BW20030910000060  20030910T154524Z UTC


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

    Business Editors
    UK REGULATORY NEWS

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

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

Issue               : Southern Pacific Securities D PLC - Class M
                      �17,200,000 FRN due 10 Mar 2040
ISIN Number         : XS0148241036
Issue Nomin     GBP : 17,200,000.00
Period              : 10-Sep-2003 to 10-Dec-2003   Payment Date 10-Dec-2003
Number of Days      : 91
Rate                : 4.194125
Denomination    GB  : 10,000.00

Amount Payable 
per Denomination    : 123.19

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

   Short Name: Southern Pacific D
   Category Code: RC
   Sequence Number: 00009611
   Time of Receipt (offset from UTC): 20030910T164330+0100

    --30--ne/uk*

    CONTACT: Southern Pacific Securities D PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Southern Pacific D

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