Auburn Securities 3




As Agent Bank, please be advised of the following rate determined on: 01-Mar-2007

Issue               : Auburn Securities 4 Plc - Class M
                      GBP 26,200,000.00 Mortgage Backed FRN Due 1 Nov 2039
ISIN Number         : XS0157588723
Common Code/        : 15758872
144A ISIN
Issue Nomin     GBP : 26,200,000.00
Period              : 01-Mar-2007 to 02-Apr-2007          Payment Date 02-Apr-2007
Number of Days      : 32
Rate                : 6.67875
Denomination GBP    : 10,000.00

Amount Payable
per Denomination    : 58.55

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services           Facsimille 44 (0) 1202 34 7939



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