BW20030910000061  20030910T160003Z 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 A
                      �198,640,000 FRN due 10 Mar 2040
ISIN Number         : XS0148238081
Issue Nomin     GBP : 198,640,000.00
Period              : 10-Sep-2003 to 10-Dec-2003   Payment Date 10-Dec-2003
Number of Days      : 91
Rate                : 4.06125       Pool Factor: 0.4516
Denomination    GB  : 4,516.00

Amount Payable 
per Denomination    : 45.73

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: 00009615
   Time of Receipt (offset from UTC): 20030910T165809+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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