BW20030226002159  20030226T182257Z UTC


( BW)(EQUITY-RELEASE(NO.1))(04PZ) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Feb. 26, 2003--

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
26FEB03 TO 27MAY03 HAS BEEN FIXED AT 4.13844 PCT PER ANNUM

INTEREST PAYABLE VALUE 27MAY03 WILL AMOUNT TO: 

GBP 8.18   PER GBP 801.19    DENOMINATION
GBP 81.80  PER GBP 8,011.90  DENOMINATION 
GBP 818.00 PER GBP 80,119.00 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

   Short Name: Equity Release(No.1)
   Category Code: RC
   Sequence Number: 00002334
   Time of Receipt (offset from UTC): 20030226T165520+0000

    --30--ac/ny*

    CONTACT: Equity Release Funding (No.1) PLC
 

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Equity Release(No.1)

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