REG-Preferred Residential Securities 05-2 plc FRN Variable Rate Fix

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Thu Jun 19, 2008 11:52am EDT 

LONDON--(Business Wire)--

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As Agent Bank, please be advised of the following rate determined on: 12-Jun-2008

Issue               : Preferred Residential Securities 05-02 plc - Class B1a
                      EUR 13,000,000.00 Mortgage Backed FRN Due 15 Dec 2040
ISIN Number         : XS0234207594
Common Code/        : US740377AG16
144A ISIN
Issue Nomin     EUR : 13,000,000.00
Period              : 16-Jun-2008 to 15-Sep-2008          Payment Date 15-Sep-2008
Number of Days      : 91
Rate                : 5.268
Denomination EUR    : 100,000.00                  13,000,000.00

Amount Payable
per Denomination    : 1,331.63                    173,112.33

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services           Facsimille 44 1202 689601
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Preferred Residential Securities 05-2 plc

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