Mound Financing (No.4) Plc

As Agent Bank, please be advised of the following rate determined on:04-May-2006

Issue               : Mound Financing (No.4) plc - Series 1 - Class C
                      USD 31,800,000 Asset Backed FRN due 8 Feb 2042
ISIN Number         : XS0229398150
Common Code/
144A ISIN           : US62052MAC29
Issue Nomin     USD : 31,800,000.00
Period              :  08-May-2006 to 08-Aug-2006      Payment Date 08-Aug-2006
Number of Days      : 92
Rate                : 5.62
Denomination    US  : 100,000.00   31,800,000.00
Amount Payable 
per Denomination    : 1,436.22      456,718.67

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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