Preferred Residential Securities 8 plc

As Agent Bank, please be advised of the following rate determined on: 13-Jun-2006

Issue               : Preferred Residential Securities 8 plc - Class C1c 
                      EUR 5,000,000.00 Mortgage Backed FRN Due 15 Dec 2042
ISIN Number         : XS0198319229
Common Code/        : US740380AN04
144A ISIN
Issue Nomin     EUR : 5,000,000.00
Period              : 15-Jun-2006 to 15-Sep-2006          Payment Date 15-Sep-2006
Number of Days      : 92
Rate                : 3.839                        
Denomination EUR    : 50,000.00                                       

Amount Payable 
per Denomination    : 464.98                                

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