Cancellation - PARAGON MORTGAGES (NO.11) PLC

Class B1a Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of GBP50,000 each and integral multiples of GBP1,000 thereafter), (Regulation S)

Class A1 Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of USD100,000 each and integral multiples of USD1,000 thereafter), (Regulation S)

Class C1b Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of EUR50,000 each and integral multiples of EUR1,000 thereafter), (Regulation S)

Class A1 Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of USD100,000 each and integral multiples of USD1,000 thereafter), (Rule 144A)

Class A2a Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of GBP50,000 each and integral multiples of GBP1,000 thereafter), (Regulation S)

Class A2b Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of EUR50,000 each and integral multiples of EUR1,000 thereafter), (Regulation S)

Class B1b Mortgage Backed Floating Rate Notes due 15/10/2041, fully paid, (Registered in denominations of EUR50,000 each and integral multiples of EUR1,000 thereafter), (Regulation S)