Southern Pacific Financing 04-A plc


As Agent Bank, please be advised of the following rate determined on:10-Jun-2008
Issue               : Southern Pacific Financing 04-A plc - Class B
                      GBP 21,000,000 Mortgage Backed FRN due 10 Dec 2042
ISIN Number         : XS0190204445
Common Code/        : 19020444
144A ISIN
Issue Nomin     GBP : 21,000,000.00
Period              : 10-Jun-2008 to 10-Sep-2008       Payment Date 10-Sep-2008
Number of Days      : 92
Rate                : 6.55                             Pool Factor: 0.246263
Denomination    GB  : 2,462.63

Amount Payable
per Denomination    : 405.46

Bank of New York
Rate Fix Desk                           Telephone  44 1202 689580
Institutional Trust Services            Facsimille 44 1202 689601



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