PREFERRED RESIDENTIAL SECURITIES 5 PLC




As Agent Bank, please be advised of the following rate determined on: 13-Dec-2007

Issue               : Preferred Residential Securities 05-01 plc - Class B1a
                      EUR 7,000,000.00 Mortgage Backed FRN Due 15 Jun 2043
ISIN Number         : XS0217637213
Common Code/        : US740378AG98
144A ISIN
Issue Nomin     EUR : 7,000,000.00
Period              : 17-Dec-2007 to 17-Mar-2008          Payment Date 17-Mar-2008
Number of Days      : 91
Rate                : 5.198                       Pool Factor:    0.8100198
Denomination EUR    : 81,001.98

Amount Payable
per Denomination    : 1,064.32

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



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