Avebury Properties Ld

As Agent Bank, please be advised of the following rate determined on:16-Feb-2006

Issue               : Avebury Properties Limited - Class A1
                      GBP43,000,000 Secured FRN due February 2011
ISIN Number         : XS0108393272
Common Code /       : 108393272
144A ISIN
Issue Nomin     GBP : 43,000,000.00
Period              : 20-Feb-2006 to 22-May-2006    Payment Date 22-May-2006
Number of Days      : 91
Rate                : 5.7225
Denomination    GB  : 18,343.27

Amount Payable 
per Denomination    : 261.70

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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