Auburn Securities 3


As Agent Bank, please be advised of the following rate determined on:01-Jul-2008
Issue               : Auburn Securities 3 plc - Class M
                      GBP 26,200,000 Mortgage Backed FRN Due 01 Nov 2039
ISIN Number         : XS0157588723
Common Code/        : 15758872
144A ISIN
Issue Nomin     GBP : 26,200,000.00
Period              : 01-Jul-2008 to 01-Aug-2008    Payment Date 01-Aug-2008
Number of Days      : 31
Rate                : 6.74375
Denomination    GB  : 10,000.00

Amount Payable
per Denomination    : 57.12

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



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