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 05-1 plc - Class E GBP 3,500,000 Mortgage Backed FRN due 10 Jun 2043
ISIN Number	¦ XS0212692478
ISIN Reference	¦ 21269247
Issue Nomin GBP	¦ 3500000
Period	¦ 10/12/2012 to 11/03/2013		Payment Date 11/03/2013
Number of Days	¦ 91
Rate	¦ 3.46875
Denomination GBP	¦ 50000	¦ 3500000		¦
Amount Payable per Denomination	¦ 432.41	¦ 30268.41		¦