Lothian Mortgages Master Issuer plc

RE: LOTHIAN MORTGAGES MASTER ISSUER PLC
    GBP 350,000,000.00
    MATURING: 24-Apr-2050
    ISSUE DATE: 11-May-2006
    ISIN: XS0254005779

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
24-Jul-2006 TO 24-Oct-2006 HAS BEEN FIXED AT 4.830000 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 24-Oct-2006 WILL AMOUNT TO:
GBP 608.71 PER GBP 50,000.00 DENOMINATION

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