Auburn Securities 3

As Agent Bank, please be advised of the following rate determined on:03-APR-2006

Issue               : Auburn Securities 3 Plc - Class M
                      GBP 26,200,000 Mortgage backed FRN due 1 Nov 2039
ISIN Number         : XS0157588723
Common Code/
144A ISIN           : 15758872
Issue Nomin     GBP : 26,200,000.00
Period              : 03-Apr-2006  TO 02-May-2006   Payment Date 02-May-2006
Number of Days      : 29
Rate                : 5.83688     
Denomination    GB  : 10,000.00
Amount Payable 
per Denomination    : 46.38

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

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