASS B ASSET BACKED FLOATING RATE NOTES
    DUE: 2033
    ISIN: XSO140279638

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15APR03 TO 15JUL03 HAS BEEN FIXED AT 4.87375 PCT

INTEREST PAYABLE VALUE 15JUL03 WILL AMOUNT TO:
GBP 121.51 PER GBP 10,000 DENOMINATION
---------------------------------------------------------------

RE: PARAGON PERSONAL AND AUTO FINANCE (NO 2)PLC
    GBP 26,900,000 CLASS C ASSET BACKED FLOATING RATE NOTES
    DUE: 2033
    ISIN: XSO140279802

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15APR03 TO 15JUL03 HAS BEEN FIXED AT 6.42375 PCT

INTEREST PAYABLE VALUE 15JUL03 WILL AMOUNT TO:
GBP 160.15 PER GBP 10,000 DENOMINATION


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881

   Short Name: Paragon Pers&Auto 2
   Category Code: RC
   Sequence Number: 00003979
   Time of Receipt (offset from UTC): 20030415T171438+0100

    --30--ZW/uk*

    CONTACT: Paragon Pers&Auto 2

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Paragon Pers&Auto 2

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