Sounds like a job for Traffic Shaping.
You'll want to create an access-list that matches your Mail server on port 25 (replace 10.10.10.10 with your mail server IP)
access-list 100 permit tcp 10.10.10.10 any eq 25
Use traffic shaping on your outbound interface (going to the internet)
traffic-shape group 100 420000 'this is approx 40% of 1Mbps in bps
That's it!
You can check your results with
show traffic-shape
show traffic-shape statistics