Auburn Securities 3

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

Issue :         Auburn Securities 3 Plc - Class A2 
                GBP 267,630,000 Mortgage backed FRN due 1 Nov 2039 
ISIN Number :   XS0157588210 
Common Code/ 
144A ISIN :     15758821 
Issue Nomin     GBP : 267,630,000.00 
Period :        03-Apr-2006 to 02-May 2006 Payment Date 02-May-2006 
Number of Days :29
Rate :          4.91188             Pool Factor: 0.560151 
Denomination GB: 5,601.51 
Amount Payable 
per Denomination : 21.86

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

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