RNS Number:3642E
Equity Release Funding (No.1) PLC
29 May 2001


RE: EQUITY RELEASE FUNDING NO 1 PLC
    GBP 35,000,000 CLASS A1 MORTGAGE BACKED FLOATING RATE NOTES
    DUE: FEBRUARY 2026
    ISIN: XS0121197809

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
29MAY01 TO 28AUG01 HAS BEEN FIXED AT 5.6925 PCT PER ANNUM.

INTEREST PAYABLE VALUE 28AUG01 WILL AMOUNT TO:
GBP 14.19  PER GBP 1,000 DENOMINATION
GBP 141.92  PER GBP 10,000 DENOMINATION
GBP 1,419.23 PER GBP 100,000 DENOMINATION
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON  
TEL:  44 207 508 3857/3855 OR FAX:  44 207 508 3881. 


RATEFIX DESK
CITIBANK N.A., LONDON
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