RAMS Mortgage Securities


As Agent Bank, please be advised of the following rate determined on:18-Jan-2007
Issue               : RAMS Mortgage Securities Pty Limited - Class 1 - A - Reg S
                      EUR 750,000,000 Mortgage Backed FRN due 21 Jul 2035
ISIN Number         : XS0191114155
Common Code /         19111415
144A ISIN
Issue Nomin     EUR : 750,000,000.00
Period              : 22-Jan-2007 to 23-Apr-2007  Payment Date 23-Apr-2007
Number of Days      : 91
Rate                : 3.964             Pool Factor: 0.546149
Denomination    EU  : 273,074.30
Amount Payable
per Denomination    : 2,736.23

Institutional       Telephone   44(0) 1202 32 8236
Trust Services      Facsimile   44(0) 1202 34 7939



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