NOTICE

To the holders of the Outstanding

£305,000,000 Class A2a mortgage backed floating rate notes due 2035

(Reg S Common Code: 020341092; Reg S ISIN: XS0203410922; Reg S WKN: A0DEEC)

issued by Paragon Mortgages (No.8) PLC (the "Issuer")

Further to the notice of 20 December 2012, NOTICE IS HEREBY GIVEN to the holders of the above Notes that, at the Adjourned  Meetings of the Class A2b Noteholders, the Class B1a Noteholders and the Class B1b Noteholders held at the offices of Clifford Chance LLP at 10 Upper Bank Street, Canary Wharf, London E14 5JJ on Wednesday 16 January 2013, the Extraordinary Resolutions set out in the Notices of Adjourned Meetings, previously notified to those Noteholders on 20 December 2012, were duly passed.

Therefore, consent from Noteholders of all Classes of Notes issued by the Issuer for the Trustee to execute the Amendment Documents in respect of the securitisation transaction by the Issuer has been obtained.

Paragon Mortgages (No.8) PLC

23 January 2013