REG-Paragon Mortgages No11 Plc FRN Variable Rate Fix

* Reuters is not responsible for the content in this press release.

Tue Jan 15, 2008 11:11am EST 

LONDON--(Business Wire)--
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*T
Re:  Paragon Mortgages No11 Plc
     USD 985,000,000.00
     MATURING: 15-Oct-2041
     ISIN: US69911MAA27

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Jan-2008 TO 15-Feb-2008 HAS BEEN FIXED AT 4.336250 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 15-Feb-2008 WILL AMOUNT TO:
USD 309.42 PER USD 82,864.47 DENOMINATION
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Paragon Mortgages No11 Plc

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