FRN Variable Rate Fix
March 23 2007 - 2:00PM
UK Regulatory
Southern Pacific Securities 04-2 plc
As Agent Bank, please be advised of the following rate determined on: 12-Mar-2007
Issue : Southern Pacific Securities 04-2 plc - Class D1c
GBP 19,400,000.00 Mortgage Backed FRN Due 10 Dec 2042
ISIN Number : XS0196618069
Common Code/ : US84359VAQ59
144A ISIN
Issue Nomin GBP : 19,400,000.00
Period : 12-Mar-2007 to 11-Jun-2007 Payment Date 11-Jun-2007
Number of Days : 91
Rate : 7.1275
Denomination GBP : 10,000.00
Amount Payable
per Denomination : 177.70
JPMorgan Chase Bank
Rate Fix Desk Telephone 44 (0) 1202 32 8226
Institutional Trust Services Facsimille 44 (0) 1202 34 7939
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