72IN Nordic 57

    Mitsubishi UFJ Secs

As Agent Bank, please be advised of the following rate determined on: 11-May-06

Issue            : Mitsubishi Securities International PLC - Series 331
                   JPY 500,000,000 Step-Up Fixed/FRN due 14 Nov 2014
ISIN Number      : XS0157334540
Common Code/
144A ISIN        : 15733454
Issue Nomin JPY  : 500,000,000.00
Period           : 15-May-2006 to 14-Nov-2006       Payment Date   14-Nov-2006
Number of Days   : 183
Rate             : 1.77125
Denomination JPY : 100,000,000
Amount Payable
per Denomination : 900,385

Rate Fix Desk                        Telephone  44 (0) 1202 34 1286 
Institutional Trust Services         Facsimile  44 (0) 1202 34 1287

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