RNS No 3072w
ULSTER BANK FINANCE
14th October 1998

RE    ULSTER BANK FINANCE
      YEN 500,000,000 SERIES 21 EMTN
      DUE 15 APRIL 2004
      ISIN:XS0075093087
--------------------------------------------------------
THIS IS TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD 15OCT98 TO 15APR99 HAS
BEEN FIXED AT 2.5464 PCT PER ANNUM.

WE HAVE DETERMINED THE AMOUNT PAYABLE VALUE 15APR99 TO BE
YEN 1,287,347 PER YEN 100,000,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855/3857 OR FAX: 44 171 508 3881.


RATE FIX DESK
CITIBANK N.A., LONDON


END


RC MJBMBLLMBTRP


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