Auburn Securities 3



As Agent Bank, please be advised of the following rate determined on: 01-May-2008
Issue              � Auburn Securities 3 Plc - Class M
                     GBP 26,200,000.00 Mortgage Backed FRN Due 01-Nov-2039
ISIN Number        � XS0157588723
Common Code / 144A � 15758872
 ISIN
Issue Nomin GBP    � 26,200,000.00
Period             � 01-May-2008 to 03-Jun-2008            Payment Date 03-Jun-2008
Number of Days     � 33
Rate               � 6.71438
Denomination GBP   � 10,000.00             �                      �

Amount Payable per � 605.39                �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601



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