Holmes Financing (No.1) Plc




As Agent Bank, please be advised of the following rate determined on: 15-Jan-2008

Issue               : Holmes Financing (No1) Plc - Series 4 Class C
                      GBP 14,000,000.00 FRN Due 15 Jul 2040
ISIN Number         : XS0114780421
Common Code/        : 114780421
144A ISIN
Issue Nomin     GBP : 14,000,000.00
Period              : 15-Jan-2008 to 15-Apr-2008          Payment Date 15-Apr-2008
Number of Days      : 91
Rate                : 7.41688
Denomination GBP    : 10,000.00         100,000.00

Amount Payable
per Denomination    : 184.41            1,844.09

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



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