99QK Sandvik 25

    Mitsubishi Securities International PLC

As Agent Bank, please be advised of the following rate determined on:
31-Aug-2006

Issue               : Mitsubishi Securities International PLC - Series 251 
                      JPY 500,000,000.00 MTN/Fixed-CMS Due 3 Sep 2021
ISIN Number         : XS0134339414
Common Code/        : 13433941
144A ISIN
Issue Nomin     JPY : 500,000,000.00
Period              : 04-Sep-2006 to 05-Mar-2007       Payment Date 05-Mar-2007
Number of Days      : 182
Rate                : 2.417                        
Denomination JPY    : 100,000,000.00                                  

Amount Payable 
per Denomination    : 1,205,189.00                                    

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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Sandvik 25 (LSE:99QK)
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