RNS Number:5185K
Broadgate Financing PLC
1 April 2005


LETTER TO: CAPITA IRG TRUSTEES LIMITED
DATED: 01/04/2005


Broadgate Financing PLC #2,080,000,000 Bonds


          Class               Common Code               ISIN
          A1                    21309206             XS0213092066
          A2                    21189766             XS0211897664
          A3                    21189782             XS0211897821
          A4                    21309265             XS0213092652
          B                     21189804             XS0211898043
          C1                    21309303             XS0213093031
          C2                    21189812             XS0211898126
          D                     21309362             XS0213093627


Pursuant to Clause 13 of the Cash Management Agreement, we hereby give you
notice of the calculations set out in the schedule to this letter with respect
to payments due under the Bonds on 5 April 2005.


FROM: BROADGATE (CASH MANAGEMENT) LIMITED



                                                       SCHEDULE

              Bond            Bond Principal  Principal Amount  Principal          Interest Residual  Step-up Residual
              Amortisation    Payments in     Outstanding in    Residual Amount    Amount             Amount 
              Amount in       respect of each respect of each   applicable to      applicable to      applicable to
              respect of each Class of Bonds  Bond              relevant Class of  relevant Class of  relevant Class of
              Class of Bonds                                    Bonds              Bonds              Bonds
                         (#)            (#)              (#)                 (#)               (#)               (#)
Class A1 Bonds          0.00           0.00         5,000.00                 N/A               N/A               N/A
Class A2 Bonds         23.42           0.00         4,976.58                 N/A               N/A               N/A
Class A3 Bonds          0.00           0.00         5,000.00                 N/A               N/A               N/A
Class A4 Bonds          0.00           0.00         5,000.00                 N/A               N/A               N/A
Class B Bonds           0.00           0.00         5,000.00                 N/A               N/A               N/A
Class C1 Bonds          0.00           0.00         5,000.00                 N/A               N/A               N/A
Class C2 Bonds          0.00           0.00         5,000.00                 N/A               N/A               N/A
Class D Bonds          25.00           0.00         4,975.00                 N/A               N/A               N/A


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