48IF Mit.corp. 26

    LOTHIAN MORTGAGES (NO.3) PLC

RE: LOTHIAN MORTGAGES NO.3 PLC
    GBP 25,000,000.00
    MATURING: 24/Jul/2039
    ISSUE DATE: 30/Jun/2004 
    ISIN: XS0194865753

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
24/Jul/2006 TO 24/Oct/2006 HAS BEEN FIXED AT 5.086880 PCT. 

DAY BASIS 92/365

INTEREST PAYABLE VALUE 24/Oct/2006 WILL AMOUNT TO 
GBP 1,282.17 PER GBP 100,000.00 DENOMINATION.
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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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