FRN Variable Rate Fix
11 September 2008 - 3:08PM
UK Regulatory
Southern Pacific Securities 05-1 plc
As Agent Bank, please be advised of the following rate determined on: 10-Sep-2008
Issue � Southern Pacific Securities 05-1 plc - Class A2c
GBP 230,850,000.00 Mortgage Backed FRN Due 10-Jun-2043
ISIN Number � XS0212691314
Common Code / 144A � 21269131
ISIN
Issue Nomin GBP � 230,850,000.00
Period � 10-Sep-2008 to 10-Dec-2008 Payment Date 10-Dec-2008
Number of Days � 91
Rate � 5.87688 Pool Factor: 0.089953
Denomination GBP � 4,497.65 � �
Amount Payable per � 65.72 � �
Denomination
Bank of New York
Rate Fix Desk Telephone � 44 1202 689580
Corporate Trust Services Facsimile � 44 1202 689601
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