Southern Pacific Financing 04-A plc




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

Issue               : Southern Pacific Financing 04-A plc - Class D
                      GBP 8,750,000.00 Mortgage Backed FRN Due 10 December 2042
ISIN Number         : XS0190205681
Common Code/        : 19020568
144A ISIN
Issue Nomin     GBP : 8,750,000.00
Period              : 10-Dec-2007 to 10-Mar-2008          Payment Date 10-Mar-2008
Number of Days      : 91
Rate                : 8.465                       Pool Factor:    0.325717
Denomination GBP    : 3,257.17

Amount Payable
per Denomination    : 68.55

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



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