BW20030527000065  20030527T171008Z UTC


( BW)(EQUITY-RELEASE-FUNDING-2)(AS13) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--May 27, 2003--

RE: EQUITY RELEASE FUNDING (No.2) PLC
    GBP 45,000,000.00 
    MATURING: 26-May-2027
    ISSUE DATE: 11-Jun-2002
    ISIN: XS0147705775

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27-May-2003 TO 26-Aug-2003 HAS BEEN FIXED AT 4.062500 PCT.

INTEREST PAYABLE VALUE 26-Aug-2003 WILL AMOUNT TO:
GBP 9.95 PER GBP 982.30 DENOMINATION.
GBP 99.49 PER GBP 9,823.00 DENOMINATION.
GBP 994.92 PER GBP 98,230.00 DENOMINATION.
----------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881

   Short Name: Equity Release No. 2
   Category Code: RC
   Sequence Number: 00005164
   Time of Receipt (offset from UTC): 20030527T175417+0100

    --30--ra/uk*

    CONTACT: Equity Release Funding (No. 2) PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Equity Release No. 2

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