32GB Eqty Rel5.a Nts

TIDM32GB

RNS Number : 6673E

Equity Release Funding(No.5) PLC

01 June 2012

Equity Release Funding (No.5) PLC 1 June 2012

Equity Release Funding (No.5) PLC (the "Company")

   Re:       GBP315,000,000 Class A Mortgage Backed Floating Rate Notes due 2045 (XS0225883387) 

GBP43,000,000 Class B Mortgage Backed Deferrable Interest Floating Rate Notes due 2050 (XS0225883973)

GBP23,000,000 Class C Mortgage Backed Deferrable Interest Floating Rate Notes due 2050 (XS0225884278) (together, the "Notes")

The Company today announces that it does not intend to exercise its right to redeem all or part of any series of Notes on the interest payment date falling in July 2012 (the "Step-Up Date").

In respect of any interest period commencing on or after the Step-Up Date, the Relevant Margin used for determining the applicable rate of interest on the Class A Notes will be 0.46 per cent. per annum, on the Class B Notes will be 0.70 per cent. per annum, and on the Class C notes will be 1.80 per cent. per annum.

This notice is given by:

Equity Release Funding (No.5) PLC

This information is provided by RNS

The company news service from the London Stock Exchange

END

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