FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

As Agent Bank, please be advised of the following rate determined on: 10/12/2012
Issue	¦ Southern Pacific Securities 04-2 plc - Class C1c GBP 19,400,000 Mortgage Backed FRN due 10 Dec 2042
ISIN Number	¦ XS0196616360
ISIN Reference	¦ 0
Issue Nomin GBP	¦ 19400000
Period	¦ 10/12/2012 to 11/03/2013		Payment Date 11/03/2013
Number of Days	¦ 91
Rate	¦ 1.31875
Denomination GBP	¦ 10000	¦ 19400000		¦
Amount Payable per Denomination	¦ 27.39	¦ 53135.44		¦