52ME Sthn.pac.42c1cs

    

Southern Pacific Securities 04-2 plc




As Agent Bank, please be advised of the following rate determined on: 10-Dec-2007

Issue               : Southern Pacific Securities 04-2 plc - Class C1c
                      GBP 19,400,000.00 Mortgage Backed FRN Due 10 December 2042
ISIN Number         : XS0196616360
Common Code/        : US84359VAM46
144A ISIN
Issue Nomin     GBP : 19,400,000.00
Period              : 10-Dec-2007 to 10-Mar-2008          Payment Date 10-Mar-2008
Number of Days      : 91
Rate                : 7.415
Denomination GBP    : 10,000.00

Amount Payable
per Denomination    : 184.36

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services  Facsimille          44 1202 689601

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