Paragon Mortgages (No.10) PLC - November 2005

Issuer	Paragon Mortgages (No.10) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date	17 November 2005
Originators	Paragon Mortgages Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued	Class A1	Class A2a	Class A2b	Class B1a	Class B1b	Class C1a	Class C1b
Original Rating (S&P/Moody’s/Fitch)	A-1+/P-1/F1+	AAA/Aaa/AAA	AAA/Aaa/AAA	AA/Aa2/AA	AA/Aa2/AA	A/A2/A	A/A2/A
Current Rating (S&P/Moody’s/Fitch)	AA/Aaa/AAA	AA/Aaa/AAA	AA/Aaa/AAA	AA/Aa2/AAA	AA/Aa2/AAA	AA-/A2/A+	AA-/A2/A+
Original Notes	$1,100,000,000	£105,000,000	€222,000,000	£31,000,000	€19,500,000	£51,500,000	€27,500,000
GBP Equivalent	£631,095,812	£105,000,000	£150,000,000	£31,000,000	£13,175,676	£51,500,000	£18,581,081
Currency Exchange Rates	£1 : $1.7430	N/A	£1 : €1.48	N/A	£1 : €1.48	N/A	£1 : €1.48
Note Denominations	$100,000	£50,000	€50,000	£50,000	€50,000	£50,000	€50,000
Initial Margins	0bp	16bp	16bp	27bp	27bp	55bp	55bp
Current Margin	9bp	32bp	32bp	54bp	54bp	110bp	110bp
Step Up Dates	N/A	December 2010	December 2010	December 2010	December 2010	December 2010	December 2010
Step Up Margins	TBA	32bp	32bp	54bp	54bp	110bp	110bp
Optional Redemption Dates	December 2009	December 2009	December 2009	December 2009	December 2009	December 2009	December 2009
Principal Determination Dates	Last business day of February, May, August and November
Quarterly Interest Payment Dates	15 March, 15 June, 15 September, 15 December
A1 Monthly Interest Payment Date	15^thof each month, commencing 15^thDecember 2005
Class A1 Mandatory Transfer Date	Each Interest Payment Date falling on 15 September annually and commencing on 15 September 2006
Joint Lead Managers	Barclays Capital, 5 The North Colonnade, Canary Wharf, London, E14 4BB Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB
Administrators	Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee	Citicorp Trustee Company Limited, Citigroup Centre, 6^thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies	Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent/	Citibank, N.A. Citigroup Centre, 21^stFloor, Canada Square, Canary Wharf, London, E14 5LB
U.S.Paying Agent	Citibank, N.A. 388 Greenwich Street, 14^thFloor, New York, N.Y. 10043, U.S.A.
Tender Agent	Citibank, N.A. Citigroup Centre, 21^stFloor, Canada Square, Canary Wharf, London, E14 5LB
Class A1 Remarketing Agent	Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Class A1 Conditional Note Purchaser	Sheffield Receivables Corporation, c/o Barclays Bank PLC, 200 Park Avenue, 5^thFloor, New York 10166 USA
Legal Advisors to the Issuer/Administrators	Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Lead Manager and Trustee	Herbert Smith LLP, Exchange House, Primrose Street, London, EC2A 2HS
Auditors to the Issuer	KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets	Investment Home Loans
Subordinated Loan Providers	Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Services PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator	Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE
Substitute Administrator Facilitator	Structured Finance Management Limited, 35 Great St. Helen’s, London, EC3A 6AP
SWAP Counterparty	JP Morgan Chase Bank, 12^thFloor, 125 London Wall, London, EC2Y 5AJ NatWest Markets, N.V. (London Branch), 250 Bishopsgate, London, EC2M 4AA
Currency SWAP Provider	HSBC Bank plc, 8 Canada Square, London, E14 5HQ
Flexible Drawing Facility Provider	Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 17th March 2014)