Equity Release Funding (No.2) Plc


Re:  EQUITY RELEASE FUNDING (NO.2) PLC
     GBP 45,000,000.00
     MATURING: 26-May-2027
     ISIN: XS0147705775

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Feb-2008 TO 27-May-2008 HAS BEEN FIXED AT 6.121250 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 27-May-2008 WILL AMOUNT TO:
GBP 4.37 PER GBP 286.46 DENOMINATION
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