PREFERRED RESIDENTIAL SECURITIES 7 PLC


As Agent Bank, please be advised of the following rate determined on:16-Jun-2008

Issue               : Preferred Residential Securities 7 plc - Class A2
                      GBP 309,600,000 Mortgage Backed FRN Due 15 Dec 2041
ISIN Number         : XS0183097939
Common Code/        : 18309793
144A ISIN
Issue Nomin     GBP : 309,600,000.00
Period              : 16-Jun-2008 to 15-Sep-2008       Payment Date 15-Sep-2008
Number of Days      : 91
Rate                : 6.405                     Pool Factor:    0.164919
Denomination GB     : 1,649.19

Amount Payable
per Denomination    : 26.26

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



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