RNS Number:4926W
Equity Release Funding (No.1) PLC
28 May 2002



RE:   EQUITY RELEASE FUNDING NO 1 PLC
      GBP 35,000,000 CLASS A1 MORTGAGE BACKED FLOATING RATE NOTES 
      DUE: FEBRUARY 2026 
      ISIN: XS0121197809

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
27MAY02 TO 27AUG02 HAS BEEN FIXED AT 4.6275 PCT PER ANNUM.

INTEREST PAYABLE VALUE 27AUG02 WILL AMOUNT TO:
GBP 11.66     PER GBP 1,000 DENOMINATION 
GBP 116.64    PER GBP 10,000 DENOMINATION 
GBP 1,166.38  PER GBP 100,000 DENOMINATION


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL: 44 207 508 3857/3855 OR FAX: 44 207 508 3881.
 
 
RATEFIX DESK 
CITIBANK N.A., LONDON

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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