FRN Variable Rate Fix
September 12 2006 - 8:10AM
UK Regulatory
Southern Pacific Securities 05-1 plc
As Agent Bank, please be advised of the following rate determined on:
11-Sep-2006
Issue : Southern Pacific Securities 05-1 plc - Class B1c
GBP 45,500,000.00 Mortgage Backed FRN Due 10 Jun 2043
ISIN Number : XS0212691660
Common Code/ : US84359WAE03
144A ISIN
Issue Nomin GBP : 45,500,000.00
Period : 11-Sep-2006 to 11-Dec-2006 Payment Date 11-Dec-2006
Number of Days : 91
Rate : 5.25625
Denomination GBP : 50,000.00
Amount Payable
per Denomination : 655.23
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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