BW20030910002036  20030910T142806Z UTC


( BW)(SOUTHERN-PACIFIC-F)(AR87) FRN Variable Rate Fix 

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Sept. 10, 2003--

As Agent Bank, please be advised of the following rate determined on: 10-Sep-2003

Issue               : Southern Pacific Securities F plc - Class M1
                      GBP11,600,000 Mortgage Backed FRN due 10 Mar 2041
ISIN Number         : XS0163536120
Issue Nomin     GBP : 11,600,000.00
Period              : 10-Sep-2003 to 10-Dec-2003          Payment Date 10-Dec-2003
Number of Days      : 91
Rate                : 5.30125
Denomination    GB  : 10,000.00

Amount Payable 
per Denomination    : 132.17

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438

   Short Name: Southern Pacifc Secs F
   Category Code: RC
   Sequence Number: 00009603
   Time of Receipt (offset from UTC): 20030910T152543+0100

    --30--KO/uk*

    CONTACT: Southern Pacific Securities F PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Southern Pacifc Secs F

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