36GZ Emh Trs.4.50%44

    Lothian Mortgages Master Issuer

RE: Lothian Mortgages Master Issuer Plc
    EUR 471,250,000.00
    MATURING: 24/Apr/2050
    ISSUE DATE: 11/May/2006
    ISIN: XS0254003725

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
24/Jul/2006 TO 24/Oct/2006 HAS BEEN FIXED AT 3.207000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 24/Oct/2006 WILL AMOUNT TO
EUR 409.78 PER EUR 50,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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