REG-PREFERRED RESIDENTIAL SECURITIES 7 PLC FRN Variable Rate Fix

LONDON--(Business Wire)--

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As Agent Bank, please be advised of the following rate determined on:16-Jun-2008

Issue : Preferred Residential Securities 7 plc - Class A2
GBP 309,600,000 Mortgage Backed FRN Due 15 Dec 2041
ISIN Number : XS0183097939
Common Code/ : 18309793
144A ISIN
Issue Nomin GBP : 309,600,000.00
Period : 16-Jun-2008 to 15-Sep-2008 Payment Date 15-Sep-2008
Number of Days : 91
Rate : 6.405 Pool Factor: 0.164919
Denomination GB : 1,649.19

Amount Payable
per Denomination : 26.26

Bank of New York
Rate Fix Desk Telephone 44 1202 689580
Corporate Trust Services Facsimile 44 1202 689601
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PREFERRED RESIDENTIAL SECURITIES 7 PLC

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