Auburn Securities 3

As Agent Bank, please be advised of the following rate determined on:01-Feb-2006

Issue           : Auburn Securities 3 Plc - Class M 
                  GBP26,200,000 Mortgage Backed FRN due 1 Nov 2039
ISIN Number     : XS0157588723
Common Code/    : 15758822
144A ISIN
Issue Nomin  GBP: 26,200,000.00 
Period          : 01-Feb-2006 to 01-Mar-2006  Payment Date 01-Mar-2006
Number of Days  : 28
Rate            : 5.835                                        
Denomination GB : 10,000.00 

Amount Payable 
per Denomination: 44.76 

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

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