Mound Financing (No.5) plc

As Agent Bank, please be advised of the following rate determined on:05-Jun-2006

Issue               : Mound Financing (No. 5) plc - Series 3
                      GBP 9,000,000 Class B2 Asset Backed FRN due 8 Feb 2042
ISIN Number         : XS0255925736
Common Code /       : US620524AH11
144A ISIN
Issue Nomin     GBP : 9,000,000.00
Period              : 05-Jun-2006 to 08-Aug-2006 Payment Date 08-Aug-2006
Number of Days      : 64
Rate                : 4.8683
Denomination    GB  : 50,000.00    9,000,000.00

Amount Payable 
per Denomination    : 426.81      76,825.77        

Rate Fix Desk                       Telephone   44(0) 1202 34 1286
Institutional Trust Services        Facsimile   44(0) 1202 34 7939

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