BW20030303002173  20030303T170824Z UTC


( BW)(FIRST-FLEXIBLE-NO.-5)(AS21) FRN Variable Rate Fix - REPLACEMENT

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--March 3, 2003--

The following amendment should be made to the (FIRST-FLEXIBLE-NO.-5)
FRN Variable Rate Fix announcement released at 16:19 BST under
BW20030303002125. The company short name associated with this release
should have been First Flexible No.5 and not Jyske Bank. All other
details remain unchanged.

The full corrected version is shown below.

( BW)(FIRST-FLEXIBLE-NO.-5)(AS21) FRN Variable Rate Fix

As Agent Bank, please be advised of the following rate determined on:  03-Mar-2003

Issue               : First Flexible No. 5 Plc - Class B
                      �12,500,000 FRN Due 1 Jun 2034
ISIN Number         : XS0149246711
Issue Nomin     GBP : 12,500,000.00
Period              : 03-Mar-2003 to 01-Apr-2003     Payment Date  01-Apr-2003
Number of Days      : 29
Rate                : 5.42375
Denomination    GB  : 10,000.00

Amount Payable 
per Denomination    : 43.09

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

   Short Name: First Flexible No.5
   Category Code: RC
   Sequence Number: 00002477
   Time of Receipt (offset from UTC): 20030303T155247+0000

    --30--KK/ny*

    CONTACT: First Flexible No.5 PLC 

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: First Flexible No.5

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