Page 2 of 2 Loans Portfolio as at 31 March 2004 Fixed Charge Security THFC THFCIL THFCIL2 THFCFV SHF UK Rents Total Loan Loans Loans Loans Loans Loans Loans Value Association Area £000 £000 £000 £000 £000 £000 £000 Acton HA Ltd LN 18,665 0 0 0 0 0 18,665 Agudas Israel HA Ltd LN 208 0 604 0 0 0 812 Axiom HA Ltd EA 4,808 0 0 0 5,000 0 9,808 Beaver HS Ltd LN 12,000 1,106 0 0 0 0 13,106 Beth Johnson HA Ltd MD 4,000 0 0 0 0 0 4,000 Bethnal Green & Victoria Park HA Ltd LN 1,250 0 0 0 7,680 0 8,930 Bradford & Northern HA Ltd NA 0 13,047 0 0 0 0 13,047 Cambridge HS Ltd EA 4,200 0 0 0 0 0 4,200 Cardiff Community HA Ltd WA 0 310 0 0 0 0 310 Cherwell HT Ltd SE 2,000 0 0 0 3,000 0 5,000 Cheviot HA Ltd NE 0 0 0 0 3,000 0 3,000 Clwyd Alyn HA Ltd WA 2,000 2,764 0 0 0 0 4,764 Clwyd CT WA 1,500 0 0 0 0 0 1,500 Collingwood HA NW 0 0 0 0 9,565 0 9,565 Community HA LN 12,686 0 0 0 0 0 12,686 Cotman HA Ltd EA 3,120 0 0 0 0 0 3,120 De Montfort HS Ltd MD 5,550 0 0 0 0 0 5,550 Ealing Family HA Ltd LN 4,396 1,437 0 0 0 0 5,833 East Thames HG Ltd LN 23,495 0 0 0 0 0 23,495 Eildon HA Ltd SC 0 0 0 0 3,900 0 3,900 Equity HG Ltd NW 2,296 0 0 3,197 0 0 5,493 Eryri CT Ltd WA 2,500 0 0 0 0 0 2,500 Estuary HA Ltd EA 8,000 719 0 0 0 0 8,719 FCH Housing and Care MD 2,000 0 0 2,951 5,500 0 10,451 Family HA LN 9,479 0 0 0 0 0 9,479 Family HA (Manchester) Ltd NW 0 0 0 0 2,300 0 2,300 Focus HA Ltd MD 6,022 0 0 0 0 0 6,022 Grampian HA Ltd SC 0 0 0 0 3,808 0 3,808 Granta HS Ltd EA 1,500 0 0 0 0 0 1,500 Gravesend Churches HA Ltd SE 0 0 0 0 1,750 0 1,750 Griffin HA Ltd LN 5,000 0 0 0 0 0 5,000 Hastoe HA Ltd SE 5,500 0 0 0 0 0 5,500 Heantun HA Ltd MD 2,500 0 0 0 0 0 2,500 Hexagon HA Ltd LN 1,500 276 4,225 0 0 0 6,001 Hightown Praetorian HA Ltd SE 0 1,106 0 0 0 0 1,106 Home Group Ltd NA 2,891 10,990 11,769 0 0 0 25,650 Hyde HA Ltd SE 0 0 11,683 0 0 0 11,683 Innisfree HA Ltd LN 3,000 0 0 0 0 0 3,000 Irwell Valley HA Ltd NW 0 0 2,414 0 0 0 2,414 Islington & Shoreditch HA Ltd LN 2,000 0 0 0 4,706 0 6,706 John Grooms HA NA 0 0 0 0 3,000 0 3,000 Johnnie Johnson HT Ltd NW 3,500 774 0 0 0 0 4,274 Knightstone HA Ltd SW 7,355 11,882 0 0 0 0 19,237 Kush HA Ltd LN 4,000 0 0 0 0 0 4,000 Leicester HA Ltd MD 0 0 0 0 4,871 0 4,871 Liverpool HT NW 0 0 0 0 7,007 0 7,007 Longhurst HA Ltd EA 9,400 0 0 0 0 0 9,400 Manchester Methodist HA Ltd NW 750 0 604 738 10,322 0 12,414 Mercian HA Ltd MD 2,681 0 0 0 3,000 0 5,681 Mid Wales HA Ltd WA 0 0 1,328 0 0 0 1,328 Midland Area HA Ltd MD 2,200 1,216 0 0 0 0 3,416 Minster General HA Ltd EA 1,078 0 0 0 1,500 0 2,578 Moat HS Ltd SE 3,500 6,933 0 0 0 0 10,433 Mosscare Housing Ltd NW 0 0 0 0 13,685 0 13,685 Nene HS Ltd EA 1,862 0 0 0 0 0 1,862 Affinity Trust Ltd SE 12,000 6,778 4,225 0 0 0 23,003 New Islington & Hackney HA LN 4,117 1,880 0 0 0 0 5,997 Newlon HT LN 5,067 0 0 0 0 0 5,067 Nexus (Midland) HA Ltd MD 850 0 0 0 0 0 850 Nomad Housing Group Ltd NE 0 0 0 0 5,500 0 5,500 North British Housing Ltd NA 35,796 0 0 0 0 0 35,796 