04PZ Eqty.rel.fd.a2

Equity Release Funding (No.1) PLC

RE: EQUITY RELEASE FUNDING (No.1) PLC
    GBP 35,000,000.00 
    MATURING: 26-Feb-2026
    ISSUE DATE: 30-Mar-2001
    ISIN: XS0121197809

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Feb-2004 TO 26-May-2004 HAS BEEN FIXED AT 4.648750 PCT.

INTEREST PAYABLE VALUE 26-May-2004 WILL AMOUNT TO:
GBP 6.49 PER GBP 566.59 DENOMINATION.
GBP 64.95 PER GBP 5,665.90 DENOMINATION.
GBP 649.46 PER GBP 56,659.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACTTHE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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