BW20030527000062  20030527T170356Z UTC


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

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--May 27, 2003--

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
27-May-2003 TO 26-Aug-2003 HAS BEEN FIXED AT 4.072500 PCT.

INTEREST PAYABLE VALUE 26-Aug-2003 WILL AMOUNT TO:
GBP 7.70 PER GBP 758.59 DENOMINATION.
GBP 77.02 PER GBP 7,585.90 DENOMINATION.
GBP 770.22 PER GBP 75,859.00 DENOMINATION.
----------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881

   Short Name: Equity Release No. 1
   Category Code: RC
   Sequence Number: 00005163
   Time of Receipt (offset from UTC): 20030527T175105+0100

    --30--ra/uk*

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

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