North London Muslim HA Ltd LN 1,000 0 0 0 0 0 1,000 North Wales HA Ltd WA 2,500 442 0 0 5,000 0 7,942 Nottingham Community HA Ltd MD 17,001 0 0 0 0 0 17,001 Octavia Housing and Care LN 2,000 0 0 0 3,500 0 5,500 Oxford Citizens HA Ltd SE 0 0 0 738 0 0 738 Pathmeads HA Ltd LN 2,500 0 0 0 2,000 0 4,500 Pembrokeshire HA Ltd WA 1,000 0 0 0 0 0 1,000 Penwith HA Ltd SW 6,236 0 0 0 0 0 6,236 Sadeh Lok HA Ltd   650 0 0 0 0 0 650 Sanctuary HA NA 0 0 0 0 15,861 0 15,861 Shaftesbury HA NA 0 1,990 0 0 0 0 1,990 Soho HA Ltd LN 0 0 0 0 1,500 0 1,500 South London Family HA Ltd   28,500 16,041 0 0 0 0 44,541 South Yorkshire HA Ltd NE 1,500 0 0 0 3,733 0 5,233 Southern Housing Group Ltd LN 2,580 3,251 0 0 18,270 0 24,101 Sovereign HA Ltd SW 9,500 0 0 0 0 0 9,500 Springboard HA Ltd LN 6,000 0 0 0 0 0 6,000 St Pancras & Humanist HA SE 600 0 0 0 0 0 600 St Vincent's HA Ltd NW 1,750 0 0 0 4,000 0 5,750 Sutton HS Ltd SE 250 0 0 0 0 0 250 Swaythling HS Ltd SW 10,500 0 0 0 0 0 10,500 Taff HA Ltd WA 500 0 0 0 1,000 0 1,500 Thames Valley Charitable HA Ltd SE 14,930 0 0 0 0 0 14,930 The Ridings HA Ltd NE 0 0 0 0 5,000 0 5,000 Three Rivers HA Ltd NE 0 0 0 0 1,836 0 1,836 Touchstone HA Ltd MD 14,095 8,812 0 0 0 0 22,907 Toynbee HA Ltd LN 500 0 0 0 0 0 500 Trident HA Ltd MD 5,000 2,985 0 0 0 0 7,985 Two Castles HA Ltd NE 7,000 0 0 0 0 0 7,000 United Welsh HA Ltd WA 4,500 0 0 0 0 0 4,500 Venture HA Ltd NW 0 0 0 0 3,250 0 3,250 Walbrook HA Ltd MD 2,490 0 0 0 0 0 2,490 Wales and West HA Ltd WA 3,400 0 0 0 0 0 3,400 Wandle HA Ltd LN 5,000 0 0 0 10,400 0 15,400 Waterloo HA Ltd MD 6,000 0 0 0 0 0 6,000 West Pennine HA Ltd NW 0 0 3,505 0 2,000 0 5,505 William Sutton Trust NA 0 0 2,414 0 0 0 2,414 Wiltshire Rural HA Ltd SW 1,450 0 0 0 0 0 1,450 Winchester HA Ltd SW 2,500 0 2,414 0 0 0 4,914 Wirral Methodist HA Ltd NW 1,200 0 0 0 0 0 1,200 Womens Pioneer Housing Ltd LN 1,000 0 0 0 0 0 1,000 Total Fixed Charge Security 411,854 94,739 45,185 7,624 176,444 0 735,846 Income Security   THFC THFCIL THFCIL2 SHF THFCFV UK Rents Total Loan Loans Loans Loans Loans Loans Loans Value Association Area £000 £000 £000 £000 £000 £000 £000 Beaver HS Ltd LN 0 0 0 0 0 7,563 7,563 Cheviot HA Ltd NE 0 0 0 0 0 7,286 7,286 Kelsey HA Ltd LN 0 0 0 0 0 4,905 4,905 Mercian HA Ltd MD 0 0 0 0 0 5,503 5,503 Portico HA Ltd NW 0 0 0 0 0 5,445 5,445 Portsmouth HA Ltd SE 0 0 0 0 0 5,441 5,441 Income Cover 0 0 0 0 0 36,143 36,143 T.H.F.C. (Capital) Plc Total Loan Value Association Area £000 Sunderland HG NE 296,500 Total 296,500 Grand Total 748,603 110,569 67,602 27,251 201,478 36,143 1,488,146 Key: Area: EA East Anglia THFC The Housing Finance Corporation Limited LN London THFCIL T.H.F.C. (Indexed) Limited MD Midlands THFCIL2 T.H.F.C. (Indexed 2) Limited NA National SHF T.H.F.C. (Social Housing Finance) Limited NW North West THFCFV T.H.F.C. (First Variable) Limited NE North East UK Rents UK Rents (No. 1) PLC SE South East SW South West WA Wales SC Scotland Page 1 - Page 2