Southern Pacific Securities D PLC

As Agent Bank, please be advised of the following rate determined on:12-Sep-2005

Issue               : Southern Pacific Securities D Plc - Class A
                      �198,640,000 FRN Due 10 Mar 2040
ISIN Number         : XS0148238081
Common Code/
144A ISIN           : 14823808
Issue Nomin     GBP : 198,640,000.00
Period              : 12-Sep-2005 to 12-Dec-2005      Payment Date 12-Dec-2005
Number of Days      : 91
Rate                : 4.96281           Pool Factor: 0.1166
Denomination    GB  : 1,166.00
Amount Payable 
per Denomination    : 14.43

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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